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KSA: From reluctant bystander to a player in debt market
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ESG no longer a niche approach, says Saudi sovereign wealth fund executive
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ESG no longer a niche approach, says PIF executive
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The findings include a graveyard of fossilized whalebones in the Saudi Arabia’s Jouf region
Updated 06 July 2021
July 06, 2021 00:16
JEDDAH: The discovery of the fossilized remains of an ancient whale that went extinct 37 million years ago in Saudi Arabia’s Jouf region has revealed secrets about the Kingdom’s geology and ancient marine environments.
The findings, made public on June 29, include a graveyard of fossilized whalebones that were uncovered by a group of eight local and international geologists and paleontologists.
A Saudi Geological Survey (SGS) team has taken credit for the discovery, which has been hailed as highly significant to science. The fossilized whale was found in an area filled with sandy and rocky mountains belonging to the Priabonian period, known as Upper Eocene Era, which dates back 37 million years.
Riyadh: Saudi Arabia s National Debt Management Center, responsible for managing the kingdom s sovereign borrowing, named Hani AlMedaini its acting chief executive officer.
AlMedaini, former head of the investment division at Saudi British Bank, will succeed Fahad AlSaif, who joined the sovereign wealth fund to become chief of corporate finance and a member of its management committee. AlMedaini s appointment is effective on July 1, according to a statement Saturday.
AlMedaini, who was also previously a money-market and fixed-income dealer at Samba Financial Group, joined the debt office in September 2019 as head of portfolio management and became its acting deputy CEO last March.