Masraf Al Rayan has won the “Best Arab Bank Award 2016” in its first edition launched in Marrakech, Morocco recently.
The nomination criteria for the business and financial services sector were based on several standards such as the degree of flexibility of the business model adopted, products and services marketing plan, financial and social return, the role and activities of the corporate social responsibility, risk assessment and mitigation processes, cumulative experience of senior management team and quantity and quality of decisions of members of the senior management team in responding to the challenges of local, regional and international business.
The top winners were chosen in many sub-categories including the financial services and energy sectors, food industry, transportation logistics sector, telecom, retail, healthcare, information technology, media and publishing, agricultural sector, research, insurance and real estate sector petrochemical sector of various Arabic countries.
Nasser Raeissi, Masraf Al Rayan assistant general manager (Human Resources and Administration), said: “Masraf Al Rayan is honoured to win this award and thankful to the organising committee on the initiative and idea of recognising and honouring leading Arab institutions in business and financial sectors, which will reflect positively on improving performance and service indicators to ensure competitiveness at local, regional and global levels”.
Previously, Masraf Al Rayan won many laurels including a certificate of thanks and appreciation from the GCC Council of Ministers of Labour at a celebration held in Riyadh during the 33rd session of the GCC Council to honour outstanding private sector companies.
Masraf Al Rayan was granted this certificate in recognition of its “outstanding efforts in achieving high employment rates in the provision of job opportunities for GCC citizens and localisation of job opportunities at the regional level.”
A Masraf Al Rayan executive receiving the u201cBest Arab Bank Award 2016u201d in Marrakech, Morocco.
