Shein unveils 2024 CSR roadmap for Saudi Arabia

Shein unveils 2024 CSR roadmap for Saudi Arabia
Shein sponsored 5,000 school supplies to benefit 3,000 primary school students from underprivileged families.
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Updated 09 January 2024
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Shein unveils 2024 CSR roadmap for Saudi Arabia

Shein unveils 2024 CSR roadmap for Saudi Arabia

Shein, the global online retailer of fashion, beauty, and lifestyle products, has announced its corporate social responsibility roadmap for 2024. The company aims to contribute to poverty alleviation, holistic child development, and the promotion of women’s empowerment and gender equality.

For this year, Shein has outlined a series of initiatives designed to create tangible benefits for communities. This includes active participation in Ramadan donation campaigns, back-to-school drives, and warm winter initiatives. The goal is to support education and extend assistance to those in need. Additionally, Shein will return as a sponsor for the October Breast Cancer Month event organized by charity organizations, building on the success of its involvement last year.

The announcement builds on the achievements of Shein’s CSR cycle for 2023, marked by impactful campaigns such as the ongoing “Powered by Love” CSR program. This initiative, dedicated to increasing awareness of autism, will extend into 2024.

In collaboration with the Charitable Society of Autism Families, Shein donated SR400,000 ($106,660) to support the rehabilitation of 20 children with autism spectrum disorder. Launched officially in March 2023, the program gained momentum during Autism Awareness Month in April with the creation of the socially-responsible clothing line, Shein X Autism Heroes. This collection was introduced during Ramadan and celebrates diversity and inclusion by featuring artworks from autistic designers, with 50 percent of sales dedicated to supporting educational resources for children with autism and their families.

Key highlights from Shein’s 2023 CSR initiatives include the “Be Their Warmth” winter campaign in partnership with Emirates Red Crescent, where Shein donated clothing to refugees and displaced persons from more than 30 countries. In support of the Purple Saturday initiative organized by the Saudi Authority for the Care of Persons with Disabilities, Shein provided a 20 percent discount to disabled individuals in Saudi Arabia as they shopped on its platform. The company is poised to return as a participant in the Purple Saturday Campaign in 2024.

Shein also collaborated with the Saudi nonprofit organization E7twa22, sponsoring 5,000 school supplies to benefit 3,000 primary school students from underprivileged families. This partnership extended to the Saudi Warm Winter Campaign, with Shein donating 5,787 pieces of winter clothing and household items to assist low-income families.

“Shein remains committed to driving positive change through its CSR initiatives, reflecting its dedication to social responsibility and community welfare globally,” the retailer said in a statement.


Amazon’s 11.11 sale offers unmissable deals for shoppers in Saudi Arabia

Amazon’s 11.11 sale offers unmissable deals for shoppers in Saudi Arabia
Updated 11 November 2024
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Amazon’s 11.11 sale offers unmissable deals for shoppers in Saudi Arabia

Amazon’s 11.11 sale offers unmissable deals for shoppers in Saudi Arabia

Get ready to shop deals, and save more — Amazon.sa has revealed an array of incredible deals and offers for its upcoming 11.11 sale, helping shoppers maximize their savings potential like never before. Taking place on www.amazon.sa/double11, the 11.11 sale runs until Nov. 12, with KSA Prime members enjoying early access to the sale from Nov. 7.

Delivering exceptional value, the 11.11 sale offers thousands of deals across all product categories on Amazon.sa including everyday essentials, electronics, home, kitchen, fashion, beauty, grocery, and Amazon devices, as well as items from Amazon US, UK, and Germany via the Amazon.sa Global Store. Deals span top local and international brands, such as Philips, Black+Decker, LG, Samsung, JBL, Marshall, Xiaomi, Honor, eufy, BOSS, Lacoste, Coach, Nivea, Maybelline, Sketchers, Crocs, adidas, Lego, Barbie, illy, Tilda, Maggi, Almarai, Nestlé, Hershey’s and Omo. Customers can also support local businesses via a specially curated “Shop Local” collection available at www.amazon.sa/SMB featuring incredible deals on a wide selection of products crafted by local small and medium-sized businesses across the Kingdom.

