Who’s Who: Ahmad Alshubbar, chief financial officer of Rawabi Holding Group

Ahmad Alshubbar
Ahmad Alshubbar
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Updated 13 July 2024
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Who’s Who: Ahmad Alshubbar, chief financial officer of Rawabi Holding Group

Who’s Who: Ahmad Alshubbar, chief financial officer of Rawabi Holding Group

Ahmad Alshubbar is the chief financial officer of Rawabi Holding Group, a diversified conglomerate headquartered in Alkhobar.

He is a member of the Rawabi Holding Board Investment Committee; the executive committee of Rawabi Electric; and the board of Rawabi Energy Co., Human Resources Business Support Co., and Equatoriale Energy in Singapore.

Alshubbar provides financial insight to the leadership of the group’s core operating entities. He works with the C-suite in developing the future equity capital market and debt capital market transactions.

Alshubbar’s journey in Rawabi Holding Group began in 2019 as the vice president of treasury and strategy. In this role, he contributed to the organic and inorganic growth initiatives, and deployed global best practices in corporate finance.

In 2017, he worked as Gulf International Bank Capital’s vice president of debt capital markets offering debt origination, structuring, and distribution expertise.

He previously worked in Banque Saudi Fransi’s corporate banking division as senior executive manager, serving high-tier corporate clients in the Eastern Province.

Alshubbar’s portfolio covered diverse economic sectors including civil and industrial construction, real-estate investment, diversified conglomerate, oil and gas services, and marine services companies.

In 2012, he joined Samba Financial Group as a corporate relationship manager and managed a portfolio of multiple diversified group relationships.

In 2008, he worked as a corporate relationship manager at National Commercial Bank.

Alshubbar’s work experience began in 2006 as a Coop Trainee at Arab National Bank.

He earned a bachelor’s degree in finance and economics from King Fahd University of Petroleum and Minerals in 2007.

Alshubbar earned a certification in CME-1 from the Capital Market Authority in 2017.

 


Saudi Arabia making ‘significant strides’ in health tourism, expert says

Saudi Arabia making ‘significant strides’ in health tourism, expert says
Updated 24 October 2024
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Saudi Arabia making ‘significant strides’ in health tourism, expert says

Saudi Arabia making ‘significant strides’ in health tourism, expert says
  • Sustainability is a cornerstone of Kingdom’s health tourism strategy

RIYADH: Saudi Arabia is positioning itself as a top destination for health and wellness tourism, working to develop specialized healthcare facilities and wellness resorts to attract international visitors.

At the Global Health Exhibition, held in Riyadh Oct. 21-23, Dr. Saad Baslom, adviser for the Kingdom’s Health Sector Transformation Program, shared valuable insights into Saudi Arabia’s growing prominence in health tourism.

Baslom participated in a session at the forum titled “Investment Opportunities in Health Tourism and Wellness in KSA,” where he discussed the country’s position as a leader in global health tourism.

Highlighting the Kingdom’s advancements, he told Arab News: “The Saudi Ministry of Health is actively transforming the healthcare system by fostering partnerships with the private sector and integrating complementary medicine into mainstream healthcare. Acupuncture and herbal medicine are now key components in providing holistic care.”

This integration positions Saudi Arabia as a destination offering a comprehensive health tourism experience, enriched by the nation’s deep-rooted customs and traditions, according to Baslom.

One prominent example of the country’s new wellness tourism offerings is AMAALA, a luxury wellness project on the Red Sea coast, the first phase of which is set to be completed by 2025.

It is expected to contribute SR11 billion ($2.9 billion) to the economy and create 50,000 jobs.

The AlUla Wellness Festival, another key initiative, promotes wellness travel. Held annually in one of Saudi Arabia’s most iconic heritage sites, AlUla, the festival focuses on physical and mental well-being through ancient healing practices, yoga sessions, meditation and other activities.

Baslom elaborated on the unique cultural context that makes Saudi Arabia stand out: “What distinguishes the emotional experience and perhaps creates the desire among medical tourism visitors is the nature and spirit of the Kingdom.

“It is this inheritance through successive generations in the history of this region… This is what creates the desire and that image that is formed in our minds when we want to experience something or want to visit a country.”

