Riyadh: In a strategic move, American Express Saudi Arabia has forged a partnership with Almosafer, a leading travel firm in the nation, to offer corporate clients of Almosafer Business the ability to centralize their payments using American Express’s Corporate Travel Account (CTA). This initiative aims to streamline and provide transparency in corporate travel spending.
The American Express CTA offers a centralized virtual payment solution that simplifies the management of business travel activities. It also assists in enhancing cash flow and providing clear insights into travel expenses. It affords companies increased command over travel expenditures and simplifies reconciliation with a single monthly statement and detailed reporting.
Fahad Mubarak Al Guthami, Chief Executive Officer at American Express Saudi Arabia, shared his perspective on the collaboration: We are dedicated to introducing innovative products and services in the Kingdom through pivotal partnerships with eminent businesses and financial institutions, thus improving payment solutions for our patrons. We are eager to serve the customers of Almosafer Business, introducing them to the convenience and wide-ranging features of our CTA Travel Payment solution.
Adding to the conversation, Muzzammil Ahussain, CEO at Almosafer, remarked: This collaboration will deliver a priceless solution to our corporate clientele that guarantees a more streamlined, personalized business travel experience. It demonstrates our commitment to facilitating effortless travel for our customers globally and to raising the bar for corporate travel in the Kingdom.
About American Express® Saudi Arabia
As a joint venture equally owned by Amex (Middle East) BSC© and The Saudi Investment Bank, American Express Saudi Arabia is responsible for managing the American Express Card and merchant business within the Kingdom. The company’s establishment in 1999 was a significant step in the growth of the American Express Brand in Saudi Arabia. By combining the expertise of American Express with The Saudi Investment Bank, they have significantly enhanced the services offered to American Express Cardmembers and merchants in Saudi Arabia.