Alawwal Bank Collaborates With STC to Launch ‘Alawwal Qitaf’ Credit Card

Press release

Published August 13th, 2017 - 11:08 GMT

The collaboration between two leading Saudi institutions is designed to provide enhanced, value-added services to customers, by combining the strengths and product offerings from each partner.

Alawwal bank has announced a collaboration with Saudi Telecom Company (STC) on a new credit card offering.

The ‘Alawwal Qitaf’ credit card, powered by MasterCard, will give customers the benefit of earning Qitaf points on the STC Qitaf rewards program, on all local and international transactions.

The latest offering from Alawwal bank is Sharia-compliant, and comes in two segments ‘World and Titanium’. The ‘Alawwal Qitaf’ credit card is the latest addition to the bank’s extensive credit card portfolio, which includes a wide range of products, offering exclusive and diverse benefits to customers across the Kingdom.

Soren Nikolajsen, Managing director of Alawwal bank, said, “We are very proud of the partnership with STC and are looking forward to a long and fruitful relationship with the esteemed telecom provider. At Alawwal bank, we are constantly looking for the best ways to reward our loyal customers and such a prestigious partnership is a great way of giving customers rewards that really matter to them.”

The collaboration between two leading Saudi institutions is designed to provide enhanced, value-added services to customers, by combining the strengths and product offerings from each partner.

Background Information

Alawwal Bank

Over the years we have played an integral role in supporting the leaders of the Kingdom and the growth of the Saudi economy. We have always put our customers first and remain committed to improving their individual banking experiences by delivering service excellence and increasingly advanced technologies. We introduced the first smart credit card to the market, and continue to integrate new technologies at our branches and operations.

Our customers always feel secure in the knowledge that their money is in safe hands. Having maintained a strong capital base for the past 90 years, we are consistently among the Kingdom’s leading banks in earnings growth and return on average equity.

Company Profile

Saudi Telecom Company (stc)

We are a world-class digital leader providing innovative services and platforms to our customers and enabling the digital transformation of the MENA region