Saudi Arabia shoots down Houthi drone headed toward Jazan

Hothis have increasingly used kamikaze drones as a weapon both in Yemen and Saudi Arabia. (AP/File photo)
Updated 22 June 2019

Saudi Arabia shoots down Houthi drone headed toward Jazan

  • Attack is the latest in a salvo of missiles and drones targeting civilian sites in the Kingdom
  • US has expressed increasing concern at the Iran-backed militia's behavior

RIYADH: Saudi Arabia's air defense forces shot down a "hostile drone" launched by the Houthi militia in Yemen towards Jazan on Thursday.

The drone was intercepted and destroyed at 9.06 p.m., Arab coalition spokesman Col. Turki Al-Maliki said. He added that the Iran-backed Houthis are constantly trying to hit civilian targets.

The attempted attack comes as the Houthis have ramped up efforts to hit inside the Kingdom since they struck Abha airport last week, wounding 26 people.

Earlier, the coalition said the Houthis targeted a desalination plant in the south-western Saudi province of Jazan. The projectile struck near the plant in the Al-Shuqaiq area late Wednesday. There were no casualties or damage.
The coalition will take "firm measures, urgent and timely, to deter this terrorist militia", Maliki said.

The White House said Thursday that President Donald Trump had been briefed about reports of the strike.
Human Rights Watch denounced last week's strike on the airport as an apparent "war crime", urging the Houthis to immediately stop all attacks on civilian infrastructure in Saudi Arabia.

The Houthis have fired scores of missiles at Saudi Arabia since the Arab coalition joined the conflict in 2015 - months after the Houthis overthrew the internationally recognized government from the capital Sanaa.

The Houthis rely on Iranian support and weapons and their targeting of Saudi Arabia has added to growing international anger and concern over Iran's actions in the region.

 


Moath Al-Naeem, chief investment officer of Alpha Capital

Updated 53 min 27 sec ago

Moath Al-Naeem, chief investment officer of Alpha Capital

Moath Al-Naeem has been chief investment officer of Alpha Capital since its establishment in March 2018.

Alpha Capital is a rapidly growing company licensed by the Capital Market Authority and with assets well above SR1 billion ($267 million).

Before joining the company, Al-Naeem worked for almost a decade in Saudi Aramco’s investment department, which handled the oil giant’s multibillion-dollar pension and savings plans.

Al-Naeem began his career as a financial analyst in fixed income and public equity desks. Afterwards, he led the international real estate desk, where he conducted an on-site investment review and due diligence on several funds to build the global real assets portfolio.

He worked on the restructuring of Aramco’s thrift savings plan and was part of a team that led the successful spin-off of the investment department to a standalone entity, Wisayah Investment Co.

Al-Naeem, a CFA charter holder, earned his MBA from Imperial College London, and attended executive programs in real estate and private equity at Harvard and London Business School, respectively.

He is a board member of Dammam Airport Co. and Siporex Lightweight Construction Co., and a member of the Investment and Financial Papers Committee at the Riyadh Chamber of Commerce and Industry. He was also a board member of the CFA Society in Saudi Arabia.