Abdo Chlala, country manager, Amazon Saudi Arabia, said: “Our annual 11.11 sale is an exciting start to the year-end shopping season, and this year is no exception. We’re bringing customers across the Kingdom even more value with thousands of can’t-miss deals from top brands, additional discounts through our banking partners, as well as a wider selection of flexible and affordable payment plans with the addition of Tamara as our latest “buy now, pay later” option for split payments. Prime truly is the best way to enjoy Amazon, and we are thrilled to continue offering Prime members exclusive benefits to help them save big this 11.11 with exclusive early access to deals, instant bank discounts, and free delivery options.”

Maximize 11.11 savings with Prime 

After getting a headstart on the 11.11 sale with exclusive early access from Nov. 7, the savings will continue for Prime members with free same-day and one-day delivery, free international delivery, and exclusive instant bank discounts. 

The 11.11 sale is the perfect time to join Prime on www.amazon.sa/prime for only SR16/month, or by saving with an annual membership for just SR140/year. Prime continues to be the best way to enjoy Amazon, during key shopping moments like the 11.11 sale, and year-round through the full set of shopping and entertainment benefits including free delivery, Prime Video and Prime Gaming.

11.11 deals on Amazon.sa 

Here are some of the best 11.11 sale deals shoppers in Saudi Arabia can expect:

Electronics

  • Save up to 45 percent on fitness tracker watches and rings from Fitbit, Xiaomi, and Oura
  • Save up to 44 percent on wireless headphones, microphones and speakers from Sony, Jabra, Soundcore, FIFINE, JBL, Marshall, Xiaomi, and Bang and Olufsen
  • Save up to 35 percent on mobile phones from Samsung, Honor, and Infinix 
  • Save up to 35 percent on cameras, projectors and accessories from BYINTEK, GoPro Olympus, and DJI
  • Save up to 25 percent on power banks, adapters and charging accessories from Belkin, Anker, Ugreen, and Necomi

Gaming and toys

  • Save up to 35 percent on toys and electric scooters from Baribe, Lego, and Hiboy
  • Save up to 28 percent on PlayStation, monitors, consoles and headsets from Sony, ASUS, Samsung, and LG

Amazon devices

  • Save up to 47 percent on Ring devices
  • Save up to 32 percent on Kindle devices 

Home and kitchen

  • Stock up on everyday essentials with deals from brands including illy, Tilda, Almarai, Nestlé, Evian, Maggi, Bayara, Hershey’s, Betty Crocker, Nature Valley, Kleenex, Dettol, and Omo
  • Save up to 50 percent on coffee machines from De’Longhi
  • Save up to 43 percent on air fryers and cooking sets from Ninja, Philips, Nutricook, Black and Decker, and Tefal
  • Save up to 35 percent on vacuum cleaners and mops from Hoover, roborock, and eufy 
  • Save up to 32 percent on refrigerators, washing machines and cookers from Panasonic, Nikai, Arrow, and Clikon 
  • Save up to 22 percent on air purifiers, dehumidifiers and ionic shower heads from Philips and blu 

Beauty, health, and self-care

  • Save up to 50 percent on beauty products from CeraVe, Cetaphil, Bioderma, Vichy, The Ordinary, Vaseline, Palmer’s, Rimmel, Revlon, Nivea, Neutrogena, Maybelline, and NYX
  • Save up to 50 percent on perfumes from Dior, Givenchy, Yves Rocher, and Jaguar
  • Save up to 49 percent on hair products from Shea Moisture, L&Wen, Schwarzkopf, Redken, Olaplex, and L’Oréal 
  • Save up to 33 percent on sports machines and devices from Sparnod Fitness
  • Save up to 20 percent on personal care devices including electric toothbrushes and hair straighteners from brands including Philips and TYMO

Fashion

  • Save up to 50 percent on watches from Coach, Tommy Hilfiger, and Seiko 
  • Save up to 50 percent on eyewear and bags from Ray-Ban, Guess, Ted Baker, and Carrera
  • Save up to 50 percent on apparel from Levi’s, Lacoste, BOSS, and Tommy Hilfiger 
  • Save up to 50 percent on shoes from Sketchers, Crocs, and adidas 
  • Save up to 17 percent on sports clothes from Roadbox, CRZ YOGA, and adidas

