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Tharwat for Financial Securities participates in Restatex Riyadh Real Estate Exhibition 2024

Photo: (Twitter @TharwatSa)
Photo: (Twitter @TharwatSa)
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Updated 25 February 2024
Arab News
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Tharwat for Financial Securities participates in Restatex Riyadh Real Estate Exhibition 2024

Photo: (Twitter @TharwatSa)
Updated 25 February 2024
Arab News
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Tharwat for Financial Securities — a leading Saudi investment company specialized in the provision of funding, asset management, consulting, and financial services — has reinforced its commitment to advancing the transformation of the Kingdom’s real estate sector. The company participated in the 2024 edition of the Restatex Riyadh Real Estate Exhibition: Saudi Arabia’s largest real estate conference.
Held from Feb. 18 to 21  — under the patronage of the Minister of Municipal Rural Affairs and Housing, Majid bin Abdullah Al-Hogail — at the Riyadh Exhibition Center, the event brought investors, developers, leaders, and decision makers from the Kingdom’s real estate sector and beyond together to explore potential opportunities and solutions to pressing challenges.
In line with Vision 2030, the gathering served as a platform for innovation, showcasing cutting-edge developments and the latest technologies reshaping the wider real estate sector.
Tharwat for Financial Securities was represented at the exhibition by the company’s CEO Yazid Al-Huwaishel and other leading executives. As a company committed to accelerating the transformation of Saudi financial services — contributing to the Kingdom’s growth and development as a global investment hub — Tharwat for Financial Securities’ participation in the event extended the firm’s efforts to enhance the Saudi Arabian real estate ecosystem, strengthening the sector and boosting its financial prospects.
Yazid Al-Huwaishel, CEO, Tharwat for Financial Securities said: “Deeply rooted in the Kingdom and committed to creating a brighter future for the people, communities, and entities we serve across the country, we have firmly established ourselves as one of the leading proponents of Saudi wealth creation. Be it through real estate and investment funds, or empowering investors with a diverse and comprehensive suite of innovative investment product and services, we aim to play our part in achieving the goals of Vision 2030, creating a greater, more prosperous Saudi Arabia.”
He added: “As part of this mission, we were delighted to have taken part in this year’s Restatex Riyadh Real Estate Exhibition. The timely conference provided a unique opportunity for us to spotlight the wide-ranging investments we have been making in the Kingdom’s real estate space. It also enabled us to outline our vision for the future and showcase the latest investment opportunities in the sector.”
Tharwat for Financial Securities is an investment company that provides funding, asset management, consulting, and financial services. Managing real estate assets estimated at more than SR5 billion, the company aims to create additional value for investors through investment diversification and by building strategic alliances with regional and local partners..
Since its establishment in 2014, Tharwat for Financial Securities has worked in a fully-aligned manner with leading authorities to realize the Kingdom’s economic potential. The company aims to enhance governance principles and financial resources, leveraging its technical expertise and standing in the asset management and real estate investment sector to benefit its clients and partners.

Set apart by its extensive network, global outlook and innovation-led approach, the firm has built its success by exploring and capitalizing on  investment opportunities in a diverse array of sectors, launching and overseeing hospitality, residential, entertainment, tourism, logistics and infrastructure projects.

 

Topics: Tharwat Financial securities Tharwat for Financial Securities

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GWM celebrates 27 years in Middle East with key milestones

GWM celebrates 27 years in Middle East with key milestones
Updated 14 November 2024
Arab News
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GWM celebrates 27 years in Middle East with key milestones

GWM celebrates 27 years in Middle East with key milestones
Updated 14 November 2024
Arab News

To celebrate its 27-year presence in the Middle East, GWM organized three major events in Saudi Arabia: GWM DAY at the Jeddah International Motor Show, GWM Partner Day for the Regional Dealer Conference, and GWM Family Day for the opening of its flagship store in Riyadh. 

The events highlighted GWM's strategic position in the region and its commitment to technological innovation, cooperation, and brand development.

GWM has been working with users and partners in the Middle East to build a promising future through diverse strategies and strong products.

On Oct. 29, GWM made a stunning appearance at the Jeddah International Motor Show.

In front of media, dealer partners, and over 200 guests, GWM's International President, Parker, launched the Home Care plan, highlighting GWM's commitment to treating the Middle East as home and prioritizing care and service for local users.

