KSA-based firms win awards for business excellence

Renewable energy can be an effective source of energy as well as a viable commercial investment.
Updated 04 December 2018

KSA-based firms win awards for business excellence

Saudi Arabia won three major honors at the recently concluded MEED Awards, a leading recognition program honoring the contributions of organizations and individuals toward the socio-economic development of the region.

Samba Financial Group won Bank/Financial Institution of the Year, while ACWA Power was recognized as Renewables Company of the Year. 

Saudi national Dr. Hibah Shata, managing director and co-founder of Child Early Intervention Medical Center, was presented with the Female Leader of the Year award, in association with NMC, for her visionary leadership and contributions to helping achieve meaningful change in Saudi society.

MEED Awards judges commended Samba for maintaining its strong performance whilst operating in a tough macro-economic environment. It also earned praises for addressing key issues and giving back to the community through initiatives such as the low-income housing program. 

ACWA Power, meanwhile, was recognized for its “commitment to excellence in the development of renewable energy in the region, and for showing that utilities-scale renewable energy can be an effective source of energy as well as a viable commercial investment. Its long list of achievements includes at least two world records and an impressive track record for safety and project delivery.”

Samba Financial Group, ACWA Power and Dr. Hibah Shata were three of several individuals and organizations recognized by MEED Awards for their outstanding contributions to the economic success of the GCC, with Maitha bin Adai, CEO of the Traffic and Roads Agency at Dubai’s Roads and Transport Authority, receiving the MEED Editor’s Award for Lifetime Achievement.

“We congratulate the winners of this year’s edition of the awards, and salute their unwavering commitment to business excellence, quality and innovation. Through the MEED Awards program, we hope to put their achievements in the spotlight not only to celebrate their success, but also become an inspiration to others,” said Louise Baird, head of events, MEED.

The MEED Awards gives companies the chance to tell their success story to a regional audience, regardless of size or industry.

The judges look at business achievements, environmental sustainability programs, workforce culture, innovative practices, and client service. In parallel, individual achievements among the leadership of each company and stakeholder are also recognized.

Bahri’s maritime solutions on show

Updated 20 February 2019

Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.