Additional ways to save this 11.11

  • Instant bank discounts: Customers on Amazon.sa using Mastercard and SAB cards can enjoy additional discounts for eligible purchases, T&Cs apply.
  • Buy now, pay later: Customers on Amazon.sa can enjoy hassle-free and affordable shopping during 11.11 with Tabby and Tamara, offering the convenience of split payments with interest-free installments.
  • Installment plans: Customers in the Kingdom can also opt for zero percent installment plans for eligible purchases, available from a wide range of banking partners upon checkout, allowing them to pay for their 11.11 orders on Amazon.sa in more affordable and easy monthly installments, T&Cs apply.

Get ready for the 11.11 sale on Amazon.sa

Thanks to Alexa, customers in Saudi Arabia can ask when the sale event is taking place, by simply saying “Alexa, when is 11:11?” in English or Arabic, to be reminded of the dates. 


Luxury redefined: VZ Bespoke committed to Saudi Arabia’s Vision 2030

Luxury redefined: VZ Bespoke committed to Saudi Arabia’s Vision 2030
Updated 10 November 2024
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Luxury redefined: VZ Bespoke committed to Saudi Arabia’s Vision 2030

Luxury redefined: VZ Bespoke committed to Saudi Arabia’s Vision 2030

As Saudi Arabia embarks on a historic transformation under Vision 2030, VZ Bespoke is positioning itself as a key player in the Kingdom’s evolving luxury, tourism, and entertainment sectors. Co-founders Andrea Zagatti and Alberto Verdulli bring over 15 years of experience serving ultra-high-net-worth individuals, celebrities, and royals, aligning their bespoke services with Saudi Arabia’s vision to diversify its economy and elevate its global standing.

Built on a Michelin three-star philosophy, VZ Bespoke redefines luxury with tailor-made experiences, concierge solutions, and exclusive access to the most precious black book in the world. Focused on delivering elite services, VZ Bespoke is set to make a significant impact on the Kingdom’s luxury tourism industry. “Saudi Vision 2030 is reshaping the Kingdom’s economy and culture, and we see a tremendous opportunity to contribute to its growth,” says Zagatti. The company’s bespoke services — from luxury tourism to exclusive entertainment — are perfectly suited to Saudi Arabia’s evolving landscape.

Elevating Luxury Tourism

Tourism is a key pillar of Vision 2030, with Saudi Arabia aiming to attract global visitors through its rich cultural heritage and future mega-projects. VZ Bespoke, with its expertise in curating ultra-luxury experiences, is well-positioned to cater to the needs of discerning travelers. Zagatti said: “Saudi Arabia is becoming a top destination for luxury travelers. We create experiences that are not just luxurious but also deeply rooted in the Kingdom’s culture.”

In alignment with Saudi Arabia’s vision, VZ Bespoke is exploring partnerships with top entities involved in the Kingdom’s most ambitious projects, such as Red Sea Global and NEOM. Verdulli said: “Our close collaboration with key stakeholders allows us to provide unique, high-end experiences, ensuring our clients experience Saudi Arabia in a way that is both luxurious and reflective of its remarkable transformation.”

Sports, Entertainment and F&B

Vision 2030 places a strong emphasis on sports and entertainment development, and VZ Bespoke is contributing to this sector by bringing world-class events to the Kingdom. “We organize private concerts, exclusive dinners, and VIP experiences. Saudi Arabia’s ambitious agenda in sports and entertainment aligns with what we do best — creating unforgettable, high-profile events,” said the founders.

In addition to curating elite experiences, VZ Bespoke is uniquely positioned to introduce innovative concepts and projects that can further boost Saudi tourism, reinforcing its status as a premier destination for luxury and entertainment. “We have access to incredible ventures eager to launch in the Kingdom, and we’re excited to bring these pioneering ideas to Saudi Arabia,” said Zagatti. Whether it’s VIP access to sold-out events or exclusive meet-and-greet opportunities, VZ Bespoke ensures that their clients enjoy only the most elite, tailored experiences while contributing to the country’s ambitious vision for the future.

