Some of the prominent winners of the International Finance Awards 2022 include Retal Urban Development, Zain Kuwait, Zain Iraq, ccc by stc, Saudi Tharwa, National Investment Company K.S.C.P, Al Ahli Bank Of Kuwait K.S.C.P, Emirates NBD – KSA, Ahli United Bank Kuwait, Al Qassim National Hospital, King Hamad University Hospital, Saudi Fransi Capital, Masraf Al Rayan, Aljazira Capital, Kuwait Insurance Company, Asia Insurance, Co. Operative Insurance Society, Digitize, Yalla Technology FZ-LLC, Gateway for Communications Ltd, Saudi Ground Services Company, Qterminals, Batic For Investment and Logistics, Arabian Drilling, and Facilities Management & Maintenance Company.

After winning the ‘Fastest Growing Urban Development Company – Saudi Arabia 2022’ award, Retal Urban Development said, “Within two years we have managed to do great projects in Saudi Arabia. We were able to grow the residential and commercial sectors in Saudi Arabia. Saudi Arabia’s Vision 2030 main agenda is to grow home ownership to 70%, and we are there as one of those arms for the government to increase that number”.

During an interaction with International Finance, Arabian Drilling, a drilling oil and gas wells company in Saudi Arabia, shared their joy of winning multiple honours at the prestigious IF Awards.

Arabian Drilling said, “We feel very humble and honoured to have emerged as a winner for not one, but two awards at the International Finance 2022.”

Arabian Drilling was recognized as the ‘Best Drilling Contractor – Saudi Arabia 2022’ and the ‘Most Innovative Drilling Company – Saudi Arabia 2022’ at the award ceremony.

The company said that the awards are a testimonial to the epic transformation journey they had last year. The company also said there are many more innovations to come in future.

“We think that when it comes to drilling, the innovation is not about a year, but it’s how we’re going to be drilling in the next ten to 20 years. It is all about digitalization and mechanization, and we are focusing on upgrading it as people in the drilling industry face high atmospheric pressure, high temperature, heavy loads, so it remains a bit of a dangerous place,” Arabian Drilling added.

Egypt-based company ‘DIGITIZE for Investment and Technology’ bagged two awards. They were recognized for being the ‘Best Emerging CEO – Technology – Egypt 2022’ and ‘Most Innovative Enterprise Digital Transformation Solution Provider – Egypt 2022’. The company’s CEO Mr. Yousry Atlm received these awards at the ceremony.

Meanwhile, Fly Baghdad, an Iraq-based airline won the award for the ‘Best Local Airline – Iraq 2022’.

Fly Baghdad Creative Director Sarah Bayati said, “We are so happy and very thankful for this award. This gives us a lot of pressure to give the best that we have for our customers and our passengers. We are working 24/7 to provide the best services for our passengers and I hope we can win another award from International Finance next year.”

International Finance, a leading provider of business media services, began its journey in 2013 with the goal of recognizing industry talents, leadership skills, net worth, and capabilities on a global scale. It made headlines in 2014 when it introduced its first flagship programme in London. International Finance’s diligent research and development team assisted the latter in identifying the top corporate talent and rewarding them on the strength of their applications and prior achievements.

When considering nominations, International Finance gives preference to C-Level executives and senior management representatives in the financial, banking, asset management, brokerage, insurance, energy, oil & gas, logistics, and utilities sectors from the Middle East, Asia, Europe, and Africa.

In 2016, Southeast Asia became the second venue for the International Finance Awards, while in 2018, the company touched the 400 mark in dignitaries attending these award ceremonies. The award ceremony gives opportunities to corporate leaders to build networking with other like-minded ventures. International Finance foresees a future where passion meets excellence.

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Discussions are at an early stage and the decision to sell will only be made after a review of Aviva’s Asia business, which is expected to be completed by the end of the current quarter.

According to reports, several rival insurers have already shown interest in Aviva’s insurance division in Asia. However, some potential bidders would only want to acquire parts of the division.

Aviva’s insurance businesses in Asia including China, Hong Kong, India, Indonesia, Singapore, and Vietnam have recorded a 26 percent rise in operating profit in 2018, with Singapore contributing nearly half of it. It is noteworthy that, only Singapore and Vietnam are wholly-owned businesses.

The company has more than half of its customers outside the home market. The insurer has 885,000 clients in Singapore.

According to JP Morgan, a sale would be a step in the right direction to improve the structure of Aviva’s business and would likely net the insurer around $1.82 to $2.42 billion.

Earlier in March, Aviva appointed Maurice Tulloch as its chief executive. The insurer is expected to go through an overhaul. It has already announced a restructuring of its UK operations in June, aiming to save $362.82 million.

In recent years, Southeast Asia has emerged as a promising market for global investors due to low penetration of insurance and fast growing economies.

Recently, an Aviva sponsored survey revealed that just one in five households in rented accommodation has life insurance, compared to three out of five of their home-owning counterparts with a mortgage.

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