FaceOf: Mohammed bin Abdullah Al-Quweiz, Saudi Capital Market Authority president

Mohammed bin Abdullah Al-Quweiz
Updated 31 October 2018
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FaceOf: Mohammed bin Abdullah Al-Quweiz, Saudi Capital Market Authority president

  • began his career as a dealer at the Arab National Bank between 1996 and 1999
  • Al-Quweiz holds a bachelor’s degree in law from King Saud University in Riyadh

Mohammed bin Abdullah Al-Quweiz has been president of the Saudi Capital Market Authority (CMA) since July 2017. 

He began his career as a dealer at the Arab National Bank between 1996 and 1999. Then he moved to be a transactor at Samba Financial Group between 1999 and 2004. 

Al-Quweiz has been a member of a number of committees and boards, including the Investments and Capital Markets Committee and Young Businessmen’s Committee at Riyadh Chamber of Commerce and Industry.

He was also a member of the investment committees at Al Rajhi Company and King Faisal Foundation.

Al-Quweiz holds a bachelor’s degree in law from King Saud University in Riyadh, and a master’s degree in finance and entrepreneurship from the NYU Stern School of Business, New York. 

The CMA received a certificate of accreditation from the National Enterprises Architecture of the e-government program Yesser. This makes CMA the first government agency to reach the third level of institutional structure maturity.

Al-Quweiz commended the important role of the Yesser program in supporting government agencies during the process of digital transformation.

“The CMA benefited from the application of the institutional structure concept. It helped it achieve integration between the business sector and information technology, and to provide accurate and integrated information and performance indicators to help with the decision-making process.” he said.


Formula E drivers ‘enjoy’ Saudi Arabia’s cultural heritage

Updated 25 min 53 sec ago
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Formula E drivers ‘enjoy’ Saudi Arabia’s cultural heritage

  • Formula E drivers explored Saudi Arabia and the local community
  • After visiting the UNESCO World Site of Ad Diriyah which is home to the new race track, drivers also visited Masmak Fort

Formula E drivers explored Saudi Arabia and the local community as the 2018 ‘Saudia’ Ad Diriyah E-Prix festivities took place.

After visiting the UNESCO World Site of Ad Diriyah which is home to the new race track, drivers also visited Masmak Fort, built in 1865.

Oliver Turvey, from the United Kingdom was part of a trio of drivers from team NIO who on Thursday took the opportunity to learn more about the fort’s heritage and history. He also took the time to look ahead to the big race, which makes Formula E’s debut in the Middle East. 

“I am really enjoying being here in a different culture. We want to show that electric cars are fast and strong,” he said. 

Teammate Tom Dilmann was already anticipating Saturday’s action.

“The track looks exciting, I’m really looking forward to it and am very excited for the race. Showing that we can race electric cars in the city, the future is here,” he said.

Jammy Chadwick, also from the UK, will be part of racing history in Saudi Arabia when she joins several other women on the starting grid of a ‘Rookie Test’ to discover new Formula E talent.

“This will be my first proper official test this Sunday, it’s a huge opportunity for me to learn and try the experience. It’s a positive message to have female drivers competing for the first time in Saudi, it sends a clear message of welcoming to everyone,” she said.

It was back to the future for drivers from the Mahindra Racing as they warmed up for the big race of Saturday taking on local competition, in the form of excited school children, at the Doos Karting Track in Riyadh.

They were cheered on by Prince Khalid bin Sultan, President of the Saudi Arabian Motor Federation, who joined the fun.

Jerome d'Ambrosio, Felix Rosenqvist and Nick Heidfeld were put through their paces by children from King Faisal elementary and Trbiyah Namouthajiyah Schools.

Noura AL Shebani, 12, and Fahad Al Shenefi, 8, had the “time of their lives” racing against the Formula E drivers.

“If I had a little bit more time I could have won,” Noura told the race drivers after the race.

Belgian racer Jerome d’Ambrosio said: “We always have a wonderful and fun time karting. It reminds us of when we were young. Karting is almost how all racing drivers start, and we enjoy every opportunity like this one to just have fun.”

Meanwhile, Swedish driver Rosenqvist loved that the go-karts were electric, in keeping with the rather much bigger race about to unfold on Saturday.

He said: “Even at this level you can feel the instant power when coming out of a turn unlike Go Karts with combustion engines. It’s also better because when you can have indoor tracks which are very convenient in Saudi.”