United Yousef M. Naghi becomes exclusive distributor of TCL’s air conditioning products

Updated 12 February 2015
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United Yousef M. Naghi becomes exclusive distributor of TCL’s air conditioning products

United Yousef M. Naghi Co. Ltd., one of the major electronics and appliance’s distributors and retailers in the Kingdom, has announced its appointment as the new and exclusive distributor of TCL air conditioning products in Saudi Arabia. The event was attended by Ammar Naghi, CEO of United Yousef M. Naghi Co. Ltd., TCL’s delegates from headquarter and sub dealers.
In addition to announcing the partnership between the two companies, the event introduced TCL’s air conditioning product line. The models that will be available across the Kingdom through the United Yousef M. Naghi Co. Ltd. showrooms and its network of sub-dealers include the split and the window air conditioners offering innovative products at affordable cost in the market.
Naghi said: “We are proud to announce today our new air conditioning distributorship agreement with TCL, China’s No.1 industrial brand. We are setting a new milestone for both United Yousef M. Naghi Co. Ltd. by adding another first-class brand to our diversified portfolio.”
In the Q1-Q3 period of 2014, TCL’s industrial group sales revenues reached $ 11.26 billion while the company’s net profit scored around $ 0.5 billion. In the same year, the TCL brand’s value exceeded $10.87 billion and is continuing to lead the Chinese industrial segment for nine consecutive years.
Naghi added: “TCL is a first-class manufacturer of ACs with products sold around the world. The brand has achieved outstanding results worldwide markets and I anticipate great success for their air conditioners in the Kingdom as well, especially that the products fulfill a wide spectrum of consumers’ needs, including advanced performance, enhanced hygienic and air-filtering features, stylish design, energy efficiency, and environmental friendliness.”


Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019
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Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.