Bank AlJazira (A Saudi Joint Stock Company)

Climate Impact & Sustainability Data (2022)

Sponsored the Social Responsibility and Green Economy Forum under the title “The Road to Carbon Neutrality” to promote a culture of reducing carbon emissions.
Sponsored the “Environmental Conservation is a Pledge and a Promise” initiative, which contributed to promoting a culture of preserving the cleanliness of touristic wild parks.

Implemented more than 107 community projects in more than 40 cities, governorates and centers, resulting in more than 20,970 beneficiaries throughout the year 2022.
Launched a comprehensive transformation project for elevating the human capital’s culture in order to achieve the best work environment.
Increased the Saudization rate to reach 95.77%, in addition to enhancing women’s participation in the workforce, as the percentage of females increased to 21.3% during the past year.
Provided a set of professional development programs through training courses and specialized professional certificates. More than 326 training programs and 6,836 training opportunities were provided, with a total of 10,255 working days.

Established a system for sustainability at BAJ after the approval of the Board of Directors to issue annual sustainability reports.
Changed the name of the Social Responsibility Group to “Sustainability & Social Responsibility Group” and the Social Responsibility Committee to “Sustainability & Social Responsibility Committee”.
Updated the evaluation mechanism for measuring KPI in coordination with both the Human Capital Group and the Strategy & Digital Transformation Group.
Made necessary amendments to the relevant Board and Subcommittees’ terms of reference.

Challenges and difficult repercussions affecting the inflation rate and contributing to a significant decline in global growth.
Intense competition in the local market affecting profit margins in the money transfer business.
Rising interest rates negatively impacting the financial markets liquidity.

Implemented a well thought out capital enhancement strategy.
Put in place a robust liquidity management framework.
Implemented a comprehensive ILAAP (Internal Liquidity Adequacy Assessment Process) regime.
Adopted a robust, transparent and prudent approach towards Risk Management.
Focused on strengthening the Enterprise Risk Management function.
Successfully repositioned and aligned FAWRI Division by focusing more on digital Channels and enhancing customer experience.
Implemented strategic initiatives to support AJC’s leading position in brokerage.

Most Innovative Islamic Bank – Saudi Arabia 2022
Best CSR Bank – Saudi Arabia 2022
Bank AlJazira one of the best performing Financial Companies in CGI Corporate Governance
Most Innovative Islamic Retail Bank in Saudi Arabia 2021
IRBA Excellence Award for Islamic Digital Banking 2021
The Excellence in Digital Transformation Award 2021
Change Leaders Award for the Private Sector
Contact Center World Awards – Gold Medal and 1st rank in three Categories
Most Innovative Islamic Bank – Saudi Arabia 2019
Best Credit Card Offerings – Saudi Arabia 2019
Most Innovative E-Banking Platform – Saudi Arabia 2019
Award for being one of the Best Performing Companies in the Corporate Governance Index
Contact Center World Awards – Gold Medal and 1st Rank
Excellence Award in Syndicated Financing
Princess Sitah bin Abdulaziz for Excellence in Social Work National Achievement Award
Contact Center Awards – Gold Medal and First Rank
Critics Choice Best Islamic Digital Banking Award
Critics Choice Best Islamic Retail Banking Innovation Award
Best Customer Service Award Gold Medal and First Rank
Best Social Responsibility Program K.S.A. 2017
Critics Choice Best Islamic Retail Bank in Saudi Arabia 2017
Contact Center Award – Silver Medal Best Customer Service 2017
Best Customer Service, Abshir Baezzak Program
Most Innovative Personal Banking Provider, Saudi Arabia
Top Three Banks with the Highest ATM Performance and Cash Management