SADAD Bahrain Signs an Agreement with Amakin

Bahrain Car Parks Company (Amakin) B.S.C., listed on the Bahrain Stock Exchange under the trading symbol (CPARK), and the number one provider of parking solutions in the Kingdom of Bahrain, announced the signing of an agreement with SADAD Electronic Payment System B.S.C (Closed), the leading company in the field of financial technology and payment solutions, in order to enable Amakin customers to pay electronically comfortably and easily through a secure channel, in line with the company's strategy for digital development.

The agreement was signed at the headquarters of Amakin by Mr. Tariq Ali Al-Jowder, CEO of Bahrain Car Parks Company, and Dr. Mohammed Refaat Al-Kashif, Board Member and acting CEO of SADAD Bahrain.

On this occasion, Mr. Tariq Ali Al-Jowder said: “We are pleased to announce the agreement with SADAD, as we are in a constant endeavor to activate our strategic plan to employ digital technologies and the latest technology solutions in parking services and move towards a better customer experience, and we look forward to launching this payment service through our digital application for phones which will be presented in the coming days.

Dr. Muhammad Refaat Al-Kashef followed by saying: "We are very pleased with our partnership with Amakin to provide innovative payment services, in line with the Kingdom's digitization strategy, and our endeavor to provide convenience to clients and their customers by providing safe and easy-to-use payment methods".

About Amakin:

Bahrain Car Parks Company (Amakin) B.S.C. was established in October 1981. It is a public company, listed on Bahrain Bourse since March 2006. It operates in the commercial and professional services sector and specializes in car parking management and real estate rental.

About SADAD:

SADAD is a leading FinTech company in Bahrain providing a comprehensive digital payment platform & implementing a variety of innovative products to make payments easier & convenient. Established in 2010, SADAD Electronic Payment System BSC is licensed and regulated as an Ancillary Payment Service Provider by the Central Bank of Bahrain. SADAD became known as a one-stop payment channel, offering customers an easy and user-friendly interface fully integrated with top entities across the Kingdom of Bahrain, providing customers with convenient payment methods. SADAD is (PCI-DSS) certified in recognition of its strict adherence to guidelines that safeguard consumers’ payment transactions through added reliability and security measures.