Alinma CEO shares leadership insights at Cambridge event

Alinma Bank CEO Abdulmohsen Al-Fares was a featured speaker at the recent Cambridge Islamic Finance Leadership Program.
Updated 21 July 2019

Alinma CEO shares leadership insights at Cambridge event

Alinma Bank CEO Abdulmohsen Al-Fares was a featured speaker at the recent Cambridge Islamic Finance Leadership Program (IFLP), held at the University of Cambridge,  outside of London in the UK.
Al-Fares, who was named CEO of the Year by the Global Islamic Finance Awards, which is a program affiliate of Cambridge IFLP, spent more than an hour discussing his career in Islamic finance, his role in the establishment and growth of Alinma Bank, and his views on leadership and the vital importance of Islamic banking.
“It was indeed an honor to be asked to speak at such a worthwhile event, organized by a quality organization like Cambridge IFLP,” said Al-Fares. “The work they are doing truly supports banks like Alinma and others in the industry; and I feel strongly that with time, Islamic banking and finance will emerge as a fully-fledged alternative to conventional banking. I am, therefore, always pleased to support those organizations and individuals working toward this mission.”
Al-Fares thanked the organizers and lauded them for their efforts to enhance the profile of Islamic banking and finance.
Cambridge IFLP annually brings together 35-50 middle and upper managers from Islamic banking and finance institutions across the world. Over the course of a five-day intensive workshop held on the campus of the University of Cambridge, participants receive lectures on technical aspects of the industry, engage in group activities, and listen to lectures from experts and thought leaders within the industry.


New IHG office, leadership to drive growth in Saudi Arabia

Updated 26 January 2020

New IHG office, leadership to drive growth in Saudi Arabia

InterContinental Hotels Group (IHG), a global hotel company, has announced plans to open an office in Riyadh in March. The news comes as IHG continues to expand its portfolio in the Kingdom in response to Vision 2030 and the opportunities it presents to the tourism and hospitality sector. The new office will also drive the performance of IHG’s existing estate further in the country and simultaneously support the expanding portfolio, as well as the company’s ambition toward leading Saudization efforts in the industry, a statement said. 

To lead IHG’s business in Saudi Arabia, Bastien Blanc has been appointed as managing director, Saudi Arabia and Bahrain, effective March 1. In his current role with IHG, Blanc is responsible for leading the operations across IHG’s portfolio of hotels in the Middle East and Africa, including Saudi Arabia. He will also be responsible for driving both growth and performance for IHG in Saudi Arabia and Bahrain. With extensive experience of working in the Kingdom, Blanc has been deeply ingrained into the market. He has also been leading IHG’s Saudization efforts, which he will continue to drive further in his new role. Blanc will continue to report to Pascal Gauvin, managing director, IMEA, IHG. 

IHG has also appointed Saad Al-Ahmari as director of HR and government affairs, Saudi Arabia and Bahrain. Al-Ahmari joins IHG from Boeing, Saudi Arabia where he served as the head of human resources. As a senior HR practitioner and Saudi national, he is well versed with the transformation taking place in the Kingdom and has expertise in HR strategy, Saudization, change management, employee engagement, government relations, employment law, and talent management. 

HIGHLIGHT

The Riyadh office will be further supported by new roles, across functions including commercial, financial and procurement, learning and development and IT. 

Managing director Gauvin said: “Saudi Arabia is a key market for IHG in the Middle East. With Saudi Vision 2030 and the rapid socioeconomic transformation in the country, we believe the tourism and hospitality industry will continue to be presented with unparalleled opportunities. We are therefore, pleased to solidify our presence in the country with the opening of a new office in the capital city, and appoint a talented team led by Bastien, to drive our growth and performance in the market. We also have strong commitment and an ambition toward leading Saudization in the industry and the new structure will help us engage with and facilitate the development of Saudi talent.”

He added: “This is an important next step in our growth in the Kingdom of Saudi Arabia and is a truly significant move to solidify IHG’s position as one of the leading hospitality companies in the country.”