Mohammed bin Saeed Al-Jaber, Saudi ambassador to Yemen

Mohammed bin Saeed Al-Jaber
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Updated 03 June 2020

Mohammed bin Saeed Al-Jaber, Saudi ambassador to Yemen

  • Al-Jaber was appointed ambassador 10 days before the Houthi coup of September 2014

Mohammed bin Saeed Al-Jaber is the Kingdom’s ambassador to Yemen and the executive director of Yemen Comprehensive Humanitarian Operations.

He is also the general supervisor of the Saudi Development and Reconstruction Program for Yemen. 

Al-Jaber was appointed ambassador 10 days before the Houthi coup of September 2014.

He obtained his bachelor’s degree in military sciences from King Abdul Aziz Military College and a master’s degree, also in military sciences, from the Saudi Armed Forces Command and Staff College.

He was assigned political and military roles in strategic planning and negotiation, as well as in security, before taking on his role as head of Saudi Arabia’s diplomatic mission in Yemen.

Al-Jaber led the Saudi delegation in the Geneva Consultations on Yemen peace talks in 2015 and the Yemen peace talks in Kuwait in 2016.

He also represented the Saudi Ministry of Defense at the quadrilateral border security dialogue in the US.

The Kingdom co-hosted a UN pledging event on Tuesday, and remains the top backer of the war-ravaged country with a $500 million pledge. Al-Jaber said it was a continuation of Saudi efforts to serve the Yemeni people on all fronts — humanitarian, economic, and development.

Saudi Arabia “is the biggest supporter of Yemen, with a total value of humanitarian and development aid amounting to about $17 billion,” he said.

The envoy highlighted the Kingdom’s humanitarian role and efforts, adding that it topped the donor countries in response to the UN humanitarian plan for Yemen in 2018 with $500 million, $750 million in 2019, and that it was also carrying out initiatives and programs through the King Salman Humanitarian Aid and Relief Center.

Saudi investors share expertise on Saudi corporate VC opportunities

Updated 27 November 2020

Saudi investors share expertise on Saudi corporate VC opportunities

JEDDAH: The two-day Step Saudi 2020 event featured two prominent Saudi figures in the field of investment on the second day.
Hashim Al-Awadi, CEO of Tech Invest, and Salman Jaffery, chief investment officer at Saudi Aramco Entrepreneurship Ventures, both shared their expertise, with the latter saying it is more beneficial for corporations to start a venture capital (VC) arm than invest from their current mergers and acquisitions arm (M&A).
Managing partner at Class 5 Global, Zach Finkelstein, who moderated the session on the second day of the event, said the San Francisco-based venture fund invested in a number of companies in the Middle East.
“The Middle East is particularly interesting to us, and in the past, our partners have invested in such regional companies as Careem. We’re excited to explore the development of the corporate VC space and how it can impact places like Saudi Arabia,” he added.
When asked why a corporation should start a VC arm instead of investing from an M&A team, and why have a separate corporate Venture Capital arm in the first place, Jaffery answered that “it brings faster results.”
“I think the easiest answer to that is just speed and agility,” he said. “Getting that response quickly to the market. VC deals can take weeks or months whereas an M&A transaction can take up to a year or longer, and also similarly, if you’re trying to then come out of it, it’s harder to come out of a joint venture agreement or an M&A as opposed to a VC.”
Al-Awadi explained his opinion a traditional VC perspective, and said: “We like the fact that corporations can invest from both their M&A arms and their VC arms if they have them.”
He highlighted that VC arms can invest in a greater variety of companies. “You have the intelligence, you know the market and if you’re looking at specific technology where we don’t have a lot of expertise we trust that you (other venture capitalists) know the market and you can evaluate that technology better to see if it has the capability and potential for growth or not.
“Eventually, you do have an M&A arm that will provide an exit for us, for an incentive for this company to work hard to grasp the intention after having been invested in by the VC arm of this big corporate to maybe look into making a partial agreement or complete acquisition, which really adds an incentive for the company to grow and attracts other investors and also attracts talent to join the company and help it grow even more.”
He said both the VC and M&A arm are important for company growth. “We tend to look at corporate investors through both arms as complementary to what we do when we have both of them around.”
The Kingdom has obtained a high reputation among investors internationally through the years, especially after the economic and social reforms of Saudi Vision 2030.
Step Saudi is home to the Kingdom’s best entrepreneurs, investors, creatives and digital enthusiasts. The last edition of Step Saudi featured four content tracks, more than 100 startups and over 1,500 attendees.