The flagship models — the GWM Tank 700 and the all new HAVAL H9 — gained attention, underscoring GWM's leadership in the off-road market.

Also, GWM set up an outdoor area for rugged off-roading and family outings, drawing many eager spectators and families.

At the Jeddah motor show, GWM held the Middle East and Africa regional Dealer Conference, attracting over 80 partners from the region.

Dealers engaged in in-depth discussions with GWM management about the brand's future development strategy and the importance of parts support and service operations in enhancing market share and brand reputation.

The following day, dealer representatives visited a 11,000-square-meter warehouse in southern Jeddah to learn more about the parts policies.

The warehouse ensures quick repairs and efficient after-sales service while serving as a key pillar of GWM's localized operations, reflecting its strong commitment to users.

Meanwhile, on Oct. 31, 2024, GWM held a grand opening ceremony for its flagship store in Riyadh, covering 6,000 square meters.

This store is GWM's largest in the Middle East and serves as a platform for deep interaction between the brand and its users.

GWM hosted the GWM Family Day at the flagship store, uniting users and guests to share their experiences with the brand.

Influencers from automotive, photography, and outdoor fields shared their journeys with GWM vehicles.

They also engaged users in an interactive quiz about the brand, strengthening the emotional connection with customers.

This event enhanced brand recognition and a sense of belonging, creating unforgettable experiences for users and fans.

Under the slogan "Go with Middle East, Go with More," GWM is building a stronger brand ecosystem.

The Jeddah motor show showcased GWM's robust products, the Dealer Conference advanced regional cooperation, and the opening of the Riyadh flagship store elevated the co-creation experience with users.

GWM looks forward to exploring new possibilities with Middle Eastern customers and sharing exciting journeys together.

UAE Consensus serves as beacon for multi-stakeholder climate action

UAE Consensus serves as beacon for multi-stakeholder climate action
Updated 14 November 2024
Arab News
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UAE Consensus serves as beacon for multi-stakeholder climate action

UAE Consensus serves as beacon for multi-stakeholder climate action
Updated 14 November 2024
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The COP29 Presidency hosted the Business, Investment & Philanthropy Climate Platform to harness the collective power of the private sector and drive progress for climate action.

This year’s event marked the second edition of the inaugural Business and Philanthropy Climate Forum, which was first held during COP28 last year in the UAE.

The convening continues to serve as the primary platform for private sector engagement inside the COP process.

The event gathered over 900 global leaders from the business, finance and philanthropic communities to drive practical and sustained action towards achieving the goals of the Paris Agreement and the UAE Consensus.

The agenda featured a range of high-profile speakers including COP29 President, Mukhtar Babayev, minister of ecology and natural resources, Azerbaijan; Mikayil Jabbarov, minister of economy, Azerbaijan; Nigar Arpadarai, COP29 UN climate change high-level champion; Makhtar Diop, managing director, IFC; Alok Sharma KCMG, COP26 president; Majid Al-Suwaidi, CEO, Alterra Fund; and Badr Jafar, special envoy for business and philanthropy, UAE.

In his keynote address, Jafar, who chaired the inaugural Business & Philanthropy Climate Forum at COP28, shared a profound perspective on the urgent need for global cooperation in climate finance.

"The UAE Consensus serves as a beacon for multi-stakeholder climate action, and we stand at a critical juncture where the power of public-private partnerships must be harnessed to unlock the vast resources required to address the escalating challenges of climate change."

Building on the foundations laid during COP28 Business & Philanthropy Climate Forum in Dubai which saw over $7 billion in private capital commitments, the Baku edition focused on finance and real economy actors for progress with attendees from around the world keen to advance the integration of the private sector in climate action.

Emphasizing the role of the private sector, Jafar said: "Governments alone cannot shoulder this responsibility; we need the innovation, resources, and commitment of the private sector more than ever. 

“As businesspeople, as philanthropists, as investors, we can and must take this long-term approach, transcending short-term politics. That is what will drive consistent progress that builds and scales impact."

The event’s discussions referred to the trillions of dollars per year needed to deliver net zero and nature positive outcomes across the developing countries of the world.

However it was also highlighted that there is well over $100 trillion in assets under management, between sovereign wealth, pensions, insurance and family offices.

