SAGIA, Capital Market Authority, Ma’aden, Fawaz Al Hokair & More Win The Prestigious Saudi Trade Finance Awards
The prestigious Saudi Trade Finance Awards honouring the best in the Kingdom’s finance & banking industry concluded last week. The coveted awards ceremony took place in conjunction with 7th Annual Saudi Trade Finance Summit which and attended by over 250 top financial leaders from leading corporates, trade corporations, banking and financial institutions in the Kingdom of Saudi Arabia and highlighted the exceptional work undertaken in the field of finance.
The Saudi Trade Finance Awards, have an aspirational element, as they have been recognizing success, vision and innovation for many years. The Awards honour industry leaders from corporates & banks who have successfully implemented innovative strategies and contributed to the overall growth of the economy of the Kingdom.
Some of the major banks in Saudi Arabia like Saudi British Bank, Banque Saudi Fransi, Gulf International Bank, Sidra Capital, First Abu Dhabi Bank were recognised and felicitated for their outstanding contribution to the Kingdom’s finance sector.
Winning the Chief Financial Officer of the Year, Private Sector, Mohammed Salim Patka, Chief Financial Officer, BinDawood & Danube says “This award is a testament to my staff and colleagues at BinDawood & Danube and a recognition of the dedication, loyalty and integrity we bring to the business every day.”
On the same note, Rawabi Holding won the Treasury Team of the Year, Private Sector Ahmad AlShubbar, VP Group Treasury and Strategy, Rawabi Holding, claims, “The recognition of the team effort and hard work doing the year only gives us the fuel to start working harder for another year of success. Winning is a journey, not a destination.”
On the other hand, Ma’aden bagged the Treasury Team of the Year under the Public sector. Commenting on the team’s win, Fawaz Al Enazi, Group Treasurer, Ma’aden says “I feel honored that my team’s achievement has been recognized. This award will give a positive impact on my team and definitely for other teams in future.”
The 7th Annual Saudi Trade Finance Summit was supported by the Human Resources Development Fund (HRDF) and Small & Medium Enterprises General Authority SMEA (Monsha’at); Hosted under the theme of “Enabling the Kingdom’s vision for a better future”. The Summit has a history of bringing together the most influential trade associates along with key stakeholders and CFOs, heads of treasury & finance as well as leading banks and financial institutions under one roof to strike thought-provoking conversations with respect to financial regulations, strategies, and trends that shape the Kingdom’s economy.
Speaking on the overall participation in the Saudi Trade Finance Summit, Mr. Ahmad Alalawi, Head of Trade Products, Saudi British Bank says “Saudi Trade Finance summit is an important annual event to check Trade business agenda of Saudi exporters and importers, provides a great opportunity for interaction and collaboration with existing and potential customers of Saudi banks as well as promotes Saudi trade finance industry with international business elite.”
Commenting on the success of the event Sidh N.C, Director, QNA International says “With our 7th Annual Saudi Trade Finance Summit coming to an end, the conference has truly brought together government, regulatory authorities, financial institutions, , supply chain financers and banks to discuss the latest developments, trends, and innovations that have shaped the trade finance industry. This year has certainly been memorable with the support of Monsha’at, Human Resource Development Fund.”
The winners of the Saudi Trade Finance Awards 2019:
- CFO of the Year – Public Sector – Ravish M H Tatli, Chief Financial Officer, United Transportation
- CFO of the Year – Private Sector – Muhammad Salim Patka, Chief Financial Officer, BinDawood & Danube
- Best Strategy Execution – Public Sector – Saudi Arabian General Investment Authority – SAGIA
- Best Strategy Execution -Private Sector – Al Arrab Contracting Company
- Best Strategy Execution -Private Sector – Fawaz Al Hokair Group
- Best Finance Transformation – Public Sector – Small and Medium Enterprises General Authority – Monsha’at
- Best Finance Transformation – Private Sector – Siemens Limited
- Finance Team of the Year – Public Sector – Capital Market Authority
- Finance Team of the Year – Private Sector – Saudi American Glass Company
- Treasurer of the Year – Public Sector – Maher Salem Althiyabi, Treasury & Investment Director, National Housing Company
- Treasurer of the Year – Private Sector – Alexander Harris, Vice President Treasury, Al Muhadib
- Treasury Team of the Year – Public Sector – Saudi Arabian Mining Company (Ma’aden)
- Treasury Team of the Year – Private Sector – Rawabi Holding Group
- Best Commodity Finance Bank – Saudi British Bank
- Best Trade Finance Bank – Banque Saudi Fransi
- Best Supply Chain Finance Bank – Gulf International Bank
- Most Innovative Bank for Trade Finance – Sidra Capital
- Best Export Finance Bank – First Abu Dhabi Bank
