MEA Finance Awards 2020 announces region’s top performers in the banking, finance and technology industry

• The MEA Finance Awards 2020 received hundreds of submissions from banking and financial institutions and banking technology providers in the Middle East and Africa • Four individual awards were presented to top achieving industry leaders • Responsiveness to Covid-19 by banking and financial institutions was given recognition at the MEA Finance Awards 2020

The MEA Finance Awards 2020 honours leaders and organizations within the banking, finance, and financial technology sectors in the Middle East and Africa for their excellence, achievement, and leadership.

The awards programme, organized by MEA Finance Magazine, benchmarks and promotes excellence and stand-out performance in banking and finance. It gives due recognition to institutions that have navigated a very challenging socio-economic climate to continue the upward trajectory of the industry, and created innovative solutions to better serve their customers in one of the most trying times in recent memory.

Hundreds of entries were critically evaluated by a panel of judges comprising of prominent industry experts. 50 category winners have been chosen after a rigorous evaluation of their research and knowledge of the market, and assessment of all relevant company financial statements and achievements from the previous year.

In his welcome remarks, Kenneth Mitchen, Executive Director and publisher of MEA Finance Magazine, stated, “Today, we will honor leaders and organizations who have faced the challenges, embraced the change, and have maintained excellence throughout. MEA Finance Magazine is committed to highlighting these extraordinary examples of excellence as well as reporting the news that matters.”

MEA Finance Awards included 4 special individual awards honoring top industry leaders as well as awards for excellence in performance at the height of the Covid-19 pandemic when retail and corporate clients required reliable digital banking solutions for payment facilitation and cash management, and payment relief packages.

Here is the full list of the MEA Finance Awards 2020 winners:

Financial Services

  1. Best Retail Bank (UAE) – Mashreq Bank
  2. Best Retail Bank (Saudi Arabia) – Al Rajhi Bank
  3. Best Retail Bank (Bahrain) – Ahli United Bank
  4. Best Retail Bank (Egypt) – ADIB Egypt
  5. Best Islamic Bank – ADIB
  6. Best Commercial Bank (UAE) – Commercial Bank of Dubai
  7. Capital Markets Transaction of the Year – Odin Investments
  8. Best Global Bank in the Middle East – Standard Chartered Bank
  9. Best SME Bank – National Bank of Fujairah
  10. Best Takaful Provider – Noor Takaful
  11. Best Private Bank – GFH Financial Group
  12. Best Wealth Management Firm in the Middle East – BNP Paribas Wealth Management
  13. Best Investment Bank – NCB Capital
  14. Best Trade Finance Provider – The Saudi British Bank
  15. Best Transaction Banking – Standard Chartered Bank
  16. Best Cash Management Technology Provider – Infosys Finacle
  17. Best CSR Programme – Financial Institutions – Aafaq Islamic Finance

Covid-19 Responsiveness Special Awards

  1. Best Retail Response to the Covid-19 Crisis – Ajman Bank
  2. Best Commercial Response to the Covid-19 Crisis – Mashreq Bank

Investment Awards

  1. Best Private Equity Firm – Alkhabeer Capital
  2. Best International Real Estate Investment Firm – Walton International Group Limited
  3. Best Brokerage Solutions Provider – ADSS
  4. Best Investment Management Firm (UAE) – Century Private Wealth
  5. Best Investment Management Firm (Saudi Arabia) – Alkhabeer Capital
  6. Best Investment Management Firm (Bahrain) – GFH Financial Group

Service Providers to the Banking Sector

  1. Best Investment Consultancy Firm – Century Financial Consultancy
  2. Best Research & Consultancy Firm – KPMG
  3. Best Digital Transformation Consultancy Firm – Arqitek
  4. Best Ratings Agency – S&P Global Ratings


  1. Best Mobile Banking Solution (Saudi Arabia) – Bank Albilad
  2. Best Mobile Banking Solution (UAE) – Mashreq Bank
  3. Best Mobile Banking Solution Provider – Infosys Finacle
  4. Best Neo Bank – FAB – Payit
  5. Best Online Banking Service – Bank Albilad
  6. Best Cybersecurity Implementation – Help AG
  7. Best User-Experience – FAB – Payit
  8. Best Digital Transformation Technology Provider – Maveric Systems
  9. Best Digital Transformation (UAE) – Commercial Bank of Dubai
  10. Best Digital Transformation (Saudi Arabia) – Tayseer Finance
  11. Best Digital Transformation (Bahrain) – Ahli United Bank
  12. Best CSR Programme – Financial Technology Provider – DDCAP Group
  13. Best Payment Solutions – Edenred
  14. Best Payment Solutions Provider – Temenos
  15. Best Cybersecurity Provider – Trend Micro
  16. Best Communications Infrastructure Provider – United MakGroup & IPC
  17. Best Core Banking Service Provider – Temenos
  18. Best Digital Banking Innovation Provider – Avaya
  19. Best Islamic Finance Banking Software Provider – Path Solutions
  20. Best Islamic Fintech Solutions Provider – DDCAP Group for Ethos Asset Facilitation Platform
  21. Special Achievement in Digital Innovation – BPC

Leaders in Banking and Finance

51. Outstanding Leadership Award – Ebrahim Oboud Baeshen, Office Managing Partner, KPMG Saudi – Jeddah

  1. Banker of the Year – Hisham Alrayes, Group CEO and Board Member, GFH Financial Group
  2. Best Technology Executive of the Year for Financial Services – Mohammed Kateeb, Chairman & CEO, Path Solutions
  1. Best Technology Leadership Award – Ashar Nazim, Founder and CEO, Aion Digital