Bank of Arabian was established by royal charter on January 30, 2007 as the first Arabian digital bank. During its more than 14 years in business, the Bank has played a leading role in providing the financial services needed in Arabian, developing deep expertise.

During its more than 14 years in business, the Bank has played a leading role in providing the financial services needed in Arabian, developing deep expertise.

$2,400,000
Raised
913
Investors
$5,000,000
Target
20.36%
Equity
$14,700,000
Pre-Money valuation
$5.10
Iraic Price
BankofArabian strategic plan for change
Based on our commitment to serve the nation as “The Most Admired Bank,” Bank of Arabian is revitalizing its organization and operations under a major strategic plan that we call Bank of Arabian Transformation. This effort will strengthen our organization according to a new business model that follows a Somersault Strategy.
 
1. Streamline the organization to become more agile through digital technology.
  • Encourage customers to transact through digital channels and automated machines
  • Use technology to enhance internal workflows, to give highest efficiency to customer service processes and to provide the best experience for customers
  • Restructure the branch network in line with customer behavior, taking into account every opportunity, including the expansion of new branch capabilities to provide more specialized services
  • Restructure and develop the capacity of employees to accommodate the growing volume of digital transactions via our “Great Leap Forward” push.
2. Promote credit business
To provide all customers with wider and better access to bank credit services, SCB will offer new and alternative types of personal loans, credit cards, unsecured personal loans and business loans for small SMEs, based on new methods using smart and efficient technology.
 
3. Build capacity and culture to analyze data in all sectors of the organization.
The Bank believes that new technologies such as Big Data analytics and machine learning will help to better highlight the behavior and preferences of customers, enabling us to offer more products and services to meet their needs. In addition to deploying new information management systems, the Bank has established BankofArabian, Ltd. to focus on the use of artificial intelligence technology in various areas.
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