“Social Insurance” signed a memorandum of understanding with the Arab Bank to provide banking benefits to “Taqdeer” program customers


The General Organization for Social Insurance, in its headquarters in Riyadh, concluded a memorandum of understanding with the Arab National Bank, according to which the bank will provide special banking benefits to clients of the “Taqdeer” program, one of the Foundation’s initiatives, in the presence of His Excellency the Governor of the General Organization for Social Insurance, Mr. Muhammad bin Talal Al-Nahhas, and the Managing Director of the Arab National Bank Obaid Bin Abdullah Al-Rasheed.

The agreement was signed by Saud bin Sulaiman Al-Juhani, Assistant Governor of the Corporation for Insurance Affairs, and Othman Badr, Vice President of the Retail Banking Group, on the part of the Arab National Bank.

According to the memorandum, the Arab National Bank will join the list of strategic partners in the “Taqdeer” program, as a result of which the bank will provide banking benefits and periodic offers on financing products and credit cards to the “Taqdeer” program’s clients, including retirees and beneficiaries.

Mr. Al-Nahhas valued the joining of the Arab National Bank as a strategic partner for the “Taqdeer” program, which includes all retirees and beneficiaries of the public and private sectors, and what this will enable to enhance the system of financing solutions for the benefit of the program’s beneficiaries, stressing the keenness of the General Organization for Social Insurance to build strategic partnerships with various parties to provide benefits Exclusive for program customers.

For his part, Al-Rasheed stressed the bank’s keenness to strengthen the existing strategic relationship with the General Organization for Social Insurance, and to keep pace with its aspirations to enrich the services and benefits offered to its customers and to provide value-added banking facilities and solutions to the success of the “Taqdeer” initiative, and to enhance its dimensions and advantages.

It is noteworthy that the “Taqdeer” program is one of the initiatives of the General Organization for Social Insurance in appreciation of its retired clients and beneficiaries from the public and private sectors, and seeks to establish strategic partnerships with entities in the private sector to provide exclusive benefits to the program’s clients. The program is filled with more than 600 partners who offer offers and discounts in the various program tracks.

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