Best Najib, CEO and Managing Director of SAIB, participated in the first annual Arab Forum for Artificial Intelligence, which was held at the branch of the Arab Academy for Science, Technology and Maritime Transport in New Alamein from 27 to 28 August 2025, under the auspices of the Secretary-General of the League of Arab States, Dr. Ahmed Aboul Gheit.
The forum highlighted the pivotal role played by the institutions and organizations of the Arab Joint Action of the League of Arab States related to artificial intelligence in supporting, activating and implementing the provisions of the Arab Initiative for Artificial Intelligence.
Afzal Naguib, CEO and Managing Director of SAIB, said that AI represents a revolution in the areas of compliance, compliance and governance in banks, as it can enhance the ability of traditional banks to combat credit risk, by analyzing huge amounts of data quickly and accurately, predicting credit risk more accurately, simplifying processes, improving decision-making in banks, as well as identifying the behavior of customers and sectors that are most attractive to them, which helps banks to provide appropriate offers, and also the possibility of replacing jobs.
He explained that artificial intelligence is able to detect hidden patterns that may not be noticed by the credit analyst, which contributes to a more accurate risk assessment, and paves the way for a more comprehensive financial system, taking into account the need to feed artificial intelligence accurate data periodically to reach sound results can be built on in making credit decisions.
He also said that attention to artificial intelligence must be combined with the qualification, training and education of employees on how to use and monitor, as the monitoring of artificial intelligence decisions is less important than its uses to avoid the surrounding risks that may occur from providing biased or wrong data leading to biased decision-making.
This came during the third session of the forum, which came under the title: «The role of Arab financial institutions in activating and implementing the Arab Initiative for Artificial Intelligence»Headed by Mohamed El-Atraby, Chairman of the Union of Arab Banks and Chairman of the Union of Egyptian Banks, in the presence of Fadiq Najib, CEO and Managing Director of SAIB.
The Secretary-General of the League of Arab States, Ahmed Abu Gheit, Dr. Amr Talat, Minister of Communications and Information Technology, Mohamed Abdellatif, Minister of Education and Technical Education, numerous senior Arab officials and members of the diplomatic and consular service of the Arab Republic of Egypt, also participated in the Forum.
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