In a significant step reflecting its commitment to its developmental and social role, the Chairman of the Board of Directors of Hadramout Bank, Sheikh Saeed Salem Bin Qurban, inaugurated yesterday, Sunday, the “Rawashn” service for providing essential needs through a deferred sale system. The launch took place during the opening of Rawashn Trading and Investment Company’s center, marking the beginning of a new phase of facilitated supply services aimed at alleviating living burdens on citizens and employees. The inauguration ceremony was attended by members of the Board of Directors of Hadramout Bank, Sheikh Fares Bin Hallabi, Dr. Rabee Bin Ali Al-Oubthani, and Mr. Murad Al-Tamimi, along with a number of community and executive leaders. Attendees were briefed on the mechanism of the “Rawashn” service and the flexible, interest-free deferred sale solutions it offers, in line with the requirements of the current economic situation. The launch of the “Rawashn” service comes as a result of the strategic partnership between Hadramout Bank and Rawashn Trading and Investment Company, enabling employees and citizens to obtain their essential needs before salary disbursement, with organized repayment later through the bank under a flexible and structured financial mechanism. Project officials emphasized that the “Rawashn” service represents a practical and advanced model of the social role of banking institutions, directly contributing to enhancing household living stability, reducing economic pressures, stimulating commercial activity, and supporting the local market. In the same context, Rawashn Company announced the organization of a Ramadan exhibition during the holy month of Ramadan, sponsored by the “Quroshi” wallet affiliated with Hadramout Bank. The exhibition will begin on February 9 and continue until the end of the month, offering essential goods at competitive prices with facilitated terms. The “Rawashn” service is provided through a modern digital platform that enables beneficiaries to manage their purchases easily via an application and electronic card, delivering an integrated experience that reflects the shift toward smart solutions and embodies Hadramout Bank’s vision of going beyond the traditional banking role to become an active partner in social and economic development.
