Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.

Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.
Abdullah Bakhraibah
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Updated 04 September 2024
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Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.

Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.

Abdullah Bakhraibah is CEO of the Arab Investment Co. as of August 2024.

The Arab Investment Co., a pan-Arab financial institution established in 1974, is owned by the governments of 17 Arab countries.

Bakhraibah’s experience of over 16 years in finance and investment, both locally and globally, makes him a valuable asset to the company.

In this role, he will lead the company in building and developing its business and achieving its new strategic objectives.

His most recent position was CEO and board member of State Street Saudi Arabia Financial Solutions, a Capital Market Authority-licensed subsidiary of State Street Corp., one of the world’s largest global financial institutions.

During his tenure, he spearheaded the opening of their office in the Kingdom, expanded their business presence, launched local portfolio management, and endorsed local partnerships.

He served as a member of CMA’s Capital Market Institutions Committee in 2020 for two years.

Prior to that, Bakhraibah served as head of business and products development at Ashmore Investment Saudi Arabia from 2019 to mid-2020 where he chaired the board of Ashmore’s investment funds and Tazah Limited Co.

From 2015 to 2018, he was head of sales in Saudi Arabia for Gulf International Bank (UK) and GIB Capital where he led the business development and represented GIB Capital’s debt capital market team in the issuance of $12.5 billion bonds with the National Debt Management Center at the Saudi Ministry of Finance in 2017.

Bakhraibah’s professional journey also includes various roles at SAB, including structured derivatives and treasury risk advisory from 2008 to 2015. He began his career at SAB as a money market and investment dealer in the treasury department in 2008.

Bakhraibah earned a master’s degree in business administration from the London Business School in 2020 and a bachelor’s degree in management information systems from the King Fahd University of Petroleum and Minerals in 2008.


Saudi program to train future ambassadors of moderation globally

Saudi Minister of Islamic Affairs Sheikh Abdullatif Al-Asheikh and Minister of Education Yousef Al-Benyan.
Saudi Minister of Islamic Affairs Sheikh Abdullatif Al-Asheikh and Minister of Education Yousef Al-Benyan.
Updated 5 sec ago
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Saudi program to train future ambassadors of moderation globally

Saudi Minister of Islamic Affairs Sheikh Abdullatif Al-Asheikh and Minister of Education Yousef Al-Benyan.
  • 60 students from 40 countries selected; initiative backed by $1m in contributions from Saudi endowments, foundations

RIYADH: Saudi Minister of Islamic Affairs Sheikh Abdullatif Al-Asheikh and Minister of Education Yousef Al-Benyan recently inaugurated the Fellowship of Moderation and Fairness program for scholarship students in Saudi Arabia.

Launched at the Ministry of Islamic Affairs headquarters in Riyadh, the program is supervised by both ministries, Saudi universities and donor institutions in the nonprofit sector.

Al-Asheikh said that the program reflects the Kingdom’s commitment to serving Islam and Muslims, and aligns with its vision to promote moderation based on solid principles and authentic traditions.

The program combines rigorous scientific methodology with practical applications to train select international students at Saudi universities as ambassadors of moderation within their communities, he added.

The fellowship represents an integrated training system that fosters cognitive and leadership excellence, preparing graduates to address contemporary challenges and contribute to a cooperative and prosperous future.

President of King Abdulaziz University Tareef Al-Alaama said that the fellowship was launched in the summer with support from the Endowment of King Abdullah bin Abdulaziz for His Parents and under the direct supervision of the Ministry of Islamic Affairs.

The program attracted significant interest, with about 300 male and female students from various nationalities applying. After a thorough nomination and selection process, 60 people from 40 countries were selected.

Ten seats are reserved in honor of the minister of Islamic affairs for exceptional students from Muslim minority communities worldwide, recognizing their efforts in promoting moderation and combating hatred and extremism.

In conjunction with the program’s launch, the General Authority of Awqaf, the King Abdullah bin Abdulaziz Foundation for Developmental Housing and the Al-Rajhi Endowment pledged almost SR4 million ($1 million) to support the initiative.

The contributions highlight the program’s role in promoting the values of moderation, in line with the ministry’s mission and the directives of Saudi leadership.


Syrian FM Shibani receives invitation to visit Saudi Arabia

Syrian FM Shibani receives invitation to visit Saudi Arabia
Updated 45 sec ago
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Syrian FM Shibani receives invitation to visit Saudi Arabia

Syrian FM Shibani receives invitation to visit Saudi Arabia
  • Al-Shibani has expressed optimism about the future of Syrian-Saudi relations

DUBAI: Syrian Foreign Minister Asaad Hassan Al-Shibani said on X on Monday that he had accepted an invitation from his Saudi counterpart Prince Faisal bin Farhan to visit the Kingdom, in what would be his first foreign trip since the ouster of Bashar Assad on Dec. 8.

