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Saudi Hollandi Awards Complete E-Tadawul Trading Project to Saudi National Technology Group as Solution Provider of Choice
Published Feb 16, 2011
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Saudi Hollandi, the Kingdom's first established bank, has signed a "Mubasher E-Tadawul Total Brokerage Solution Agreement" with Saudi National Technology Group. The new e-Tadawul service is part of Saudi Holland's initiative under its Al Heen Program to infuse technological advances through multiple channels including mobile phones, and e-banking.
Through execution of this strategy, the bank aims to transcend and revolutionize the user experience in the Saudi finance sector.
Mubasher has leapt past the contemporary E-Tadawul platform market by bringing innovative technology as an end-to-end solution, offering unique user experiences for online trading.
Mubasher E-Tadawul solution is a superior multi channel offering that combines the latest front end technology with a powerful Multi Market Order Management System to deliver a revolutionary user experience.
Our e-Tadawul project is part of the Multi Channel Platform programme, which in turn is a core part of our Al Heen strategy. Through the Multi Channel Platform programme, we aim to update and innovate all our channels through 2012.
As an e-trading pioneer with multiple experiences as a data vendor and a solutions provider with firsthand engagements with investors, Mubasher was our obvious choice as the partner for the e-Tadawul project," said Dr. Bernd van Linder, Managing Director, Saudi Hollandi Bank and Chairman of Saudi Hollandi Capital (SH Capital), the bank's wholly-owned investment banking subsidiary.
Mubasher will deploy its next generation, multi channel desktop, internet and mobile applications to deliver superior end to end e-Tadawul solutions for SHC's investors.
Saudi Hollandi Bank and Saudi Hollandi Capital are pioneers in the Kingdom and we welcomed the opportunity to forge a partnership from which we can launch new innovations together meeting the demands of investors.
The extensive reach of our trading platform and market leading e-channels, will enable SH Capital to strengthen its local, regional and international stock market appeal," said Engineer Mohammad Al Ballaa, Chairman, National Technology Group / Mubasher.
Saudi Hollandi Bank, the first operating bank in the Kingdom of Saudi Arabia, was founded in 1926. At the end of 2010, the bank's paid-up capital amounted to SR3,307m. Saudi Hollandi Bank employs 1,439 staff and operates 43 branches, 15 Ladies Sections, 30 Preferred Banking Centers and 229 ATMs providing banking services throughout the Kingdom.
Saudi Hollandi Capital, a wholly owned investment banking subsidiary, commenced business activities in early 2008 and has since then been involved in some significant deals. SH Capital operates three principal businesses brokerage, asset management and investment banking.
Mubasher has over 10 years of expertise in the financial services industry and is a fully owned subsidiary of National Technology Group (NTG) of Saudi Arabia.
Mubasher provides real time multi channel, multi market price dissemination, online STP trading, superior brokerage platforms, sophisticated technical analytical tools, news, unparalleled content and other value added services.
Mubasher is truly international yet highly focused to Tadawul in coverage with more than 45 international and emerging markets and over 90% subscribers for its services in the kingdom alone.
For more information:
Orient Planet PR & Marketing Communications
P.O. Box 23345, Dubai UAE
T: +971 4 3988901
F: +971 4 3988941
E: media@orientplanet.com
W: www.orientplanet.com
Posted by
VMD - [Virtual Marketing Department]
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