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Who s Who: Khalid Fahad Al-Huzaim, deputy minister at the Ministry of Communications and Information Technology

Khalid Fahad Al-Huzaim was recently appointed as deputy minister for shared services at the Ministry of Communications and Information Technology of Saudi Arabia. He also serves as an independent board member at the SITE company and the Saudi Industrial Development Fund. Al-Huzaim has been an executive board member for the Saudia Medical Services since 2019. Prior to that, he served as the executive vice president of the management and regulations holding group at Saudia airline from May 2019 to April 2021. Al-Huzaim also worked as group chief human resources officer for Al-Rajhi Bank from 2015 to 2019. Al-Huzaim is a senior human resources leader with more than 20 years of generalist and specialist experience gained mostly with top banks in the Kingdom.

Who s Who: Dr Munir bin Mahmoud El-Desouki, president of King Abdul Aziz City for Science and Technology

Dr. Munir bin Mahmoud El-Desouki was appointed president of King Abdul Aziz City for Science and Technology (KACST) by royal decree on April 19. El-Desouki has been assistant minister at the Ministry of Communications and Information Technology (MCIT). He also worked as deputy minister for development and planning at the MCIT and senior adviser to the minister of MCIT. El-Desouki has served on and chaired several national committees, held a number of positions in KACST and won numerous awards and prizes, including the 2014 Custodian of the Two Holy Mosques Prize for inventors and the talented (Takreem) for his invention in electrical engineering called “Development through Time Integration.”

Saudi grocery company breaks with family firm secrecy to open up in IPO

Saudi grocery company breaks with family firm secrecy to open up in IPO After details emerged of undisclosed loans Ahmad BinDawood revealed everything 12 April 2021 - 08:00 Matthew Martin and Devon Pendleton Picture: 123RF/SERGEY BUZUEVSKIY For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1bn fortune built over the decades by his father and uncles. As the October public offering of BinDawood Holding got under way, details emerged of about $76m in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.

Billionaire Saudi Family Breaks Mold on Kingdom s Secrecy

Billionaire Saudi Family Breaks Mold on Kingdom s Secrecy
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