Exclusive Memberships

At the core of VZ Bespoke’s offerings is an exclusive membership program that delivers personalized lifestyle management for UHNWIs, crafted uniquely for each client. “Our memberships are entirely bespoke, tailored to the needs of each client,” said Zagatti. The VZ Private Membership, limited to just 12 clients per year, offers a tailored experience including bespoke travel, private VIP events, access to exclusive off-market assets, and high-level personal solutions. With a £25,000 ($32,490) entry fee and an annual membership fee of £25,000 credited toward services, members gain access to VZ Bespoke’s coveted “black book” of strategic opportunities.

For the elite few, the VZ Corporate Membership extends these luxury services to top clients and executives in select corporations, including private banks, law firms, and family offices. Limited to only six corporate memberships annually, this tier provides access to rare events, asset sourcing, bespoke travel, and priority event coordination, all customized to the firm’s specific portfolio. Membership fees are tailored based on service needs, operating as a credit pool for flexible access.

At the pinnacle, the VZ Club is a sanctuary of privilege, limited to one member each year. With a 1-million-pound entry fee and annual membership, this tier offers boundless, all-encompassing support from VZ Bespoke’s “black book” and a world of bespoke experiences and strategic introductions. Entry to any VZ Bespoke membership is by invitation or referral only, creating a highly curated, exclusive community.

Aligning with Vision 2030

As Saudi Arabia forges ahead with its bold Vision 2030, VZ Bespoke is set to be a driving force in the Kingdom’s remarkable transformation. “We’re not just delivering luxury services — we’re defining the future of opulence and exclusivity in Saudi Arabia,” said Zagatti. From ultra-exclusive tourism to cutting-edge solutions and innovation, VZ Bespoke is deeply aligned with the Kingdom’s ambitious vision, elevating every experience to new heights of sophistication.

Verdulli added: “Vision 2030 is the perfect marriage of ambition and opportunity. We’re thrilled to be part of this groundbreaking journey and are committed to reshaping what luxury means in Saudi Arabia, setting a new global standard.”


EY explores how economic expansion drives tax transformation in KSA

EY explores how economic expansion drives tax transformation in KSA
Updated 10 November 2024
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EY explores how economic expansion drives tax transformation in KSA

EY explores how economic expansion drives tax transformation in KSA

EY hosted the KSA Annual Tax and Zakat Seminar 2024 in Riyadh, Jeddah and Alkhobar to guide Saudi businesses in navigating the Kingdom’s evolving tax landscape. The latest edition of the event provided an overview of the significant developments in the Saudi tax system that have taken place over the last 12 months as well as the expected changes that are likely to be introduced in the country’s tax laws and regulations. 

The seminar leveraged the knowledge and practical experience of EY’s senior Saudi tax experts, supported by the company’s regional and global leaders. A panel of experts were assembled for the event to provide various insights to help participants achieve an optimal tax position whilst remaining compliant in response to the market trends and tax developments. The participants discussed best practices and the issues they are facing as taxpayers.

The sessions covered all taxes that are currently imposed in Saudi Arabia, including direct and indirect taxes as well as sustainability-related considerations. Topics discussed also included the long-awaited tax rules for regional headquarters, issued by the Zakat, Tax and Customs Authority in February 2024, which grants a 30-year tax incentive to multinational companies that establish their RHQs in Saudi Arabia. 

The agenda also explored the initial public offering journey from a tax perspective and examined the intricacies of setting up a proper tax function, highlighting the role of tax technology, such as automation and AI. EY has a robust AI strategy in place to augment the services it provides to address the dynamic challenges of the modern world. The strategy reflects the company’s unwavering commitment to creating new value for its clients and empowering them to shape the future with confidence. 

Asim Sheikh, a Saudi tax market segment leader at EY, said: “At EY, we realize that organizations thrive on certainty. As taxes across the region become more complicated and diverse, businesses must keep a laser focus on defining the internal procedures which get them the right results. The insightful interactions at our Annual Tax and Zakat Seminar seek to help our existing and potential clients mitigate tax risks arising from non-compliance while maximizing opportunities, such as tax reliefs and benefits. We want to make sure that taxpayers feel comfortable in terms of fulfilling their obligations. The event also aims to drive home the message that tax must assume a strategic importance in the organization to avoid any potential surprises and that it must be viewed as seriously as any other business function.” 

