SALIC considers Russian grain investment

Updated 06 October 2017
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SALIC considers Russian grain investment

MOSCOW: Saudi Arabia’s SALIC is considering investing in a Russian grain producer owned by Russian conglomerate Sistema and members of the Louis-Dreyfus family, Sistema said on Thursday.
Saudi Arabia began scaling back its domestic wheat-growing program in 2008, planning to rely completely on imports by 2016 to save water. Russia, one of the world’s top grain exporters, is expected to harvest a record grain crop in 2017.
The Saudi Agriculture and Livestock Investment Company (SALIC) was formed in 2011 to secure food supplies for the kingdom mainly through mass production and foreign investments.
RZ Agro, a joint venture between Sistema and Louis-Dreyfus family members, was created in 2012. It produces grain and has a land bank of 106,000 hectares in Russia’s southern regions.
“The parties will discuss the structure and parameters of the potential deal after the due diligence of RZ Agro Holding Ltd,” Sistema said in a statement.
The memorandum of understanding was one of several signed at the Russian-Saudi Business Investment Forum in Moscow. Saudi Arabia’s King Salman is meeting Russia’s President Vladimir Putin in the Russian capital on Thursday.


FaceOf: Dr. Hussein bin Abdul Aziz Al-Asheikh, imam at Prophet’s Mosque and high court judge

Updated 20 August 2018
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FaceOf: Dr. Hussein bin Abdul Aziz Al-Asheikh, imam at Prophet’s Mosque and high court judge

Dr. Hussein bin Abdul Aziz Al-Asheikh is a respected imam and sermon performer at the Prophet’s Mosque, as well as a judge at the High Court in Madinah.

A royal recommendation by King Salman made Al-Asheikh the official sermon deliverer on the day of Arafat, 9 of Dul Hijjah. He will give this year’s sermon at Al-Nimra Mosque, one of the holy sites in Arafat, as well as leading Dhur and Asr prayers.

Last year, the Arafat sermon and prayers were performed by Sheikh Dr. Saad Shafaee Al-Shetri. In 2016, Sheikh Dr. Abdurrahman Al-Sudais, chief of the Presidency of the Two Holy Mosques, led the prayers.

Born in Bani Tamim in southern Saudi Arabia, Al-Asheikh pursued his scholarly career in Riyadh. He received his bachelor’s degree from Shariah College in Riyadh, and then joined the Higher Judicial Institute, receiving a master’s degree before pursuing a doctorate.

Al-Asheikh studied under great Islamic scholars, getting appointed as a magistrate in 1985. Five years later, he became a judge in the Great Court of Najran. He was transferred a year later to the Grand Court in Riyadh, where he stayed for many years before he joined the Grand Court in Madinah in 1997, receiving the royal decree that appointed him as an imam at the Prophet’s Mosque.

He has been leading prayers at the Prophet’s Mosque for more than two decades, while lecturing at the University of Madinah.

He has delivered many scientific lectures in jurisprudence, Tawheed, Hadith and grammar, in addition to some lectures at places such as the Great Mosque in Riyadh.