Albilad bank & TAQNIA Space sign agreement

Wednesday, August 16th, 2017

A joint cooperation agreement has been signed between Bank AlBilad and TAQNIA space which includes a long-term financing process to provide satellite Internet communications, voice communication and satellite TV reception services.

CEO of TAQNIA Space Eng. Abdullah bin Mohammed Al Osaimi mentioned that the partnership with Bank Albilad, which is one of the leading banks in the Kingdom for the localizing technology in the satellite field, which comes within the vision of 2030. He added that the technical solutions that will be provided by the company will be in the field of satellite communications and remote sensing is fully owned, which uses high-speed space communications (HTS) technologies to provide voice communication and and television reception services.