KSA gives $ 1.88 m for Rohingya resettlement

Updated 21 January 2013

KSA gives $ 1.88 m for Rohingya resettlement

Saudi Arabia yesterday announced a contribution of $ 1.88 million toward UNHCR’s humanitarian program in Myanmar providing shelter to Rohingyas in Rakhine state.
A memorandum of understanding to this effect was signed by Yousef Al-Bassam of the Saudi Fund for Development and Imran Riza, UNHCR’s regional representative in Riyadh.
The contribution will enable the UNHCR to provide temporary and permanent shelters for around 75,000 displaced people. 
After signing the agreement, Riza highlighted the importance of such assistance in terms of value, timing and significance in improving the living conditions of many of displaced people in Rakhine state.
On behalf of High Commissioner Antonio Guterres, Riza expressed his highest appreciation and deep gratitude to Custodian of the Two Holy Mosques King Abdullah, for this generous contribution which clearly reflects the Saudi leadership's response to humanitarian crises.
The partnership with the Saudi Find for Development involves collaboration with Pakistan in terms of providing permanent shelters to the displaced people.

Abdullah bin Mohammed Al-Zamil, chairman, Gulf International Bank (GIB) Saudi Arabia

Updated 42 min 28 sec ago

Abdullah bin Mohammed Al-Zamil, chairman, Gulf International Bank (GIB) Saudi Arabia

Abdullah bin Mohammed Al-Zamil is the new chairman of the board of directors of Gulf International Bank (GIB) Saudi Arabia. He was appointed on March 31, 2019.

Al-Zamil has extensive experience in the private sector. He served as the CEO and a board member of Al-Zamil Group, where he began his professional career in 1987, and was promoted to his latest position as CEO in 2009. 

He began as an industrial engineer at Zamil Air Conditioners and subsequently became vice president for sales and marketing and purchasing and materials management. He served as senior vice president and COO of Zamil Industrial Investment Co.

He was awarded his bachelor’s degree in industrial engineering from the University of Washington in Seattle, US in 1987. In 1992, he obtained his MBA in finance from King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia. 

Al-Zamil is a board member of several regional companies, including the General Authority of Civil Aviation, VIVA Bahrain, the Human Resources Development Fund, Gulf International Bank in the UK, and Zamil Steel Industries in Egypt, Vietnam and India. 

He is also the chairman of the board of directors of Saudi Global Ports, LLC (SGP). 

GIB announced on Sunday that it has successfully completed the conversion of its existing branches in Saudi Arabia to a locally incorporated bank.

This makes GIB the first foreign bank in the Kingdom to be locally incorporated. 

“The establishment of GIB Saudi Arabia is an important milestone in the implementation of the bank’s strategy, which remains focused on the expansion of its service offering and position as a leading digital bank and is expected to contribute positively to enhanced performance and profitability,” Al-Zamil said. 

He said that the public investment fund’s contribution and partnership with GIB will enable the bank to accelerate the growth of its operations and customer base in the Kingdom as well as in other Gulf Cooperation Council countries.