Sirens to ring out over Riyadh as Saudi’s Civil Defense test warning system

The test, which will also take place in Ad-Dilam, Diriyah and Khafji, are being carried out to ensure the sirens are effective and ready, Directorate of Civil Defense spokesman in Riyadh said. (Shutterstock)
Updated 18 September 2019

Sirens to ring out over Riyadh as Saudi’s Civil Defense test warning system

Warning sirens will sound over Riyadh on Thursday as the General Directorate of Civil Defense carries out tests on its public alarm system.

The test, which will also take place in Ad-Dilam, Diriyah and Khafji, are being carried out to ensure the sirens are effective and ready, Directorate of Civil Defense spokesman in Riyadh, Lt. Col. Mohammed Al-Hammadi, said.

The tests come as Saudi Arabia – backed by international world powers – investigates Saturday’s attacks on the Aramco oil facilities.

The Saudi Aramco facilities were hit in drone strikes earlier this week, causing fires to break out.

The Houthis claimed responsibility, but the United States believes the attacks originated in southwestern Iran, a US official told Reuters, an assessment that further increases tension in the Middle East.

In response, Iran issued a denial, warning it would respond to any attacks.


Moath Al-Naeem, chief investment officer of Alpha Capital

Updated 27 min 14 sec ago

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.