The National Bank of Bahrain (NBB) has signed a strategic agreement with Procural, a Bahrain-based digital procurement and tendering platform.
The collaboration supports NBB’s ongoing digital transformation initiatives to enhance efficiency, transparency and value across its procurement activities, said the bank in a statement.
Procural operates a cloud-based system that manages core sourcing functions, including e-tendering, supplier onboarding, bid evaluation and purchase planning.
Integrating the platform into NBB’s procurement framework will strengthen operational agility, elevate process governance and create a more streamlined channel for vendor interaction, it stated.
On the deal, Group Chief Operating Officer Nabeel Mustafa said: "This partnership represents an important step in our ongoing digitalisation journey. By adopting analytics-enabled procurement tools, we are enhancing the Group’s operational performance while establishing a modern, structured approach to vendor engagement."
The agreement reinforces NBB’s efforts to incorporate smarter, more effective operations that further benefit its partner and stakeholder ecosystem.
"It also reflects our commitment to supporting the Kingdom’s SME sector by making our procurement process more accessible to businesses of all sizes," he stated.
Uzair Usman, the Founder and Chief Executive Officer of Procural, said: "We are honoured to partner with NBB, a cornerstone institution within Bahrain’s financial services sector. By managing their sourcing activities through Procural, the Bank is building a transparent and accessible digital channel for suppliers."
"This partnership also expands NBB’s reach to a wider pool of suppliers, giving growing local enterprises the confidence to compete for opportunities in a leading national institution within a fair environment," he added.-TradeArabia News Service
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