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Saudi Investment Company (SAIC) signs integration agreement with cycling sports sector

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The Saudi Investment Bank has signed a partnership agreement with the Saudi Cycling Federation, aimed at promoting cycling and supporting efforts to advance the sport, most notably by utilizing the «Flex Bike» stations established by the bank, which are the first of their kind in the Kingdom. The agreement covers several provisions, the most important of which is a comprehensive partnership with the «Saudi Cycling Federation» to combine efforts in support of this healthy sport.
The automated system provides the station with electronic tracking that includes registration and billing via credit card. Upon registration, users can view all available bikes at each location and locate the nearest bike station, The system is also multilingual and features a secure and simple method for transactions and payments.
It is worth noting that the Flex Bike stations, established by the bank to support its commitment to social responsibility and sustainability, operate using environmentally friendly solar power systems and are managed electronically, Users can access the bicycles at the station via a dedicated smartphone app available on the bank’s website, which is easy to use and highly accurate.