Saudi Arabia leads Arab world in global AI index

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Updated 05 December 2020

Saudi Arabia leads Arab world in global AI index

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  • The Kingdom advanced by seven places on the index, moving up from 29th place in 2019

RIYADH: Saudi Arabia has been ranked first in the Arab world and 22nd globally in the Global Artificial Intelligence Index.
Prepared by the Tortoise Intelligence report, it is the first global index to benchmark nations on their level of investment, innovation and implementation of artificial intelligence.
The Global AI Index is based on 143 separate indicators. Saudi Arabia ranked second worldwide in the “government strategy” category, took ninth place globally in the “operating environment” standard and 12th in the “research” rankings. It also took 22nd place for infrastructure and was ranked 46th in the “talent” and “commercial” categories.
The Kingdom advanced by seven places on the index, moving up from 29th place in 2019. The US ranked first followed by China, the UK, Canada, Israel, Germany, the Netherlands, South Korea, France and Singapore.
Commenting on improving seven places in the index, Abdullah bin Sharaf Al-Ghamdi, chairman of the Saudi Data and Artificial Intelligence Authority (SDAIA), said: “The Kingdom’s progression to seven places in the Global AI index in one year affirmed the leadership’s constant support for this pivotal sector at the national level.”
The rise is the result of efforts to integrate government agencies and entities that took part in National Transformation Program (NTP 2020) initiatives taken in line with the Saudi Vision 2030, he said.


Wafrah approves impeachment of board, audit committee

Wafrah approves impeachment of board, audit committee
Updated 17 January 2021

Wafrah approves impeachment of board, audit committee

Wafrah approves impeachment of board, audit committee
  • The decision came during the company’s ordinary general assembly meeting (OGM) held virtually through the Tadawulaty system on Jan. 14
  • the meeting elected the board of directors for three-year term starting Jan. 14

Wafrah for Industry & Development Co. approved the impeachment of the board of directors and audit committee, as applied for by shareholders in possession of 7.14 percent of the total shares of the company, the firm said in a bourse filing today, Jan. 17.

The decision came during the company’s ordinary general assembly meeting (OGM) held virtually through the Tadawulaty system on Thursday, Jan. 14, 2021.

Additionally, the meeting elected the board of directors for three-year term starting Jan. 14, 2021. The members elected include Ayad Abdulrahman Mohammed Al-Bunyan, Mohammed Abdulrazaq Aboud Al-Baghdadi, Faisal Mohammed Abdulaziz Al-Khudairi, Mohammed Saud Abdalla Al-Samari, Faisal Abdalla Mohammed Al-Qahtani, Mohammed Yagoub Yossif Al-Mukhadab, and Mohammed Hindi Shujaa Al-Otaibi.

In July 2020, Wafrah said it received a letter from shareholders, owning around 7.14 percent of capital, requesting to take regulatory measures with regards to the dismissal of the current board of directors and the appointment of a new one, Argaam reported.

The company had also received a letter from shareholders, owning around 7.14 percent of the company’s capital, requesting dismissal of the current audit committee and its restructuring.