Effat student wins EY corporate finance award

Yara Bugis, a Saudi female student from Effat University, received the EY KSA Corporate Finance Woman of the Year (CFWY) award at a ceremony held in Riyadh.
Short Url
Updated 06 January 2020

Effat student wins EY corporate finance award

Yara Bugis, a Saudi female student from Effat University, has been named the winner of the EY KSA Corporate Finance Woman of the Year (CFWY) award at a ceremony held in Riyadh. Bugis was selected from a group of six finalists who competed at the national level in the Kingdom. Following her win, Bugis will now compete against finalists from 21 other countries, including: Australia, Bahrain, Germany, Japan, Norway, Russia, Singapore, the UAE, the US, and the UK.

The win will also see Bugis secure an internship with EY, along with an opportunity to join the graduate program.

Bugis said: “This win has empowered me and given me the confidence to further explore what the world of transaction advisory services has in store for me, and the potential that a career in this field has. I also look forward to representing my country at the global competition in Rome and hope to bring home the first global win for the region.”

Held for the second time in Saudi Arabia, the CFWY competition is an initiative by EY (Ernst & Young) to identify future Saudi talent and encourage the next generation of female finance professionals to explore unconventional sectors within the industry.

The finalists in the competition included Anoud Saber from King Abdul Aziz University, Buna Al-Fahr from King Saud University, Lolwah bin Saedan from Alfaisal University, Nada Al-Jumah from King Saud University, and Nawal Al-Shaiban from Princess Nourah bint Abdul Rahman University.

FASTFACT

Following her win, Yara Bugis will now compete against finalists from 21 other countries, including: Australia, Bahrain, Germany, Japan, Norway, Russia, Singapore, the UAE, the US, and the UK.

Rana Sanyoura, transaction advisory services (TAS) partner and CFWY sponsor, EY, said: “It is truly inspiring to learn about these female students’ stories and ambitions. I am confident this experience will drive a tangible positive change for Saudi women who seek career opportunities in transaction services and corporate finance across the public and private sector. EY is delighted that it is able to do its part to support Saudi females and empower them to build a better tomorrow for themselves and their country.”

The competition for the Corporate Finance Woman of the Year award in Saudi Arabia received applications from several universities across the country. The submission process required candidates to determine how they would create a lasting legacy as a future Saudi leader. They were also required to offer their points of view on a recent business transaction in Saudi Arabia that was of interest to them. Following deliberations, the finalists presented their answers to the regional leadership and transaction advisory services (TAS) professionals from EY, along with group workshops and one-to-one interviews.


LuLu stores in Saudi Arabia launch Indian food festival

Updated 13 August 2020

LuLu stores in Saudi Arabia launch Indian food festival

  • The week-long event, in celebration of India’s Independence Day, features about 2,000 products

LuLu Hypermarkets is celebrating India’s Independence Day, which falls on Aug. 15, with an Indian-themed food festival across its stores in Saudi Arabia.

The week-long promotion, which continues until Aug. 18, features about 2,000 Indian products, including organic groceries, fresh foods, ethnic delicacies and desserts.

“We are trying to showcase the versatility and diversity of Indian food products handpicked by our well-spread supply chain in India and across the world,” said Shehim Mohammed, director of LuLu Hypermarkets Saudi Arabia.

The proximity of India to the Kingdom means that more fresh products arrive regularly, he added, most of which are flown in to maintain their freshness “as we move closer to a farm-to-fork concept in (the Kingdom), featuring both locally and internationally sourced ranges.”

As Saudi Arabia gears up for the start of the new school term, LuLu has also launched its back-to-school promotions.