Under the auspices of the Minister of Communications and IT
Bank AlBilad receives the E-Business Digital Excellence Award

Bank AlBilad web site www.bankalbilad.com.sa won the second position of the E-business Digital Excellence Award for 2007 under the auspices of the Minister of Communications and IT Eng. Muhammad J. Mulla. The award was received on behalf of Bank Albilad by Mr. Abdullah S. Al-Madhi Personal Banking and Remittance General Manager.

The award was organized by the Ministry of Communications and IT and encompassed more than 182 web sites Kingdom-wide. On this occasion, Mr. Razi Fakih, Bank AlBilad Acting CEO expressed sincere thanks and appreciation to the Ministry of Communications and IT for its consistent efforts in upgrading the Arabic digital content on the internet. This award is another example reflecting the Ministry's emphasis on the importance of digital excellence. It supports the initiatives and efforts aimed at encouraging web sites with Arabic content.

Granted by the Ministry of Communications and IT, this award is considered as an appreciation of the bank's efforts in supporting the Saudi banking sector and fostering the e-businesses provided on the internet. It is also a confirmation that the Bank has fulfilled the criteria established by the Award Arbitration Committee, including: e-business service among various sectors; innovation in creating unique approaches within the e-commerce; effortless access to, and proficient response of the customer service center; classification and displaying of information relevant to the products according to their nature or use; and the possibility of completing banking processes on-line".

"The bank's web site aims at introducing the bank and the services it provides to its customers and visitors using the most recent technological approaches of design and development. In addition to the full range of products that the bank offers, it also introduces the bank's organizational structure, executive management, the Sharia-compliant policy, the bank news on a consistent basis, the decisions of the Sharia commission, the financial reports, and performance reports of the investment funds. The site also offers various means of communication between the customers / visitors and the bank", Fakih said.

The site is the main portal of access to the internet banking services provided by the bank. Albilad.net, which provides a variety of services, may be accessed through this site. Such services include remittances, bill payment, underwriting, investment funds, and viewing current accounts. Furthermore, the AlBilad Tadawul service provides a variety of unique, innovative and flexible solutions. This includes: opening a portfolio on-line, consolidated exchange monitor, postponed, varying and prompt orders, instantaneous market prices, and direct exchange between current and investment accounts.