Mohammed Al-Shammasi, CEO of Derayah Financial

Updated 23 August 2019
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Mohammed Al-Shammasi, CEO of Derayah Financial

  • Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School

Mohammed Al-Shammasi has been the CEO of investment solutions company Derayah Financial since September 2016. Al-Shammasi has worked in the fields of financial services, strategy, corporate governance and investment for more than 16 years.

Previously, Al-Shammasi was the company’s chief investment officer, responsible for Derayah Financial’s overall investment activities covering multiple asset classes.

Before joining Derayah Financial, he was head of investment management at NCB Capital. Prior to that job, he was a portfolio manager at Riyad Bank.

Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School.

Recently, Derayah Financial added forex contract trading services to its offerings. Through the recently launched Derayah Global and Derayah Global Plus services, customers can buy and sell, follow real-time prices in international markets, and create follow-up lists for shares, option contracts, and exchange-traded funds (ETFs).

“Our platform allows eight types of selling and buying orders and provides real-time securities prices with the possibility of creating follow-up lists and viewing a series of options and all available contracts. We offer significant capital facilities, and our professionals are always 

there to answer customers’ questions and provide advice,” Al-Shammasi said at the launch of the new platforms.


Saudi Arabia’s Defense Ministry to show Iranian weapons used in Aramco attacks

Updated 8 min 43 sec ago

Saudi Arabia’s Defense Ministry to show Iranian weapons used in Aramco attacks

  • Press conference sceduled for 5.30 p.m. Saudi time in Riyadh
  • Officials will show evidence on Iran’s involvement in the Aramco attacks

RIYADH: A Saudi Defense Ministry spokesman will hold a press conference on Wednesday to provide information about Saturday’s attack on Aramco.

The conference at 5.30 p.m. Saudi time (2.30 p.m. GMT) will show evidence on Iran’s involvement in the Aramco attacks. It will also show Iranian weapons that were used in the attacks.

Earlier, the Saudi ambassador to London said Iran was almost certainly behind the attacks on an oil processing facility and an oil field that cut the Kingdom’s oil production by half. 

The US has blamed Iran for the attacks and officials told Reuters that they originated in south-western Iran and involved cruise missiles and drones.

Iran-backed Houthi militants initially claimed they had carried out the attack from Yemen, where Saudi Arabia is part of a coalition supporting government forces fighting the militia. 

*With Reuters