Worldwide net private wealth stands at over $450 trillion and it is set to increase more than 6 percent annually to the end of the decade.

Therefore the availability of capital is not necessarily the issue – what is urgently required are the mechanisms to channel this capital toward investments in climate solutions across the so-called Global South.

The sessions also dedicated significant attention to advancing public-private collaboration, specifically targeting the acceleration of foreign direct investment for climate action.

Discussions pinpointed the key enablers of FDI for developing countries and highlighted the importance of consistent, scaled-up financial flows to emerging markets.

The various messages delivered at the forum resonated with urgency and optimism.

Collaborative efforts showcased at the event set the stage for ongoing and scaled action at future COP meetings.

The Business & Philanthropy Climate Forum remains a critical platform for integrating business and philanthropic leadership into the global climate action framework.

By bringing together leaders from all key sectors, the forum fosters multi-stakeholder discussions and action, driving progress toward global climate and nature targets. 

 

 

MG RX9: A perfect blend of modern design and versatility

MG RX9: A perfect blend of modern design and versatility
Updated 13 November 2024
Arab News
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MG RX9: A perfect blend of modern design and versatility

MG RX9: A perfect blend of modern design and versatility
Updated 13 November 2024
Arab News

MG Motor has announced the launch of the new MG RX9, following the global premiere of the model during the Jeddah International Motor Show. A premium SUV that combines elegant design, advanced technology, and powerful driving performance, the MG RX9 is available in three distinct trim levels: the entry-level STD 2.0 Turbo, the mid-tier COM 2.0 Turbo, and the top-tier LUX 2.0 Turbo. The vehicle is designed to meet the needs of modern families, travel enthusiasts, and drivers who desire comfort and capability in a seven-seater configuration.

Prices for the new MG RX9, which offers a blend of modern design, power, and versatility, start from $26,000 (excluding VAT), ensuring the new model offers remarkable value for its class. Additionally, customers will benefit from a six-year/ 200,000 km manufacturer’s warranty, providing exceptional peace of mind.

Tom Lee, managing director of MG Motor Middle East, said: “The launch of the MG RX9 marks a new chapter in our journey to provide customers with modern, premium, and capable vehicles. The RX9 is designed for those who expect more from their SUV, offering space, power, and advanced features. Whether for family outings or off-road adventures, the MG RX9 delivers an exceptional driving experience, while embodying the latest in automotive design and technology.”

The MG RX9’s robust and striking exterior design ensures it stands out on the road. At 1,967 mm wide, it has the widest body in its class, providing a powerful yet elegant presence on the road. The vehicle’s Starburst Wing Grille, integrated with the sleek headlight design featuring 245 laser-engraved LED light units, further enhances its striking front profile. Complementing this dynamic front face are 21-inch wheels, which not only elevate the vehicle’s look but also ensure stability and performance on various terrains. The MG RX9 comes in six exterior colors inspired by nature, offering a choice to suit all drivers’ preferences.

Inside the MG RX9, drivers are greeted by a luxurious and spacious cabin, crafted for comfort and functionality. This seven-seater SUV offers generous legroom and headroom for passengers and drivers alike, boasting the largest three-row seating space in its class. The boot space, which can expand to accommodate 1,026 liters in the five-seat configuration, provides plenty of room for luggage, making it ideal for long trips.

In the front, the dashboard features premium materials, including high-quality wood grain or aluminum dashboard trim and soft-plated keys, adding an additional touch of elegance. Features such as the 12.3-inch touch screen, virtual cluster, and hidden intelligent air-conditioning controls ensure drivers are equipped with all the latest features. Available in black or two-tone beige and brown leather, the cabin maintains a sophisticated yet practical design. Seating comfort is further enhanced by the eight-way electrically adjustable driver’s seat (with memory function in the LUX trim) and the four-way electrically adjustable passenger seat, providing personalized comfort for all.

The MG RX9 is designed for exceptional performance across all terrains. Powered by a new Net Blue 2.0 Turbo super-efficient engine and paired with a nine-speed automatic transmission, it delivers smooth, responsive handling in any environment. With five adaptive driving modes — Auto, Eco, Sport, Snow, and Off-road — drivers can easily adjust settings to suit road conditions. Whether in the city, on the highway, or off-road, the MG RX9 offers a seamless driving experience, enhanced by its advanced intelligent driving system and all-road intelligent cruise assist.

