Iran to face ‘very, very strong reaction’ if it closes Strait of Hormuz: Al-Jubeir

Al-Jubeir was meeting with Arab and international media outlets. (SPA)
Updated 22 June 2019

Iran to face ‘very, very strong reaction’ if it closes Strait of Hormuz: Al-Jubeir

  • Al-Jubeir affirmed that the Kingdom was consulting with allies to secure water corridors and was exploring several options

LONDON: Saudi Arabia’s Minister of State for Foreign Affairs Adel Al-Jubeir has said that if Iran closes the Strait of Hormuz there will be a “very, very strong reaction.”

In a press meeting with Arab and international media outlets on the sidelines of his official visit to London, Al-Jubeir said that “calm is required in the region, but we cannot reach that end as Iran’s hostile behavior has inflicted a great deal of harm.”

He stressed that the Kingdom did not want a war with Iran but that the international community was determined to confront aggressive Iranian behavior.

Al-Jubeir affirmed that the Kingdom was consulting with allies to secure water corridors and was exploring several options. He said that there was sufficient evidence to blame Iran over the recent attacks on oil tankers.

Iranian hostilities on maritime navigation affected the world, he said. The attacks on four oil tankers off UAE’s Fujairah port and two tankers in the Gulf of Oman were acts of sabotage which Iran was accused of being involved in. He called on Iran to change its hostile behavior, stop supporting terrorism and return to being a normal state.

Al-Jubeir said that it was absurd to imagine that any party was trying to drag major powers into a war with Iran.

On a judgment issued by the UK Supreme Court to review the licenses to sell arms to Saudi Arabia, Al-Jubeir explained that the British ruling on arms sales is procedural and an internal matter.


Moath Al-Naeem, chief investment officer of Alpha Capital

Updated 17 October 2019

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.