Saudi First Bank receives 7-star Innovative Organization certification
In a move reflecting its unwavering commitment to excellence and digital leadership, Saudi First Bank a historic milestone by receiving the Leadership in Innovation certification with a 7-star rating, the highest level awarded by the Certified Innovative Organization (CinOrg®) certification from the Global Innovation Institute (GInI). This achievement not only places the bank at the forefront of local financial institutions but also makes it the first bank in the entire region to receive this prestigious rating, further solidifying the Kingdom of Saudi Arabia’s position as a leading global financial center.
The transformation process and keeping pace with Vision 2030
This international recognition is the culmination of a long journey of strategic transformation undertaken by the bank, particularly following its historic merger, which has strengthened its competitive edge. This certification is especially significant when viewed within the context of the Financial Sector Development Program, a pillar of the Kingdom's Vision 2030, which aims to build financial institutions capable of innovation and global competitiveness. The Saudi First Bank's from a "Leader" rating in the 2023 assessment to a "Leader" rating in the December 2025 assessment reflects its institutional maturity and its rapid adoption of cutting-edge financial technologies (FinTech) to serve the national economy.
Innovation Center at Saudi First Bank: A nurturing environment for creativity
This achievement was no accident; it is the result of significant investments in digital infrastructure and human capital. The "First Innovation Center," launched by the bank in 2015, played a pivotal role in this success. The center has garnered six international innovation awards and received global laboratory accreditation. This integrated system has accelerated operations, enhanced collaboration between different departments, and created sustainable banking solutions that meet the evolving needs of customers in the digital age.
Dimensions of the economic and banking impact
Commenting on the achievement, Saeed Asiri, Chief Innovation Banking Officer at Alawwal Bank, affirmed that this accreditation is the culmination of years of systematic work to cultivate a culture of innovation. He noted that investing in national talent and sound governance has been instrumental in enhancing the bank's future readiness. This ranking is expected to raise the bar for competition in the regional banking sector, encouraging other institutions to adopt more innovative and sustainable business models, ultimately benefiting both the customer and the region's overall economy.