As the largest economy and the only G20 country in the Middle East, Saudi Arabia has a highly advanced tax system. The Kingdom’s tax landscape is evolving in line with its Vision 2030, especially with regard to its goal of diversifying the economy away from hydrocarbons, which requires creating an enabling environment for foreign investment. ZATCA is proactively working to bring the three C’s — clarity, certainty and consistency — into the tax regulatory environment. ZATCA has issued new guidelines that make the application of the rules easier for taxpayers. Meanwhile, fundamental changes are being proposed to existing legislation to align it with international standards in areas such as base erosion and profit shifting pillar 2 as well as minimum taxation.

EY’s flagship Annual Tax and Zakat Seminar in Saudi Arabia is complemented by a series of targeted webinars throughout the year to address the latest changes to the Kingdom’s tax and zakat laws. 

Earlier this year, EY announced the relocation of its regional headquarters to Riyadh in support of Saudi Vision 2030. By positioning its regional operations in the heart of the Kingdom, the company seeks to enhance service delivery, leverage local talent and foster closer collaboration with clients and stakeholders in the region. 


Line Investments & Property sweeps 21 awards at MECS+R MENA 2024

Line Investments & Property sweeps 21 awards at MECS+R MENA 2024
Updated 10 November 2024
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Line Investments & Property sweeps 21 awards at MECS+R MENA 2024

Line Investments & Property sweeps 21 awards at MECS+R MENA 2024

 

Line Investments and Property SP LLC, a subsidiary of LuLu International Holding, has announced its outstanding success at the MECS+R Shopping Center and Retailer Awards 2024. The company’s portfolio of malls earned a total of 21 prestigious awards, solidifying its leadership in the retail and property management industry across the MENA region.

These awards highlight the company’s dedication to excellence in innovation, design, customer engagement, and sustainability within its shopping destinations. Each local and regional accolade reflects the strategic efforts by Line Investments and Property to enhance the shopping and lifestyle experience for millions of visitors.

Gogi George, general manager of projects and leasing at LuLu International Holding, Oman, said: “The MECS+R regional accolades underscore our steadfast commitment to delivering world-class projects that merge global standards with regional relevance. We are proud of our accomplishments and will continue striving for excellence in every aspect of our developments.”

Nemil Nazeer, general manager of LuLu International Holding, Saudi Arabia, said: “Receiving such significant recognition on a regional scale validates our strategic vision and hard work. It reinforces our commitment to creating sustainable and innovative retail environments that uphold the highest standards of quality and customer satisfaction.”

Sanju Philip, commercial executive at LuLu International Holding, Qatar, added: “The MECS+R awards are a powerful acknowledgment of our relentless drive to establish new benchmarks in the industry. It is inspiring to see our collaborative efforts recognized, and we remain dedicated to delivering excellence and innovation across all our projects, particularly in the dynamic retail landscape of the GCC countries.”

Praveen C. Y., CSM, CAMP, general manager of shopping mall management, Bahrain, said: “The MECS+R awards underscore our dedication to crafting vibrant and inclusive retail spaces that resonate with our diverse community. This recognition reflects our team’s commitment to elevating the shopping experience in Bahrain, and we look forward to continuing our journey of innovation and excellence in every project.”

Awards won by Line Investments and Property

Gold Winner Award

  • Sustainability Excellence Award — Sustainability efforts at Forsan Central Mall
  • Marketing Excellence Awards — Treasure hunt, Al-Wahda Mall

