Saudi Shoura delegation to visit Cairo to enhance ties

Last month, King Salman inaugurated the third year of the Shoura Council’s seventh session. (SPA)
Updated 02 December 2018
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Saudi Shoura delegation to visit Cairo to enhance ties

  • Recently Saudi Arabia and Egypt signed a memorandum of understanding to activate a SR60 billion ($16 billion) investment fund

JEDDAH: A delegation of the Saudi-Egyptian Parliamentary Friendship Committee, headed by Shoura Council member Assaf bin Salem bin Faisal Abu Thuneen, will start an official visit to Egypt on Sunday.
Abu Thuneen said that the visit comes in the context of supporting bilateral relations in the field of parliamentary action between the Shoura Council and the Egyptian Parliament and enhancing joint cooperation between the two brotherly countries.
Recently, Saudi Arabia’s Crown Prince Mohammed bin Salman and Egypt’s President Abdel Fattah El-Sisi reviewed “strategic bilateral relations and discussed developments in the region “especially issues related to security and stability” and “fighting terrorism.”
Last week, Saudi Arabia and Egypt signed a memorandum of understanding to activate a SR60 billion ($16 billion) investment fund. They also signed agreements to continue cooperation in resolving political crises in the Middle East, and a commitment to environmental protection.
Last month, King Salman inaugurated the third year of the Shoura Council’s seventh session in which he highlighted the Kingdom’s priorities for the coming year and defined the contours of its domestic and foreign policies.


TheFace: Aghareed Abduljawad, supply chain director at Globe Group

Updated 38 min 48 sec ago
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TheFace: Aghareed Abduljawad, supply chain director at Globe Group

  • Aghareed Abduljawad is also the finance director at Abduljawad Holding Co.

It is a great honor for me to be featured in this space, not only to be representing the young women of society but also to be able to share my personal background story.

I am privileged to have been brought up in a home where both my parents did not discriminate between genders but rather promoted equality and equal opportunity and education among me and my siblings.

This shaped me into becoming the eager, persistent, determined, and some would even say competitive, person that I am.

My father has always been a role model for me in business. A well-rounded global engineer by education, a successful businessman by virtue, but more importantly he is my father.

He taught me always to remain strong, fearless, and brave but gave me all the opportunities to be successful by earning it rather than receiving it. This somehow constitutes the core of our business values at Globe Group.

Similar to every family business, boardroom discussions always somehow find themselves at the center of the dinner table, but this is where we can count on my wonderful mother to intervene.

As a graduate in English literature, she brings the arts and cultural side to our family which is always a nice break when we’re constantly thinking of how to grow a successful third-generation business. She is the motivation behind the enhancement of my language skills (truly capturing Arabic, French and English languages) and the hobbies we enjoy (such as playing the piano).

I graduated with a bachelor’s degree in finance from Prince Mohammad bin Fahd University in 2014 and currently hold the position of supply chain director at Globe Group, as well as finance director at Abduljawad Holding Co.

Abduljawad Holding is the investment arm of our business conglomerate, Globe Group. Globe is one of the most established logistics and transportation companies in the region and was founded by my late grandfather Fareed Abduljawad in 1976.

My journey at Globe started very early in my teens, when I enjoyed spending time with my father at the office and learning the trade. I realized with age that no matter how much corporate governance we tried to follow in the company, our code of ethics was very similar to values we were taught at home.

Nothing is given to you on a plate; you need to work hard and earn every merit. Globe is a company that was here before I was born, and we want to ensure it is around for the next generation, stronger and more successful than ever.

Because of our family nature, we tend also to treat our employees as family and end up being one big family running an operation. This goes back to how I was brought up with my siblings; we are much stronger as a team than as one.

Who do I aspire to be? An established, global and successful businesswoman leading the family name and business for the next generation to come, hopefully one day as the CFO.