Over 200 chess players from 17 countries taking part in Saudi chess tournament

The tournament will be played in nine rounds according to the Swiss System. (SPA)
Updated 16 March 2019

Over 200 chess players from 17 countries taking part in Saudi chess tournament

  • The tournament is open to men and women, with a total cash prize of $40,000

HAIL: The first Hail International Rapid Chess Championship, organized by the Saudi Chess Federation and the Hail Chamber of Commerce and Industry, started Friday under the patronage of Hail Gov. Prince Abdul Aziz bin Saad bin Abdul Aziz.
More than 200 local and international chess players from 17 countries are participating in the four-day tournament.
The governor of Hail said the event was the outcome of government efforts to engage all provinces.
“The Kingdom is making great strides in organizing various international events with participation from around the world, and Crown Prince Mohammed bin Salman is continuously pushing the country forward to occupy a distinguished position in every international sphere. We aspire for the success of these opportunities and hope that they all contribute to Hail’s success.”
The tournament will be played in nine rounds according to the Swiss System, whereby players are never eliminated but are instead paired in every round against someone with the same or similar number of points in the tournament. The winner is the player who earns the most points by the end of the tournament.
Abdullah bin Marzouq Al-Adim, vice chairman of the Council of Saudi Chambers and chairman of the Hail Chamber of Commerce and Industry, said the idea for the championship was suggested by a Hail local. He added that more than 14 international champions, including some from Hail, were taking part. “The participation of local champions is in itself a gain for the province. The Hail International Rapid Chess Championship was adopted by the World Chess Federation (FIDE) to occupy a place in the international calendar.”
He thanked the governor for his support.
The tournament is open to men and women, with a total cash prize of $40,000, according to information posted on the World Chess Federation website.


Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency

Updated 9 min 16 sec ago

Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency

Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency

 

Mohammed bin Talal Al-Nahhas has been the governor of the Public Pension Agency since Aug. 2016.

He played a vital role in establishing, developing and operating the largest network of Islamic banking branches in the Kingdom and the Middle East with a capital of SR15 billion ($4 billion), Alinma Bank.

He has worked as an executive director and banker, and has more than 32 years of experience in banking, business development and management.

Al-Nahhas obtained his bachelor’s degree in administrative sciences from King Saud University, Riyadh, in 1984, and completed an executive management program from the University of Michigan in 1998.

He took part in teaching banking science at the Institute of Public Administration between 1993 and 1995, and actively participated in establishing and developing compliance management and applying the corporate governance system in banks between 2003 and 2015. He also actively participated in the implementation of several administrative programs related to the management of human capital.

Al-Nahhas is a member of the board of directors in many institutions such as the General Organization for Social Insurance, the National Center for Privatization, Saudi Basic Industries Corporation, Saudi Telecom Company and ACWA Power among others.

On Friday Al-Nahhas thanked King Salman and Crown Prince Mohammed bin Salman for issuing a royal order extending his service as governor of the Public Pension Agency.

He expressed his pride in their trust, praising the great support and care the General Pension Agency received and the direct interest from the Kingdom’s leadership. He also said that the Public Pension Agency aspired to achieve the ambitious national plans set out in the Vision 2030 reform plan.