Saudi Arabia presents first VNR on sustainable development at UN headquarters

Updated 22 July 2018

Saudi Arabia presents first VNR on sustainable development at UN headquarters

NEW YORK: Saudi Arabia presented its first Voluntary National Review (VNR) during a High Level Political Forum at UN headquarters in New York last week.
The Kingdom participated in the forum with an official delegation from governmental, private and non-governmental organizations, headed by Faisal bin Fadel Al-Ibrahim, Vice Minister of the Ministry of Economy and Planning.
During his presentation at the forum, and with the participation of Mr. Yousif bin Abdullah Al-Bunyan, CEO of Saudi Basic Industries Corporation (SABIC) and Her Royal Highness Princess Al-Bandari Bint Abdulrahman Al-Faisal, he explained that Saudi Arabia’s march toward sustainable development is ongoing progress is being made.
The move is part of goals to achieve sustainable development and policies that support the development plans in the Kingdom, in addition of the collaboration of all parties from different sectors.
“Within the goals of Vision 2030, the Kingdom has come a long way in developing policies and governance of cooperation at many levels, especially sustainability,” he said.


Mohammed Al-Shammasi, CEO of Derayah Financial

Updated 22 sec ago

Mohammed Al-Shammasi, CEO of Derayah Financial

  • Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School

Mohammed Al-Shammasi has been the CEO of investment solutions company Derayah Financial since September 2016. Al-Shammasi has worked in the fields of financial services, strategy, corporate governance and investment for more than 16 years.

Previously, Al-Shammasi was the company’s chief investment officer, responsible for Derayah Financial’s overall investment activities covering multiple asset classes.

Before joining Derayah Financial, he was head of investment management at NCB Capital. Prior to that job, he was a portfolio manager at Riyad Bank.

Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School.

Recently, Derayah Financial added forex contract trading services to its offerings. Through the recently launched Derayah Global and Derayah Global Plus services, customers can buy and sell, follow real-time prices in international markets, and create follow-up lists for shares, option contracts, and exchange-traded funds (ETFs).

“Our platform allows eight types of selling and buying orders and provides real-time securities prices with the possibility of creating follow-up lists and viewing a series of options and all available contracts. We offer significant capital facilities, and our professionals are always 

there to answer customers’ questions and provide advice,” Al-Shammasi said at the launch of the new platforms.