Silver Winner Award

  • Sustainability Excellence Award — Al-Khor Mall, Qatar
  • Design and Development Award — Al-Falah Central Mall
  • Marketing Excellence Awards — Operation Smile, Al-Wahda Mall
  • Marketing Excellence Award — Slow Cycle Race, Mushrif Mall
  • Marketing Excellence Award — Sustainability efforts at Forsan Central Mall
  • Marketing Excellence Awards — Motorshow, Al-Wahda Mall
  • Marketing Excellence Award — Bramayugam movie trailer launch, Al-Wahda Mall
  • Sales Promotions — Food Fiesta Season 2, Mushrif Mall
  • Marketing Excellence Award — Mall Millionaire 3.0, Line Investments and Property 
  • Marketing Excellence Award — Food Fiesta 2.0, Mushrif Mall
  • Marketing Excellence Award — Line Investments and Star Cinema, Line Investments
  • Marketing Excellence Award – Indoor Family Run, Silicon Central
  • Marketing Excellence Award — Petting Zoo, Sharjah Central
  • Marketing Excellence Award — Celebrate Eid with Cocomelon, Silicon Central Mall
  • Marketing Excellence Award — RAK Mall Cup, Badminton Tournament and Sports Bash
  • Marketing Excellence Award — Science Show, Lulu Mall Fujairah
  • Marketing Excellence Award — Hala Taxi Collaboration, Silicon Central Mall
  • Marketing Excellence Award — Winter Glow, Silicon Central
  • Marketing Excellence Award — Nutri Fest, Lulu Mall Fujairah

Chalhoub Group hosts skincare experts in Riyadh event

Group President of Chalhoub Group Patrick Chalhoub at the opening of The Skincare Edition: Unfiltered event in Riyadh.
Group President of Chalhoub Group Patrick Chalhoub at the opening of The Skincare Edition: Unfiltered event in Riyadh.
Updated 10 November 2024
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Chalhoub Group hosts skincare experts in Riyadh event

Group President of Chalhoub Group Patrick Chalhoub at the opening of The Skincare Edition: Unfiltered event in Riyadh.

Chalhoub Group hosted “The Skincare Edition: Unfiltered” in Riyadh, in collaboration with Hia Hub 4.0, from Oct. 30 to Nov. 3. The event took place at the bustling JAX district, offering an unparalleled skincare experience featuring immersive workshops, insightful panel discussions, and live demonstrations.
The five-day program featured both professional and B2C talks, offering deep insights into personalized skincare. Attendees had the opportunity to learn directly from experts through panels and interactive sessions designed to transform skincare routines and ideologies. During the summit, Chalhoub Group unveiled the findings from its intelligence report on “Gen Z’s Skincare Evolution in GCC.”
Featured speakers and panelists included a lineup of dermatologists, experts and industry leaders, including Chairman of Shiseido EMEA Franck Marilly, MD of L’Oréal Middle East Laurent Duffier, CEO of Waldencast Michel Brousset, Founder and CGO of Waldencast Hend Sebti, Group President of Chalhoub Group Patrick Chalhoub, Regional Managing Director of Sephora Middle East Hasmik Panossian, VP Retail Commercial and Business Development EMEA of Estée Lauder Companies Henk van der Mark, Managing Director of Faces Beauty ME Nicole Nitschke, and Group President of Finoli Pierre Juhen, among others.
Leading tech companies discussed the latest innovations in skincare, with contributions from Anna Germanos, group director of CPF, retail, e-commerce and luxury, META; Hala Zgeib, head of luxury, MENA Snap Inc.; and Aref Yehia, head of retail and e-commerce, TikTok.
Global researchers and experts such as Jennifer Palmer, senior vice president, global skincare category and brand scientific authority strategy of Estée Lauder Companies, and Dr. Annie Black, international scientific director of Lancôme, also shared insights.
Visitors also attended engaging sessions with their favorite creators like Noor Stars and an inspiring panel featuring Yara Namlah and Amani Al-Ayed on “Generational Beauty: Inheriting Skincare Wisdom.” Another insightful session was “Facial Fitness: A Skincare Masterclass with Face Gym Founder Inge Theron,” where Inge talked about her journey as a founder and on facial fitness. The event featured brand experiences that encompassed all aspects of skincare, including wellness. Visitors explored the “Wellness Hub” by L’Occitane and “Skincare Nation” by Faces to enhance their skincare journey.
The event also feature unique workshops such as “Decoding Skincare with The Ordinary,” “Potential Has No Age by Shiseido,” “The Power of Science-backed Skincare and Beauty Tech with Lancôme,” “Discover The Guerlain Skincare Essentials With The Secret Of Facialist Gesture,” and “Unlocking The Secrets To Youthful, Radiant Skin.” The workshops offered attendees the opportunity to deep-dive into tailored skincare solutions.