Safety is at the forefront of the MG RX9’s design. Equipped with Bosch’s 3rd Generation Intelligent Front View Camera and 5th Generation Millimeter Wave Radar, the RX9 offers advanced driver-assistance systems for all-around protection. The SUV also features HD 360-degree surround view cameras, allowing drivers to have complete visibility, whether parking or maneuvering in tight spaces.

The MG RX9 will be available soon in all GCC markets, as well as Jordan, Iraq and Lebanon markets.

GESALO awards celebrate Saudi-German trade ties

GESALO awards celebrate Saudi-German trade ties
Updated 13 November 2024
Arab News
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GESALO awards celebrate Saudi-German trade ties

GESALO awards celebrate Saudi-German trade ties
Updated 13 November 2024
Arab News

The German Saudi Liaison Office for Economic Affairs, known as GESALO, held its first awards event on Nov. 6 in Riyadh.

The 1st GESALO Award Gala honored outstanding company achievements and the enduring bilateral economic relationship between Saudi Arabia and Germany. The leadership of 30 companies and institutions were awarded in the categories: Innovation and Technology, Saudi German Business Partnership, Excellence in Customer Interaction and Responsibility for the Future. GESALO Delegate Dr. Dalia Samra-Rohte congratulated the winners in the presence of German Ambassador to Saudi Arabia Michael Kindsgrab.

GESALO is a vital link between businesses in the Kingdom and Germany, promoting trade and investment. By facilitating dialogue and collaboration, GESALO has played a crucial role in strengthening the bilateral economic relationship over the last 45 years.

“We are thrilled to launch this award gala as a platform to celebrate the strong economic partnership between Germany and Saudi Arabia. German companies are participating in numerous megaprojects and infrastructure development, contributing to the national objectives of Vision 2030,” said Samra-Rohte. 

“We see a constant increase in the export numbers with a plus of 20 percent compared to last year. While German companies focused solely on exporting in the past, we are also seeing more German companies creating their value chain locally,” she added.

The continuous interest of German companies in the region is also illustrated by the visit of several German delegations. “Just in November, four German delegations are expected — among them are companies from the aviation and food sector,” said Samra-Rohte.

At the awards event, attendees had the opportunity to network with leaders from various industries, enhancing connections that could lead to fruitful collaborations and partnerships.

Saudia Cargo names Loay Mashabi as new CEO

Saudia Cargo names Loay Mashabi as new CEO
Updated 13 November 2024
Arab News
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Saudia Cargo names Loay Mashabi as new CEO

Saudia Cargo names Loay Mashabi as new CEO
Updated 13 November 2024
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Saudia Cargo, a leader in global air cargo transportation and member of the biggest air cargo alliance SkyTeam Cargo, has announced the appointment of Loay Mashabi as its new chief executive officer, effective Jan. 1, 2025. He is also the managing director of Saudia Cargo.

Mashabi succeeds Teddy Zebitz as CEO, who has led Saudia Cargo to record success, driving innovation and solidifying its leading position. Zebitz will continue to serve as a member of the board of directors.

“During Teddy’s tenure, we have achieved remarkable milestones and navigated through numerous challenges, all while maintaining our commitment to performance and service excellence,” said Abdulkareem Abualnasr, board chairman of Saudia Cargo. “Teddy’s vision and leadership have been instrumental in building the capabilities of our company and in executing our strategies, and we are deeply grateful for all his valuable contributions.”

Mashabi joined Saudia Cargo as board member in August 2021 and became the managing director in October 2023, bringing a wealth of experience in the transportation and logistics sector. Prior to joining Saudia Cargo, he served as deputy minister for logistics services at the Ministry of Transportation and Logistics Services, and deputy governor for planning and development of the General Authority of Customs. He also served as CEO of the inception phase of the Soudah Development at the Public Investment Fund.

Under Mashabi’s leadership, Saudia Cargo will focus on accelerating its growth, expanding its international network, and advancing Saudi Vision 2030’s logistics sector goals, enabling the Kingdom’s transformation by securing essential goods and providing customer-centric solutions that help businesses thrive and industries grow.

He holds an executive MBA from London Business School and a BSc in petroleum engineering from King Fahd University.

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