Al-Ikhbariyah Channel to be privatized

Updated 04 April 2016
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Al-Ikhbariyah Channel to be privatized

RIYADH: Culture and Information Minister Dr. Adel Al-Toraifi, chairman of the board of directors of the Saudi Press Agency (SPA), chaired the 8th meeting of the board in the presence of its members at his office in Riyadh on Sunday.
At the outset, Al-Toraifi delivered a speech in which he welcomed all the members, hoping that the board’s meetings would result in the agency’s progress and development.
Abdullah bin Fahd Al-Hussein, the president of Saudi Press Agency and vice chairman of the board of directors, briefed the board on the most important achievements during the last period and reviewed the agenda.
The board discussed topics on its agenda and took a number of decisions, where it approved the entry of the Saudi Press Agency as a partner with Radio and Television Commission in the establishment of Al-Ikhbariyah Channel Company according to the procedures and regulations.

The board approved SPA’s closing account for the fiscal year 1436/1437 AH and authorized the SPA president or his deputy to complete the discussion between the SPA and a number of regional and international news agencies, and sign memorandums of cooperation with them.


FaceOf: Rayed Al-Ajaji, CEO of KSA's Universal Metal Coating Company

Rayed Al-Ajaji
Updated 17 November 2018
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FaceOf: Rayed Al-Ajaji, CEO of KSA's Universal Metal Coating Company

  • Al-Ajaji professional experience spans more than 20 years and includes the markets of Saudi Arabia, the GCC, and other Arab countries
  • Al-Ajaji earned a bachelor’s degree in engineering management and a master’s degree in industrial management from the University of Miami between 1992 and 1997. 

Rayed Al-Ajaji is the CEO of the Universal Metal Coating Company Ltd. (UNICOIL) and chairman for the National Committee for Steel Industry (NCSI). He recently spoke at the 13th annual Arab Steel Summit in Amman about how the government and the private sector can work together to ensure future market competitiveness. 

“Despite the fact that so many of our manufacturers are producing at less than 50 percent capacity due to unfair competition, as a country we are a net importer of steel,” he said. “We are leaving billions of economic value on the table.

“We have an opportunity today to work together to stop that and keep this revenue in the country to help achieve our ambitious national growth plans. Our country has invested billions over the years in world-class facilities that manufacture the highest-quality steel products and we must work together to ensure it remains competitive and thriving.”

Al-Ajaji earned a bachelor’s degree in engineering management and a master’s degree in industrial management from the University of Miami between 1992 and 1997. 

He subsequently gained a diverse range of experience in various steel-manufacturing processes, including the commercial steel trade, building materials, and business process re-engineering. 

His professional experience spans more than 20 years and includes the markets of Saudi Arabia, the GCC, and other Arab countries.

NCSI is a not-for-profit organization set up by the Council of Saudi Chambers with a mandate to meet challenges, engage with industry members, and develop a culture of industrial and communal responsibility and commitment toward the realization of Saudi Vision 2030.