29 April 2024
STC Bank showcases the latest Fintech solutions dedicated to serving Pilgrims

Riyadh, Saudi Arabia – April 28, 2024: STC Bank, made a significant contribution to the Umrah and Ziyarah Forum, organized by the Ministry of Hajj and Umrah in partnership with the Pilgrim Experience Program. The three-day forum, held under the patronage of the Prince of the Madinah Region, His Royal Highness Prince Salman bin Sultan bin Abdulaziz Al Saud, with the presence of His Excellency the Minister of Hajj and Umrah, Dr. Tawfiq bin Fawzan Al-Rabiah at King Salman International Convention Center in Madinah, brought together a wide range of local and international entities interested in the Hajj and Umrah sector and related services. STC Bank emphasized its commitment and alignment to the sector within Saudi Arabia’s Vision 2030.

The forum aims to showcase sustainable future solutions that would enhance the services provided to the pilgrims. STC Bank presented several advanced financial technologies designed to uplift the journey of Umrah performers and visitors to the two holy mosques and improve their experience in visiting the Kingdom. Additionally, the bank took part in various workshops that focused on the latest developments in digital solutions and their application in providing superior services to visitors of the Holy Mosque. The Chief Operating Officer of STC Bank, Mr. Mohammed Abdulaziz Alfraih participated in a discussion panel related to analyzing financial systems in organizing the Umrah and Hajj sector. During this session, Mr. Alfraih extensively discussed the advanced technological solutions for conducting international financial transfers specifically tailored for the Umrah and Hajj sector. Moreover, he also stressed that the advancement and improvement of digital financial measures and productive methods to simplify transactions are crucial within the company’s operating approach.

Mr. Alfraih, The Chief Operating Officer of STC Bank said: “STC Bank is committed to providing banking and financial solutions that comply with Sharia law, all while emphasizing security and customer protection using advanced financial technologies. STC Bank’s participation enriches the Saudi banking sector by combining traditional banking services with a digital-first, customer-focused approach. This strategy not only addresses the general needs of customers but also provides tailored solutions specifically for the pilgrims.”

post image