Skip to main content

Signal in the noise.

Contact Financial CEO: AI Creates New Job Opportunities, Group Ventures into SME Financing

John Saad, CEO of Contact Financial Holding, shared his insights on how Artificial Intelligence will become a crucial part of the job market within the next five years, emphasizing its role as a supportive tool rather than a job replacement. He also revealed Contact's application for a new license to provide financing for small and medium-sized enterprises (SMEs), marking a significant expansion for the group.

1 min read
Contact Financial CEO: AI Creates New Job Opportunities, Group Ventures into SME Financing

John Saad, CEO and Managing Director of Contact Financial Holding Group, emphasized that Artificial Intelligence (AI) has become a key factor in developing work environments and boosting employee efficiency. He stressed that AI serves as a supportive tool for humans, not a replacement, and predicted it will be a crucial element in the job market within the next five years. Saad's remarks were made during a roundtable organized by Contact Financial Holding Group to review the company's strategy, discuss its financial results, performance indicators, and future plans.

Related editorial

  • MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers

    Startups and Entrepreneurship

    MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers

    MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.

    Jul 22, 20261 min read
  • REVYN Launches UAE's First Resale Platform with No Seller Fees

    Startups and Entrepreneurship

    REVYN Launches UAE's First Resale Platform with No Seller Fees

    Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.

    Jul 22, 20262 min read
  • FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open

    The Market and The Economy

    FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open

    The Financial Regulatory Authority (FRA) has debunked recent social media rumors claiming the closure of non-banking financial company branches. The FRA clarified that the decision being circulated is an old one, dating back to October 2025, and specifically does not apply to the non-banking financial companies mentioned in the rumors. The authority assures the public that the sector is operating as usual.

    Jul 22, 20262 min read