TheFace: Lamya Al-Fozan, leading female figure in finance

Lamya Al-Fozan, front right, with her father Dr. Mohammed Al-Fozan, sisters Khawlah, front, Al-Zahra, back right, and her mother mother Hussah Al-Megbel and brother Nasser. (AN photo by Ziyad Alarfaj)
Updated 02 August 2019

TheFace: Lamya Al-Fozan, leading female figure in finance

My family comprises six members, all representing the eagerness and determination of the Saudi dream. Our story begins with my father, Dr. Mohammed Al-Fozan, who decided to defy his lack of proficiency of English and seek a doctorate in finance from a leading university in the US. He started a family with his wife, Hussah Al-Megbel, who had a passion for the arts and social studies. They later returned from America and served as academics in their home country, before pursuing careers in consulting as well as managing private businesses.

My name is Lamya and I am their eldest child. I have worked hard to become a leading female figure in finance. I was able to reach my position in a time when it was rare for women to hold key roles in the industry. I am a driven professional who loves to inspire others and make a difference in my community. Finance has been my profession for the last 15 years, where I have consistently challenged myself by acquiring qualifications and continuing to attend education while working.

My sister Khawlah was a key marketing professional for one of the Kingdom’s leading banks. She has since started a new post as marketing director for a leading food and beverage company. Khawlah has a passion for building and growing brands. She is a proficient marketer and strategist with over 10 years of experience. She loves being part of a growing brand and making it stand out through the development of innovative strategies.

Al-Zahra, Khawlah’s twin sister, is a financial markets professional in the field of treasury, investment and market risk. She has also paved the way for other women in her field to follow in her inspiring footsteps.

Last but not least is my brother Nasser, named after his grandfather, who is as driven and outspoken as him and just as determined to succeed. He has an eye for detail and is a force to be reckoned with in the industrial development industry, through his role as a key credit professional with a major government entity. 


Attacks on oil facilities in Kingdom threaten world economy: Saudi energy minister

Updated 15 September 2019

Attacks on oil facilities in Kingdom threaten world economy: Saudi energy minister

  • Saudi Aramco says no staff have been injured in attacks
  • The oil giant is working on restoring the lost quantities

RIYADH: Saudi Arabia’s energy minister said drones that attacked Saudi Aramco installations had caused an interruption of an estimated 5.7 million barrels in crude supplies and threaten the world economy.

Prince Abdulaziz bin Salman said as a result of the terrorist acts, oil production in Abqaiq and Khurais was knocked out temporarily and that estimates show that 50 percent of the company’s production had been interrupted.

Part of the decrease will be compensated to clients through reserves, Prince Abdulaziz said in a statement carried on the Saudi Press Agency.

The newly appointed minister confirmed there were no injuries to staff at the locations targeted, adding that the company is still assessing the resulting damage.

The attacks not only target the Kingdom’s vital installations, but also target the international oil supply and threaten its security, he said, and are a threat to the world economy. 

The blasts took place at 3:31am and 3:42am at the two locations, both in the Eastern Province of Saudi Arabia, causing fires that were brought under control by emergency services.

The drone attacks, at the world’s largest oil processing plant at Abqaiq and at an oilfield in Khurais, highlight the importance of the international community to protect energy supply against “all terrorist sides that carry out, support and finance such cowardly disruptive acts,” the statement said.

He said that these blasts also knocked out the production of 2bn cubic feet of associated gas daily, used to produce 700,000 barrels of natural gas liquids, which will lead to an approximate 50 percent decrease of Ethane and natural gas liquids supply.

The statement said the company is currently working on restoring the lost quantities, and will present updated information within the next 48 hours.

World leaders condemned the attacks on Saudi Arabia on Saturday and those behind the terrorist acts. 

Donald Trump called Crown Prince Mohammed bin Salman to reassert his country's “readiness to cooperate with the Kingdom, by all means conducive to maintain its security and stability.”

The Crown Prince "underscored the Kingdom’s willingness and strength to thwart such a terrorist aggression and deal with its consequences,” SPA reported on Saturday.

The UAE said it “condemns this act of terrorism and sabotage and considers it as a new evidence of the terrorist groups’ attempts to undermine the security and stability of the region as a whole.”

“The Houthis must stop undermining Saudi Arabia’s security by threatening civilian areas and commercial infrastructure,” said the British government.

“The US strongly condemns today’s drone attacks. These attacks against critical infrastructure endanger civilians, are unacceptable, and sooner or later will result in innocent lives being lost,” said the US envoy in Riyadh John Abizaid.

US Secretary of State Mike Pompeo was emphatic about the need to condemn Iranian aggression, specifically on Saudi Arabia, and the need to ensure the security of world energy supplies.

“Tehran is behind nearly 100 attacks on Saudi Arabia while Rouhani and Zarif pretend to engage in diplomacy. Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world’s energy supply. There is no evidence the attacks came from Yemen,” he tweeted, “We call on all nations to publicly and unequivocally condemn Iran’s attacks. The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression”

The Houthis, who are backed by Iran, said they had carried out the attacks and that 10 drones had been used.