Who’s Who: Raed Al-Humaid, CEO of the Saudi Tadawul Group’s Securities Depository Center Co.

Raed Al-Humaid
Raed Al-Humaid
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Updated 01 August 2022

Who’s Who: Raed Al-Humaid, CEO of the Saudi Tadawul Group’s Securities Depository Center Co.

Raed Al-Humaid

Raed Al-Humaid is the chief executive officer of the Saudi Tadawul Group’s Securities Depository Center Co. (Edaa).

He is also a board member of the Securities Clearing Center Co., known as Muqassa.

Prior to becoming CEO in 2021, he spent more than 20 years working in various leadership roles at the Capital Market Authority.

In 2018, as CMA deputy for market institutions, he reported directly to the authority’s chairman, Mohammed El-Kuwaiz. In other positions, he was responsible for directing and overseeing all regulatory and supervisory aspects of capital market intermediaries and institutions in Saudi Arabia.

He also represented the authority on a number of steering committees in the Kingdom and international standards-setting committees, including those within the International Organization of Securities Commissions, the Committee on Payments and Market Infrastructures, and the IOSCO-CPMI standing group.

Al-Humaid played a key role in the transformation of the Saudi Stock Exchange into a holding group – the Saudi Tadawul Group – helping to align its subsidiary’s infrastructures and procedures with international standards to build and strengthen bridges between local issuers and international investors.

He was recently involved in implementing a bundle of post-trade infrastructure enhancements, and previously provide support in creating a new channel for foreign investors to participate in the Saudi capital market.

Prior to joining Edaa, he led programs related to the regulatory activities of authorization, inspection, anti-money laundering and combating the financing of terrorism, compliance, market surveillance, and analysis.

Al-Humaid gained a bachelor’s degree in industrial engineering from King Saud University in 2001, and seven years later a master’s degree in business administration from the University of Hull in the UK.

 


Uzbekistan’s President performs Umrah during official trip to Saudi Arabia

Uzbekistan’s President performs Umrah during official trip to Saudi Arabia
Updated 11 sec ago

Uzbekistan’s President performs Umrah during official trip to Saudi Arabia

Uzbekistan’s President performs Umrah during official trip to Saudi Arabia

MAKKAH: The President of the Republic of Uzbekistan Shavkat Mirziyoyev performed the Umrah pilgrimage on Thursday, the Saudi Press Agency (SPA) reported. 

The president was received by several officials from the General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque and from the Special Force for the Security of the Grand Mosque upon his arrival. 

Mirziyoyev’s official press service shared photos from the president’s pilgrimage on Twitter. 

 

The Uzbek president had arrived in Jeddah on Wednesday, where he was received by Saudi Crown Prince Mohammed bin Salman. 

The pair held a meeting and discussed bilateral relations and cooperation in various fields, in addition to reviewing a number of issues of common interest. 


Saudi crown prince receives Iraq’s Wisdom Movement leader

Saudi crown prince receives Iraq’s Wisdom Movement leader
Updated 19 August 2022

Saudi crown prince receives Iraq’s Wisdom Movement leader

Saudi crown prince receives Iraq’s Wisdom Movement leader
  • The pair discussed Saudi-Iraqi relations and issues of mutual interest

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman received in Jeddah Iraq’s National Wisdom Movement leader Ammar Al-Hakim, the Saudi Press Agency reported early Friday.

The pair discussed Saudi-Iraqi relations and issues of mutual interest.

Al-Hakim arrived in Jeddah on Wednesday and was received by deputy minister of foreign affairs Waleed Al-Khuraiji.

Saudi and Iraqi senior officials attended the meeting. 


Deputy environment minister stresses importance of developing geospatial infrastructure  

Deputy environment minister stresses importance of developing geospatial infrastructure  
Updated 18 August 2022

Deputy environment minister stresses importance of developing geospatial infrastructure  

Deputy environment minister stresses importance of developing geospatial infrastructure  

RIYADH: Mansour Al-Mushaiti, deputy minister of environment, water and agriculture, stressed the importance of developing geospatial infrastructure during a meeting organized by the ministry at its headquarters in Riyadh on Tuesday. 

Al-Mushaiti commended the ministry’s work on geospatial infrastructure and remote sensing over the past years and emphasized the need to develop leadership in this area. 

Bandar Al-Muslmani, general supervisor of the geospatial information and remote sensing department at the ministry, spoke about the significance of developing training programs in the field in order to bolster digital sectors through geospatial data, applications and spatial analytics.

Such training programs would lead to increased efficiency, improved services and location-based decisions.

According to the Unified National Platform, the availability of geospatial information is required to achieve the goals of the Kingdom’s Vision 2030.  


Saudi Arabia’s deputy defense minister welcomes agreement to operate Aden hospital in Yemen

Saudi Arabia’s deputy defense minister welcomes agreement to operate Aden hospital in Yemen
Updated 18 August 2022

Saudi Arabia’s deputy defense minister welcomes agreement to operate Aden hospital in Yemen

Saudi Arabia’s deputy defense minister welcomes agreement to operate Aden hospital in Yemen

RIYADH: Saudi Arabia’s Deputy Defense Minister Prince Khalid bin Salman on Thursday congratulated Yemen’s Presidential Leadership Council and the Saudi Development and Reconstruction Program for Yemen for signing a contract to operate Aden General Hospital for three years.

SDRPY on Wednesday signed the contract to operate and manage the hospital in the de facto capital and serve 438,000 patients a year, at a cost of more than SR330 million ($87.9 million)

“In continuation of the Kingdom’s efforts to provide support to the Yemeni people in the humanitarian, relief and economic aspects, we congratulate the Presidential Leadership Council in Yemen and SDRPY for signing a contract to operate Aden General Hospital for a period of three years, with a value exceeding SR330 million, to provide health care to the brotherly Yemeni people,” Prince Khalid said in a tweet.

Operations at the hospital will begin within 90 days of completing of staff preparations, taking delivery of medicines and medical equipment, and testing health care devices.

The hospital will operate at 50 percent capacity during its first year of responding to the urgent needs of the people of Aden and neighboring governorates, increasing to full capacity by year two.


Aussie minister receives Saudi consul in Sydney

Aussie minister receives Saudi consul in Sydney
Updated 19 August 2022

Aussie minister receives Saudi consul in Sydney

Aussie minister receives Saudi consul in Sydney

RIYADH: Saudi Arabia's consul general in Sydney, Mashare Ben Naheet, was received by Mark Coure, Australia's minister for multiculturalism and seniors, in his office on Thursday. 

The pair discussed common interests of the consulate’s contribution to cultural events in Sydney.

Last month, the consul general hosted a luncheon at his residence for Ambassador Sergio Bath, newly appointed Ambassador of the Federative Republic of Brazil to the Kingdom of Saudi Arabia.

The consul general wished him success in all his mission.