Saudi Awwal Bank, one of the leading banks in the Kingdom of Saudi Arabia, has partnered with noon, one of the region’s leading e-commerce platforms, to launch a first-of-its-kind co-branded Visa credit card with unique benefits.
Designed in line with modern digital shopping habits, the "SAB noon Visa credit card" is one of the leading cards in the region to offer an integrated digital experience. Combining everyday spending with meaningful rewards and benefits across noon’s platforms, the card helps customers unlock greater value from the services they use most.
Bandar Al-Gheshayan, Chief Wealth and Personal Banking Officer at SAB, said: "We are delighted to partner with noon, one of the leading e-commerce platforms in the region. This collaboration allows us to offer our customers an exceptional value proposition. We are witnessing rapid evolution in the e-commerce sector, and this partnership presents an opportunity to showcase our ability to provide the latest solutions to our customers. In alignment with Saudi Vision 2030 and the Kingdom’s digital transformation goals, we are contributing to a more dynamic and inclusive financial ecosystem. We anticipate a bright future of mutual success with our collaboration with noon."
Echoing the sentiment, Mosam Gadia, Senior Vice President of noon payments, said: "We are thrilled to join forces with SAB to provide our customers with great benefits, the latest of which is the e-commerce credit card we unveiled. This will empower our customers to save more and spend wisely when shopping online and save on delivery charges as well, with free noon One. We continue to focus on adding value and enhancing convenience for our customers as a priority, and this partnership reflects our ongoing commitment to that."
Commenting on the launch, Ali Bailoun, Senior Vice President and Group General Manager for Saudi Arabia, Bahrain and Oman at Visa, said: "Consumers increasingly expect seamless experiences that bring together shopping, payments, rewards, and everyday lifestyle spending. Through our partnership with noon and SAB, we are combining Visa's global payments expertise, technology, and analytics capabilities with one of Saudi Arabia's leading digital commerce platforms and SAB's extensive banking network and customer reach to deliver greater value to customers across the Kingdom.
Together, we are creating an innovative payments and rewards ecosystem designed to enhance everyday spending, deepen customer loyalty, and support the continued growth of Saudi Arabia's digital economy."
The SAB noon Visa Credit Card offers a range of benefits tailored to frequent online shoppers, including 10% cashback across noon platforms, including noon, noon Minutes, Food (Jahez via the noon app), Namshi, and Yammak Home Services, 2% unlimited cashback on international purchases, 1% unlimited cashback on domestic purchases, two years of complimentary noon One membership, a SAR 250 welcome bonus in noon credits, flexible installment plans up to 12 months at 0% profit on purchases above SAR 500 on noon and supermall.
All cashback is issued as noon credits, reinforcing a seamless, shopping experience within the noon ecosystem. Customers can get to know the card benefits through noon platforms, the SAB mobile banking app, or by visiting SAB branches.
This partnership further strengthens SAB's leading position in the banking sector as the bank continues to innovate and meet its customers' evolving needs through innovative digital solutions and enhanced customer experiences.
About SAB:
Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom’s economic growth and social development. SAB is one of the leading corporate and institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, equity and debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence.
SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury. SAB paid-up capital is SAR 20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank, and a partner of the HSBC Group.
About noon:
noon.com was founded with the objective of fostering an ecosystem of regionally based digital companies in order to secure the region's digital landscape's future. noon's mission is to provide customers and companies in the Middle East region with outstanding value and support. On December 12th, 2017, noon launched its consumer platform in the Kingdom of Saudi Arabia and the United Arab Emirates.
noon debuted in Egypt in February 2019 and has since evolved to become the largest online shopping destination in the Middle East. Primarily a digital e-commerce platform powered by in-house technological talent, noon has swiftly developed strong native capabilities throughout its marketplace, fulfillment, logistics, and payment systems.
