FaceOf:  Adel Al-Eisa, media spokesman at the Saudi Arabia Monetary Authority

Updated 28 January 2019
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FaceOf:  Adel Al-Eisa, media spokesman at the Saudi Arabia Monetary Authority

Adel Al-Eisa has been the media spokesman for insurance companies at the Saudi Arabia Monetary Authority (SAMA) since January 2015, and chairman of the Media and Awareness Committee since January 2018. 

He is also a founding partner of Dar Al-Esnad Training Co. The company is specialized in insurance training based in Riyadh since 2016. 

Previously, Al-Eisa served as the chief executive officer (CEO) of Solidarity Saudi Takaful Company based in Riyadh between 2012 and 2015.

He also worked as the vice president of technical and acting CEO and as a technical manager between 2011 and 2012 at the same company.

Al-Eisa spent more than 18 years at Tawuniya Company for Cooperative Insurance in different capacities such as facultative inward manager between 2004 and 2007, and senior manager at the Facultative Reinsurance Department between 2007 and 2011. 

Al-Eisa holds a bachelor’s degree in operational research from King Saud University in Riyadh. He also holds a professional insurance certificate from the Bahrain Institute of Banking and Finance in Manama, Bahrain. 

SAMA is organizing an event on insurance protections and sustainability in March. It will be the largest gathering of Saudi insurance companies and the wider Gulf region to be held under the patronage of SAMA Gov. Ahmed Abdulkarim Al-Kholifey. 

The two-day Insurance Symposium (SIS) will see more than 1,000 specialists and insurance executives gather under one roof to discuss the prospects and challenges of the sector.

 “The symposium comes at a time in which there is strong public awareness of the importance of the role played by the Saudi insurance sector with regards to the economic transformation the Kingdom is currently undergoing,” said Al-Eisa. 


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.