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With its strategic sponsorship of the Saudi Arabian Formula 1 Grand Prix 2024, Abdulaziz Al-Onaizan, CEO of Bank Albilad, has reaffirmed the bank’s dedication to the objectives of Vision 2030. This sponsorship reflects Bank Albilad’s commitment to enhancing customer experience through innovative banking products, seamlessly aligning with the Kingdom’s prestigious events, he said. Al-Onaizan expressed the bank’s pride in its support for globally acclaimed events, with a focus on improving the overall quality of life for all individuals.

Al-Onaizan highlighted the crucial role of sports in Saudi Arabia’s ongoing transformation, expressing the bank’s enthusiasm for contributing to the Saudi Ministry of Sports’ initiatives. These efforts aim to inspire communities and engage audiences, both domestically and internationally, he said.

Additionally, he highlighted Bank Albilad’s long-standing strategic partnership, now in its third year, with the Saudi Arabian Grand Prix, in collaboration with the Saudi Arabian Motor Federation and the Saudi Motorsport Company. This partnership underscores Bank Albilad’s commitment to strengthening the Saudi sports events industry and aligns with the objectives of Vision 2030, aimed at positioning the Kingdom as a premier global destination.

The CEO highlighted the popularity of the Saudi Arabian Grand Prix, noting its appeal both locally and globally as an opportunity for Bank Albilad to fulfill its banking objectives and effectively engage with its audience. “It enables meaningful engagement with the audiences, leveraging the Formula 1 race’s broad fan base of supporters and viewers via live broadcasts,” Al-Onaizan said. “This not only amplifies Bank Albilad’s visibility in financial and business markets but also enriches the understanding of customers and stakeholders of Bank Albilad’s prominent enterprises and innovative banking products.”

According to the bank’s statement, Bank Albilad’s guests enjoyed some of the most thrilling races, observing their favorite drivers up close as they reached speeds exceeding 252 km per hour. Throughout the three-day extravaganza, which took place from March 7-9, the bank hosted guests in the VIP lounge at the prestigious F1 Paddock Club, renowned for its exceptional sports hospitality and prime view of the start and finish line.

Moreover, an interactive lounge in the bustling fan zone catered to more than 4,000 attendees hailing from both within and outside the Kingdom, including VIPs, high-profile clients, industry moguls, and avid motorsports aficionados. 

Engaging interactive displays at the lounge captivated the audience, complemented by the distribution of numerous complimentary tickets to winners through Bank Albilad’s “Experience the Thrill” campaign, specially crafted for customers and Formula 1 enthusiasts following the bank’s social media channels.

Furthermore, as a testament to its unwavering commitment to social responsibility, the bank joined forces with the Saudi Motorsport Company and the Disabled Children’s Association to spearhead a community initiative within the fan zone at the karting race track, where Bank Albilad provided a dedicated go-kart for children, offering them the opportunity to embark on an enthralling racing adventure and discover a realm of excitement. Competitive financing packages were offered to cater to the diverse needs of all customer segments.

The Saudi Arabian F1 Grand Prix 2024 in Jeddah stands as one of the Kingdom’s largest sporting and entertainment extravaganzas. Featuring 20 drivers from 10 teams vying for both driver and manufacturer titles, this edition of the event unfolded at the Jeddah Corniche Circuit, acclaimed as the longest street circuit in Formula 1 calendar, boasting 16 left turns and 11 right turns, the highest number of turns on any circuit worldwide. The race, now in its fourth edition, witnessed a robust presence of car racing enthusiasts and tourists from across the globe, contributing positively to the tourism economy and showcasing the Kingdom’s tourist destinations, encouraging visitors to partake in diverse events.

Bank Albilad offers its services through an extensive network of over 150 branches nationwide. This network includes seven self-service centers strategically located in Riyadh, Jeddah, Dhahran, Jubail, Al-Kharj, and Yanbu, operating until 9 p.m.. Furthermore, the bank maintains a presence in residential areas in Riyadh, Jeddah, Alkhobar, and Madinah. In addition to its physical locations, Bank Albilad provides state-of-the-art electronic services accessible 24/7, such as “Albilad Net” via www.bankalbilad.com and the Albilad mobile app. To ensure seamless communication, the bank offers various channels for customer inquiries, including WhatsApp at +966920001002. Moreover, customers can connect with Bank Albilad through major social media platforms, including X, Facebook, Instagram, LinkedIn, and Snapchat, using the handle @Bankalbilad.

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