During GITEX GLOBAL 2024, Huawei recently signed a strategic cooperation agreement with Alinma Bank to accelerate digital transformation in the financial industry.

According to Industry sources, Alinma Bank, Saudi Arabia’s epicenter for dynamic, innovative, and Sharia-compliant banking and financial services, has been a partner of Huawei for several years. This new agreement marks a major milestone in their cooperation.
Jason Cao, CEO, of Digital Finance BU, Huawei, highlighted the strong relationship between Huawei and Alinma Bank. He stated, “Alinma Bank is a leading bank in the Middle East with a great vision. Huawei is looking forward to expanding this partnership to support Alinma Bank’s successful digital transformation with our technology, solutions, and global experiences.”
Trevor Liu , CEO, Saudi Representative Office, Huawei, stated: “Huawei will make every effort to support Alinma Bank with the best expertise of the team. We hope to better understand Alinma Bank’s needs and provide the most suitable solutions and services to accelerate Alinma Bank’s digital transformation.”
Yasser Aloufi, CIO of Alinma Bank, stated: “Huawei is our strategic partner. Since the beginning of cooperation several years ago in the field of IT infrastructure, we have been very satisfied with Huawei’s performance. We look forward to deepening cooperation with Huawei, which could extend from infrastructure to cloud solutions, and further evolve into a digital transformation partnership.”
Industry sources further added that Huawei leverages leading innovative technologies and extensive expertise to help clients succeed through open collaboration with financial institutions and ecosystem partners, always seeking new ways to create value for our customers. As of the end of September 2024, Huawei has served over 3,700 financial customers in over 80 countries and regions, including 53 of the world’s top 100 banks. Huawei has also established strategic partnerships with over 80 major banks, insurers, and securities firms around the world, becoming their trusted partner in digital transformation.