The blend of tradition and modern medical expertise appeals to international patients seeking not only treatment but also a meaningful connection with the culture.

Sustainability is a cornerstone of Saudi Arabia’s health tourism strategy. Baslom explained how the Kingdom prioritizes environmentally friendly practices: “Sustainability is an essential component of Saudi Arabia’s health tourism strategy.

“By prioritizing environmentally friendly practices in healthcare facilities, the Kingdom aims to minimize its ecological footprint while providing exceptional care.

“This commitment extends to the use of herbal treatments, which align with sustainable practices by promoting natural remedies that are both effective and respectful of the environment.”

He further emphasized the importance of digital health services that reduce travel needs and support environmental sustainability.

“The integration of digital health solutions, such as telemedicine and e-health services, further supports sustainability goals. These innovations reduce the need for travel, lowering carbon emissions and making healthcare more accessible,” he said.

Saudi Arabia’s healthcare infrastructure also plays a pivotal role, he said.

“The Kingdom’s commitment to achieving international accreditation for its healthcare facilities ensures that they meet rigorous quality standards,” Baslom said.

“This dedication enhances the appeal of the Kingdom as a destination for international patients seeking reliable and high-quality healthcare services.”

The Kingdom is actively building partnerships across healthcare, tourism, and other sectors to enhance the visitor experience.

“Facilities such as King Fahd Medical City and King Faisal Specialist Hospital are at the forefront of offering acupuncture and herbal medicine, supported by qualified practitioners who adhere to strict regulatory standards,” Baslom added.

As the Kingdom continues to expand its healthcare offerings, Baslom is optimistic about the future: “Saudi Arabia’s medical and wellness tourism is supported by a diverse network of partners, including prominent healthcare institutions and travel agencies, enhancing the overall visitor experience and showcasing the Kingdom as a destination for holistic wellness.”


Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment
Updated 24 October 2024
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Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

RIYADH: Hungary’s ambassador to Saudi Arabia, Balazs Selmeci, aims to expand cooperation between the two countries in the fields of investment, IT, healthcare, and food products.

“We have 28 years of diplomatic relations with Saudi Arabia, which is not a long period, but we have the political trust and our cooperations in the economic sense strengthened mainly in the field of IT,” Selmeci told Arab News.

“Hungary is very advanced in the IT sector, we can bring here our know-how. With the help of Saudi people we can reach the government and private sectors here in Saudi Arabia,” he said.

During the Hungarian National Day reception hosted recently in the embassy in Riyadh, the ambassador detailed the significance of the national day and highlighted the areas he would like to see cooperation grow between Saudi Arabia and Hungary.

“We are celebrating October 23 as the revolution against the communist Soviet regime,” he said.

Selmeci said that the reception signified the importance of a peaceful life for both regions.

“In a wider sense, we are celebrating our freedom and our peaceful life, which is important also now here in Saudi Arabia as also in our region of Hungary and here in this region,” the ambassador said.

“We have unfortunately very hard and strong conflicts, so the national day here in Saudi Arabia gives us a chance to call everybody for a peaceful solution for the conflicts here in this region and our region,” he said.

When discussing the areas in which he would like to see cooperation grow between the two countries, the ambassador said that he would like to see more Hungarian investors in the Kingdom, which he hopes will result from the first Hungarian-Saudi joint venture in IT scheduled to take place next month.

“In the next month, we have here the first Hungarian-Saudi joint venture in the field of IT,” Selmeci told Arab News.

The ambassador also said that he would be happy to see more Hungarian products on the shelves in Saudi supermarkets.

On the topic of healthcare, Selmeci added that he would also like to see some development between the two countries.

The Hungarian National Day reception featured Josef Terek, a musician, composer, music director and recipient of the Hungarian Cross of Merit, who played a traditional Hungarian instrument called a tarogato. 

“He is playing a special Hungarian instrument called the tarogato which has a Middle Eastern origin,” the ambassador said.

“In the 9th century the zurna, which is a Middle Eastern instrument, arrived in Europe and this Hungarian instrument originated from that instrument.

“This is the special part of our evening here,” he said.

The ambassador also revealed that Terek would hold a tarogato masterclass in the Saudi Music Hub during his visit to the Kingdom.

