RIYADH: Saudi Arabia’s General Authority for Competition approved 13 acquisition and merger requests during the month of February, according to a statement. The figure reflects a drop from the 20 given the green light by the organization in January. Last month, applications for acquisitions, joint ventures and mergers represented 75 percent, 20 percent and 5 percent,
RIYADH: When Saudi Arabia announced its Vision 2030 in 2016, aimed at accelerating the growth of the non-oil sector, skeptics doubted how a nation that has been relying heavily on oil-based revenue for so many decades would execute it with perfection. Six years later, the progress made by the country in non-oil sectors indicates that Kingdom is moving ahead in the right
Turki Matooq Al-Thonayan was appointed CEO of the National Security Services Co., or SAFE, which is owned by the Public Investment Fund. Al-Thonayan has more than 25 years of extensive security experience, starting in 1996 with Saudi Aramco, where he eventually became manager of its northern area industrial security operations in 2018. He later worked at BATIC, overseeing
Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).
From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.
He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.
On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.
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