Al-Muhaidib Group advances its digital transformation strategy

From right, Ahmed Al-Faifi, managing director, SAP Saudi Arabia, Bahrain and Yemen; Abdulkareem Al-Khalawi, vice president of IT, Al-Muhaidib Group; Steve Tzikakis, president of Europe, Middle East, and Africa (EMEA) South, SAP; and Bassel Alomari, senior strategic sales executive — consumer, wholesale, life sciences industries, SAP Saudi Arabia.
Updated 18 December 2017
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Al-Muhaidib Group advances its digital transformation strategy

One of the Kingdom’s largest conglomerates and investment companies, Al-Muhaidib Group, launched its digital business strategy, with digital transformation enabler SAP in an enterprise agreement signed by Abdulkareem Al-Khalawi, vice president of IT at Al-Muhaidib Group, and Steve Tzikakis, president of Europe, Middle East, and Africa (EMEA) South at SAP.
Al-Muhaidib Group is undergoing digital transformation across its 93 affiliates, covering five key sectors: Building materials, food, contracting, utilities and infrastructure and real estate.
This is in line with the Saudi Vision 2030, which is calling on private sector contribution to GDP to grow from 40 percent to 65 percent.
As part of its digital transformation, Al-Muhaidib Group’s eight largest entities will run on the SAP HANA in-memory platform.
“Saudi’s largest organizations need to run in real-time to enhance their business competitiveness. Using SAP HANA, Al-Muhaidib Group now has the real-time analytics to ensure our customers have the right products at the right time. We have enhanced our performance, improved our reporting time, and can better fuel our regional and international expansion,” said VP Al-Khalawi.
One of the oldest and largest conglomerates in the Kingdom, Al-Muhaidib Group was founded in 1943. Its most prominent investments include Mayar Foods, Savola Group, Masdar Building Materials and Thabat Construction, Saudi Tharwa in real estate, and ACWA Holding.
“Al-Muhaidib Group is at the cutting edge of Saudi organizations undergoing digital transformation. Conglomerates are the lifeblood of the Saudi economy, across a wide range of industry verticals. SAP is committed to exchanging global best practices in enabling Saudi Vision 2030’s nationwide digital transformation and private sector companies to take their business plans to the next level,” said Ahmed Al-Faifi, managing director, SAP Saudi Arabia, Bahrain and Yemen.


LG introduces world’s first 8K OLED TV at IFA 2018

Visitors were able to take a first look at the 88-inch 8K LG OLED TV at IFA 2018
Updated 28 min 51 sec ago
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LG introduces world’s first 8K OLED TV at IFA 2018

LG Electronics has introduced the world’s first 8K (7680 x 4320) OLED TV at IFA 2018 in Berlin, Germany. The 88-inch 8K LG OLED TV features over 33 million self-emitting pixels to produce the unmatched contrast ratio and true blacks that define OLED TV’s picture quality. 

With OLED TV shipments in the market expected to double in 2018 and reach over 9 million units by 2022, LG said it will continue to increase the OLED share in its premium TV portfolio and drive large-scale consumer adoption of OLED TVs. While the 8K TV market is still in its infancy, it is expected to grow to more than 5 million units by 2022.

Despite advancements in the LCD field, OLED has been often referred to as the “next-generation display technology” because it emits its own light, eliminating the need for any kind of backlighting. This allows for state-of-art TVs which redefine both the picture quality and the product design.

“LG’s first 8K OLED TV is the pinnacle of technological achievement and the next evolutionary step in display technology” said Brian Kwon, president of LG Home Entertainment Company. “4K OLED played a major role in reshaping TV industry and LG is confident that 8K OLED will do the same.”