Alinma Bank chief honored by Top CEO in Bahrain

Alinma Bank CEO Abdulmohsen Al-Fares received the award during the 5th annual Top CEO Conference & Awards 2019 in Bahrain.
Updated 24 April 2019
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Alinma Bank chief honored by Top CEO in Bahrain

Alinma Bank CEO Abdulmohsen Al-Fares was recently lauded during the 5th annual Top CEO Conference & Awards 2019 in Bahrain for his leadership role at Alinma.

The event, which was attended by numerous CEOs and thought leaders from across the GCC, featured a keynote address by renowned American economist and author Nouriel Roubini. CEOs from a range of sectors were honored for their contributions over the past 12 months in steering their respective companies to success. Al-Fares was recognized in the Shariah-compliant Banks & Financial Institutions category.

Al-Fares thanked the organizers and expressed his appreciation for the efforts exerted by all the employees of the bank.

“I am truly grateful for this honor from Top CEO,” he said. “Award programs are an important part of the business ecosystem in the GCC, and having access to credible, transparent programs such as Top CEO provides companies in the region with an effective way to measure performance.”

“I am particularly proud of Alinma’s qualified staff members, whose dedication to excellence has made this achievement possible,” Al-Fares added. “As CEO, I must set the tone for my organization, but I must then be able to rely on upper management and staff to execute. And our execution in 2018 is something of which we are proud. I look forward to continued sustainable success at Alinma Bank.”

The Top CEO Awards are known for their transparency and strict adherence to competitive formulas in tallying annual CEO rankings in the GCC region. Teaming up with INSEAD Business School, global auditor KPMG, Hawkamah Institute for Corporate Governance, TRENDS magazine and Mediaquest, has ensured that only the highest standards are applied in the vetting of award nominees.

Alinma Bank has, in the 10 years since its launch, established itself as a leader in sustainable growth in the region, and has been named the fastest-growing bank in Saudi Arabia for six of the past seven years. Additionally, Al-Fares was most recently named as the CEO of the Year at the Global Islamic Finance Awards in Sarajevo.


Role of Indian engineers in KSA lauded at IEF meet

Updated 17 July 2019
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Role of Indian engineers in KSA lauded at IEF meet

Indian Engineers Forum (IEF) Jeddah Chapter recently held its 13th annual general meeting at Hotel Ramada Continental.

Ambassador of India to Saudi Arabia Dr. Ausaf Sayeed graced the event as chief guest and Consul General of India Noor Rahman Sheikh was guest of honor. IEF President Mohammed Sayeeduddin presided over the function.

Expressing appreciation for the activities of the forum, Ambassador Dr. Sayeed recalled its foundation in 2016 during his tenure as consul general of India in Jeddah.

He lauded Sayeeduddin, Amir Khan, Shuja Sheriff and other members and engineers for the activities of the forum and their contribution to the development of Saudi Arabia. Dr. Sayeed highlighted scarcity of water as an acute problem in the world in general and in India in particular. He shared his experience of interacting with engineers in the US, who developed a water condensation machine to extract water from humid air.

Consul General Noor Rahman Sheikh applauded IEF for its services to the engineering community in Saudi Arabia. He highlighted how the excellence of Indian engineers in each sector has impacted society. 

“Our zeal to be the best in whatever we do was demonstrated during last year’s Hajj. The mobile app developed by the Consul General of India is going to help the 200,000 pilgrims expected to come this year,” he said.

Amir Khan, founder and chairman of IEF, said IEF provides a platform for networking, career advancement, community service, and technology exchange. He urged Indian engineers to play a vital role in the development of Saudi Arabia, which he said would help strengthen the relations between India and the Kingdom.

Sayeeduddin thanked Dr. Sayeed for his support in the foundation of IEF. He announced that, having served as founding president for the last 13 years, he is now stepping down and the new president, unanimously elected, will be Khan Mustafa.

Nadeem Ahmed Ali, executive member of IEF, delivered a presentation on digital disruption.

Syed Nasir Khursheed, IEF general secretary, conducted the program.

Indian real estate advisory firm/ institutional channel partner 360 Realtors LLP participated in the event and were the main sponsors. A presentation covering major construction, residential and commercial projects in India was made by S. K. Vivek Kumar, head of international sales, 360 Realtors. Amit Hariyal also delivered a presentation on residential projects across the Indian cities of Bangalore, Chennai, Hyderabad and Pune. 

Abdul Rahman, general manager of TA Infra Projects, expressed happiness to be part of the IEF.

Khader Memon made a presentation titled “Special Investment Plan.”

The chief guest, guest of honor and sponsors were presented mementoes as a token of appreciation by the IEF president and executive committee. This was followed by the release of the annual magazine of the forum, Spectrum 2019, edited by Muazzam Sayeed.

A lively session of quiz was conducted by Munnawar Amafh. 

The event was attended by a number of guests from across the Kingdom, including Abdul Haseeb Hazari, Danish Ghafoor, Siadat Ali Khan, Shameem Kausar and Ahmed Omais.

The program started with a recitation of the Holy Qur’an by Talha Khan. Ashraf Nawaz Qureshi, IEF treasurer, welcomed the guests.

IEF Vice President Abu Bakar Sherkhan introduced the chief guest while Mohammed Shoebuddin, IEF chief coordinator, presented a vote of thanks.