“I am very proud that I can bring him to the Saudi Music Hub. This is the special part of our reception,” he said.


Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province
Updated 24 October 2024
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Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

DAMMAM: The Saudi Border Guards’ search and rescue teams in the Eastern Province rescued six citizens after their vessel collided with a navigation marker in the open sea.

Elsewhere, the Border Guards in Al-Raboah sector, Asir, arrested seven expats for violating the border security system by smuggling 154 kilograms of qat. After completing the initial legal procedures, they were referred to the relevant authorities, along with the seized items.

Security authorities have called on citizens and residents to report drug smuggling or selling, by calling 911 in Makkah, Riyadh and the Eastern Province, and 999 in other parts of the Kingdom.

Reports to the General Directorate of Narcotics Control can be submitted by calling the number 995 or by emailing [email protected]


International dialogue drives Women, Peace and Security summit

International dialogue drives Women, Peace and Security summit
Updated 24 October 2024
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International dialogue drives Women, Peace and Security summit

International dialogue drives Women, Peace and Security summit

MANILA: The King Abdullah bin Abdulaziz International Centre for Interreligious and Intercultural Dialogue is expected to play a pivotal role at the upcoming International Conference on Women, Peace and Security in Manila, Philippines, which runs from Oct. 28-30.

The conference, the Saudi Press Agency reported, will bring together more than 65 government officials and ministers from the Arab region, Asia and Africa to explore collaborative approaches in advancing the women, peace and security agenda globally.

The KAICIID brings to the table its extensive experience in fostering partnerships between government bodies and civil society organizations, particularly in strengthening women’s involvement in peace building, security, and stability initiatives in all communities.

A highlight of the conference will be a specially curated side event on Oct. 30, under the theme “Connecting Regions — Empowering Peace: A Dialogue to Enhance Cooperation in Women, Peace and Security.”

This session will feature a groundbreaking panel discussion bringing together distinguished women peacemakers from Iraq, Syria, Egypt, Pakistan and the Philippines.


Saudi tourism minister co-chairs WEF’s Urban Transformation Summit

Saudi tourism minister co-chairs WEF’s Urban Transformation Summit
Updated 24 October 2024
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Saudi tourism minister co-chairs WEF’s Urban Transformation Summit

Saudi tourism minister co-chairs WEF’s Urban Transformation Summit

RIYADH: Saudi Minister of Tourism Ahmed Al-Khateeb co-chaired the World Economic Forum’s Urban Transformation Summit in San Francisco, the US, held from Oct 21-23 with a focus on sustainable redevelopment.

Al-Khateeb reviewed the future of the global travel and tourism sector, and ways to enhance sustainability and innovation, stressing that sustainable development should be the foundation of the travel and tourism sector throughout the world, Saudi Press Agency reported.

In his keynote speech, Al-Khateeb said that tourism growth faced challenges such as environmental pressures and the need to improve infrastructure. Focusing on sustainability was an essential part of addressing these challenges that would contribute to the development of the sector in the future.

He said: “We are witnessing significant growth in the tourism sector, and at the same time, we are witnessing an increasing demand for sustainable and enriching experiences, which gives us an opportunity to reshape tourism while preserving our planet and promoting positive change that benefits societies and their future economy.

“Creating a strong global community of industry leaders and experts who are able to meet in forums such as the World Economic Forum’s Urban Transformation Summit is important to building a positive and sustainable future for tourism, and developing collaborative solutions to responsibly capitalize on growth opportunities.”

Al-Khateeb said that tourism and sustainability were two key pillars of the Future Saudi Cities Programme, a joint approach developed by the Saudi Ministry of Municipal and Rural Affairs and UN-Habitat.

“We need to think about how to support the tourism sector by creating smart, sustainable and resilient cities,” he said. “Strengthening public-private partnerships is essential to transforming tourism into a driver of sustainable development, and we must all encourage private sector partners who prioritize sustainability.”

The minister also participated in a high-level strategy session, “Shaping the Future of Tourism,” to discuss the future of travel and tourism.

The annual summit brought together 250 participants with discussions centered around sustainable redevelopment, travel and tourism, mobility transformation, ecosystem innovations, green infrastructure, technology management, and other relevant topics in the global tourism sector.