Fahd bin Mohammed Al-Shebel, CEO of Saudi Arabia's National Unified Procurement Co.

Fahd bin Mohammed Al-Shebel
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Updated 25 September 2020

Fahd bin Mohammed Al-Shebel, CEO of Saudi Arabia's National Unified Procurement Co.

Fahd bin Mohammed Al-Shebel has been CEO of the National Unified Procurement Co. (NUPCO) since October 2017.
NUPCO is a leading company in Saudi Arabia in procurement, logistics and supply chain management for pharmaceutical and medical devices, and supplies for government hospitals.
It was established in 2009 with SR1.5 billion ($400 million) as capital, and is fully owned by the Public Investment Fund.
NUPCO recently opened a fully automated warehouse in King Abdullah Economic City, with an area covering 300,000 square meters, to provide comprehensive distribution and storage for the state health sector.
It comes as part of the company’s efforts to support the health sector and provide smart supply chains and high-quality logistical services.
Al-Shebel said the warehouse represents the strategic partnership between NUPCO and private sector companies for public health facilities. The warehouse will provide advanced medical services and contribute to public health.
From 2006 to 2017, Al-Shebel served in several positions
at information security company Elm, which offers a wide
range of ready-made and customized digital solutions in many areas. He started work at Elm as deputy manager for business development between 2006 and 2008, products and business development manager between 2008 and 2009, and government solutions manager between 2009 and 2012. His last post at Elm was executive manager between
2012 and 2017.
Al-Shebel worked for almost 10 years at the Public Pension Agency as an IT manager. He graduated from King Saud University in Riyadh in 1996.


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.