Mobily appoints Khaled Abanami as CFO

Mobily Chief Financial Officer Khaled Abanami.
Updated 10 July 2019

Mobily appoints Khaled Abanami as CFO

Etihad Etisalat (Mobily) has announced the appointment of Khaled Abanami as chief financial officer (CFO), succeeding Kais Ben Hamida.

“Mobily seeks to attract highly qualified Saudis to bolster its position and leadership in the ICT sector. This appointment underscores the company’s keenness to strive to empower national talent to lead the company’s key roles,” said Mobily Chief Executive Salman Albadran.

He said that Abanami enjoys vast experience in leading finance functions with extensive knowledge in the telecom sector, financial restructuring, finance, cost reduction, IFRS implementation and digital transformation. Albadran said he is confident that Abanami will be a strong asset to Mobily, helping lead the company towards its next phase of growth and value creation. 

Abanami has over 22 years of professional and academic experience. He was appointed as a finance lecturer at the College of Business Administration in King Saud University in 1996. Later, he moved to build his experience in the telecom sector at STC, where he held a number of senior positions at the group level and at its Viva Kuwait subsidiary. At Viva, Abanami led the finance, logistics, facility management, procurement and contracts teams during the company’s establishment phase. In 2013, he became the CFO and acting vice president of shared services at Saudi Railway Company. Previously, he was the financial controller at the National Water Company, where he managed the consolidation, budgeting and planning of the company.

Abanami was an honor student at King Saud University — College of Business Administration and holds an MBA from Sam Walton College of Business University of Arkansas.

ICD & We-Fi empower women entrepreneurs

Updated 18 September 2019

ICD & We-Fi empower women entrepreneurs

With the aim of discussing how the Islamic Corporation for the Development of the Private Sector (ICD) and the Women Entrepreneurs Finance Initiative (We-Fi) can expand their relationship and integrate the gender themes into ICD’s operations and businesses, a meeting was held between Ayman Amin Sejiny, CEO of ICD; Wendy Teleki, head of We-Fi secretariat; and Samir Suleymanov, director strategic initiatives, World Bank, at ICD’s premises in Jeddah recently. The parties discussed the development and promotion of women’s entrepreneurship through innovative sustainable solutions to increase women’s access to economic opportunities in developing countries. 

Teleki highlighted the main objectives of We-Fi, which is to support women entrepreneurs around the world through programs that provide financing, capacity building and also promote enabling environments that allow women to become entrepreneurs and grow their businesses. We-Fi uses an ecosystem approach to develop programs at the country level that will break down barriers and create more opportunities for women.

During the meeting, Ayman said: “ICD and We-Fi are working together to enhance their initiatives and mandates in supporting the female society in all ICD’s member countries. We want to ensure that our lines of finance and our relationship with the 102 directly connected financial institutions we are dealing with will further enhance the funding, training to women entrepreneurs and to provide the required necessary support to women in all our member countries.”

Teleki said that We-Fi has six implementing partners (IP) and the Islamic Development Bank (IsDB) is one of them. “IsDB, along with ICD is supporting women entrepreneurs in fragile countries. In Yemen, they have a very interesting ongoing program named BRAVE Women. They target to train up to 500 women to learn to develop business plans in fragile and high-risk contexts and up to 400 of them will get access to funding on a matching grant basis. This program aims also to develop the relationship between those women entrepreneurs with the local banks and also lead companies to make sure those women have access to finance and markets to grow their businesses. Moreover, the IsDB and ICD will be implementing soon this BRAVE Women program in two other countries to improve the women’s entrepreneurship potential in key economic sectors and we look forward to seeing those programs happening in future,” she said.

We-Fi is a global platform that seeks to support over a 100,000 women around the world in the next five years and mobilize at least $2 billion from the public and private sector for further activities.