“We look forward to building strategic relations with Saudi Arabia in all fields,” read a statement posted on the Syrian Arab News Agency's X account.

Al-Shibani has expressed optimism about the future of Syrian-Saudi relations, and has emphasized the importance of building strategic ties in all fields, SANA reported.

He added, “I am honored to represent my country and look forward to this opportunity to enhance cooperation and dialogue.”

It follows comments made by Syria’s new leader, Ahmed Al-Sharaa, who said Saudi Arabia had a major role to play in his country’s future during an interview with Al Arabiya, which aired on Sunday.

“Saudi Arabia has a major role in Syria’s future, and I take pride in everything it has done for us,” he said, adding that he spent his early childhood in Riyadh and hoped to visit the city again.

Al-Sharaa also praised recent Saudi statements as “very positive” and commended Riyadh’s efforts toward stabilizing Syria.

Earlier this month, a high-ranking Saudi delegation headed by an advisor to the Royal Court visited Syria and met with Ahmed Al-Sharaa in Damascus.


Riding, target sports attract visitors in Asir

Riding, target sports attract visitors in Asir
Updated 30 December 2024
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Riding, target sports attract visitors in Asir

Riding, target sports attract visitors in Asir
  • Certified trainers are on hand to provide guidance on horseback riding and archery

RIYADH: Horseback riding and target sports are popular attractions at the Muhayil festival in the Asir region, the Saudi Press Agency reported on Monday. 

Held in Muhayil governorate, 80 km northwest of Abha, the festival offers entertainment, sports and shopping. 

Horse riding instructor Salma Mohammed said the activities, part of the Muhayil Asir winter program, have drawn significant interest, especially from children.

Mohammed and other trainers teach how to handle horses, offer guided rides, and provide instruction in archery and air-rifle use.

Mohammed, a lifelong horse enthusiast, became a qualified instructor after completing specialized training.

Bandar Al-Hilali, owner of the festival’s horse stable, said the goal is to highlight the significance of horses and teach basic riding and target shooting with the aid of certified trainers.

Horseback riding instruction covers balance, rein handling, calming techniques, and track riding. Archery training includes proper shooting methods and friendly competitions. Participants also learn the basics of air-rifle marksmanship. 

Muhayil governorate, in the Tihama Asir region, is experiencing notable economic and tourism growth due to its mild winter climate, attracting visitors from the highlands.


Riyadh Season’s winter fun draws crowds

Riyadh Season’s winter fun draws crowds
Updated 30 December 2024
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Riyadh Season’s winter fun draws crowds

Riyadh Season’s winter fun draws crowds

RIYADH: The Courchevel area in Riyadh Season’s Boulevard World zone has become a highly popular destination since its opening.

This winter wonderland offers a mix of adventure and fun, appealing to those seeking unique experiences, the Saudi Press Agency reported.

The journey starts in the ski area, with a large open field for practicing under the guidance of expert trainers. 

The snowy atmosphere provides a thrilling backdrop for various challenges and activities, the SPA reported. 

There is a section to capture photos and videos to preserve memories of the winter adventure.

The subzone also offers winter supplies for a cozy experience. And visitors can purchase winter-themed souvenirs. 

Riyadh Season runs until March 2025 and has already attracted over 13 million people, according to Turki Alalshikh, chairman of the General Entertainment Authority.


Saudi hospital performs first robotic pancreas transplant

Saudi hospital performs first robotic pancreas transplant
Updated 30 December 2024
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Saudi hospital performs first robotic pancreas transplant

Saudi hospital performs first robotic pancreas transplant

RIYADH: King Faisal Specialist Hospital and Research Center performed the region’s first robotic pancreas transplantation, the Saudi Press Agency reported on Monday.

The milestone surgery on a young male patient suffering from type 1 diabetes freed him from years of insulin dependency and demonstrated the potential of advanced medical innovation to improve quality of life.

The patient had endured type 1 diabetes and severe complications, including kidney failure, for many years, which necessitated a kidney transplant, according to a press release.

Although the kidney transplant was successful, the patient continued to face challenges from diabetes and its associated complications, and his symptoms were unresponsive to conventional treatment, the center said.

Pancreas transplantation emerged as the most effective option to address these challenges and enhance the patient’s quality of life, according to the release.

The procedure, conducted using robotic technology, allowed surgeons to transplant the pancreas with high precision, reducing surgical risks and recovery time.

Earlier this year, the center also performed the world’s first fully robotic heart transplant, building on its 2023 achievement of completing the world’s first fully robotic liver transplant.