RIYADH – Arab National Bank (ANB) recently held a large conference for its corporate clients attended by representatives of Saudi and Gulf companies. The event was aimed sharing with the audience the latest economic trends locally and globally, and to showcase the latest innovative treasury, cash and trade banking solutions at ANB. Zahid Rahim, Head of Corporate Banking Group, spoke about the long-term relationship and strategic partnership that bonds the bank with its customers, and emphasized the importance of innovation and development to cope with the rapid economic changes worldwide. Trade, cash and treasury were the main three topics of the conference sessions. Mohammed Nasr Ullah, Head of Trade and Transactional Banking Solutions, highlighted the unique characteristics of the Saudi economy and its ability to cope with the recession. He also talked about existing and future trade solutions available from the bank. Rafi Halabi, Head of Transactional Banking Solutions, presented the development of payments and cash management solutions using online banking (eBusiness) being a reliable method to efficiently and securely manage bulk cash transactions. Halabi added that ANB will be launching soon highly competitive products in this domain. Asem Al-Shabani, Head of Treasury and Sales, presented ANB treasury services which are designed to be customer focused, and showcased the hedging strategies, which range from the most conservative to the most aggressive. He shared with the audience some practical hedging solutions for the foreign exchange rates fluctuation. Mohammed Al Dawood, Deputy Head of Corporate Banking Group, said the occasion is a significant platform to interact with clients and share with them the latest business updates and at the same time listen to their suggestions and feedback. Mitul Kotecha, Head of Global FX strategy (Credit Agricole), presented a holistic overview of the global economy and asset markets, speaking about the weak recovery from the recession in some European markets. – SG
