FaceOf: Sarah Al-Suhaimi, Saudi Arabian stock exchange chairwoman

Sarah Al-Suhaimi
Updated 28 October 2018

FaceOf: Sarah Al-Suhaimi, Saudi Arabian stock exchange chairwoman

  • Al-Suhaimi has also been the chief executive officer and a board director of the National Commercial Bank (NCB Capital) also known as Al-Ahli Bank, since March 2014
  • Al-Suhaimi was named one of “50 people to watch” by Bloomberg Businessweek in 2017

Sarah Al-Suhaimi has been the chairwoman of the Saudi Arabian stock exchange (Tadawul) since February 2017, the largest stock market in the Middle East, and she is the first Saudi woman to hold the position.

Al-Suhaimi has also been the chief executive officer and a board director of the National Commercial Bank (NCB Capital) also known as Al-Ahli Bank, since March 2014. 

Al-Suhaimi attained her bachelor’s degree in accounting from King Saud University in Riyadh with highest honors, and has completed the general management program at Harvard Business School in Boston, Massachusetts, US in 2015.

Prior to her current position, Al-Suhaimi served as the vice chairperson of the advisory committee to the board of the Capital Market Authority between 2013 and 2015. 

Al-Suhaimi worked as the chief investment officer at Jadwa Investment, where she led the asset management and wealth management business lines and was also a member of its management committee between 2007 and 2011.

Al-Suhaimi was named one of “50 people to watch” by Bloomberg Businessweek in 2017. It wrote: “The first woman to chair Saudi Arabia’s stock market, she will preside over the exchange with what’s likely to be the world’s most valuable business once Saudi Arabian Oil Co., the state-run oil company, completes its initial public offering (slated for 2018).”

Speaking at the Future Investment Initiative (FII) in Riyadh, she said: “We want to be closer to the world. We want to keep increasing standards of corporate governance in our companies, and we welcome all investors to come and talk to us, and talk to the regulators.”


Saudi health minister promises to procure tested vaccine

Saudi Health Minister Tawfiq Al-Rabiah. (AP)
Updated 20 October 2020

Saudi health minister promises to procure tested vaccine

  • COVID-19 cases continue to decline in Saudi Arabia

JEDDAH: Saudi Health Minister Dr. Tawfiq Al-Rabiah on Monday said the Kingdom will procure vaccine for the novel coronavirus once it is confirmed to be safe and effective.

He said research on the vaccine is underway in a number of countries and the Saudi health authorities are following the developments.
The number of coronavirus disease (COVID-19) cases continues to decline in the Kingdom with the recovery rate from the illness rising to 96 percent. The minister attributed the decline on the “commitment to health precautions.”
“I also thank my fellow health practitioners for their wonderful efforts,” Al-Rabiah said.
Commenting on the second and stronger wave of COVID-19 in some countries, he said it was due to a lack of “commitment to social distancing” and failure to wear masks and taking other precautions.
He ruled out any leniency on part of the government in its fight against the virus. The minister said it is necessary to abide by precautionary measures to keep the virus at bay.

FASTFACTS

• Saudi Arabia recorded 381 new infections on Monday.

• With 16 new fatalities, the virus-related death toll has risen to 5,201.

“We (all) are in one boat, and the failure of some affects everyone, so we must work together” to check the spread of the virus.
He also advised people who show COVID-19 symptoms to visit Tetamman (rest assured) clinics.
“Appointments can be made through the ministry’s Sehaty app, and anyone who has any questions or wants to consult a doctor can call 937,” the minister said.
Saudi Arabia recorded 381 new infections on Monday. The total number of COVID-19 cases has reached 348,583 since the beginning of the outbreak in the Kingdom.
The Health Ministry said 16 more people died due to complications caused by the virus raising the death toll to 5,201. The ministry also reported 357 new recoveries. The total number of recovered cases has now increased to 328,895.