Tarek Obaid
PETROSAUDI
Tarek Obaid is co-founder and Chief Executive Officer of PSI. In his capacity as Chief Executive Officer, he is responsible for the Group’s overall management, strategy and high-level political relationships. Tarek has been instrumental in securing important investment opportunities for the Group as well as attracting senior management to PetroSaudi. In addition to PetroSaudi, Tarek […]
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Al-Jazira Bank
banking services
Chaired by Taha A. Al-Kuwaiz, the Bank Al-Jazira is one of the world’s leading Islamic banks. Headquartered in the Kingdom of Saudi Arabia, the bank provides an array of innovative financial products and services, in line with the Islamic Sharia Law. The bank has been serving the Kingdom of Saudi Arabia since October 9, 1976 […]
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Etihad Etisalat Co
mobile services
Etihad Etisalat Company provides a wide range of mobile telecommunications services in the Kingdom of Saudi Arabia. Mobily is the official brand name of Etihad Etisalat, the 2nd mobile service provider in the Kingdom of Saudi Arabia. The ownership of the company is of two-fold: A Saudi ownership, comprising public investors holding 40% of the […]
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PetroSaudi
International LTD
PetroSaudi International ltd, which was founded by Tarek Essam Ahmad Obaid in 2005, is one of the biggest players in the arena of privately owned oil exploration and production companies. The company has offices in England, Switzerland and Saudi Arabia, and is involved in many energy investments (excluding energy explorations). Over the years, PetroSaudi International […]
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Al-Tayyar
Travel Group
The Al Tayyar Travel Group offers travel services. The Company organises vacation packages, books airline and hotel reservations, and owns a car rental company. Al Tayyar has offices in the Middle East, Asia, and North America. Al Tayyar Travel Group is engaged in providing travel, tourism, and shipping services in addition to transport, tourism, and […]
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29
Dec
with Comments Off on PetroSaudi

PetroSaudi

petrosaudi

PetroSaudi International ltd, which was founded by Tarek Essam Ahmad Obaid in 2005, is one of the biggest players in the arena of privately owned oil exploration and production companies.

The company has offices in England, Switzerland and Saudi Arabia, and is involved in many energy investments (excluding energy explorations). Over the years, PetroSaudi International has undertaken several projects in strategic energy regions like the Middle East and Latin America.

PetroSaudi trades natural gas, LPG, jet fuel, gasoline, chemical feedstock and related products in global markets. The company also provides services related to exploration geophysics and geology, oilfield constructions and operations, reservoir engineering, export management, development planning, HSE management and drilling operations compliant with environment protection and global health and safety measures.

In 2013, PetroSaudi established PetroSaudi Energy & Trading (PSENTRA), an oil trading and supply company.

ESG awareness is expressed on their website through the following quote: “Throughout all our operations, we ensure the current environmental conditions are meticulously preserved for the enjoyment of future generations”

Official Website – http://www.petrosaudi.com

Official Newshttp://news.petrosaudi.com

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Jamjoom Pharma

jamjoom-pharma

Since the beginning of the new millennium, Jamjoom Pharma has quickly built its reputation within Saudi Arabia to the point where it was able to expand beyond the Kingdom. The central point of operations, which includes its manufacturing plant, is located in Jeddah and is one of many businesses within the conglomerate from which the firm takes the parent company’s name, the Jamjoom Group.

Due to the continued growth of the company, more than 1,000 employees are part of this organization. The pharmaceuticals that are produced encompass a wide array of lines that deal not only with general medicine by select segments as well. These include those for ophthalmological, dermatological and gastrointestinal purposes; those focusing on cosmetic and nutritional aspects; and items that may be prescribed or available over the counter.

Citizens in 26 different countries have access to the items that Jamjoom produces. These areas not only focus on the Middle East, but Africa and those countries that once encompassed the former Soviet Union. That growth pattern has helped put into place plans to add additional manufacturing plants in both Algeria and Egypt.

Despite the central focus of offering pharmaceuticals to selected areas, Jamjoom is working in tandem with other companies across the world in different areas. In the area of immunology is working together with an American biotechnology company, while a German ophthalmology firm uses licensed Jamjoom products.

This growth dovetails nicely with the company philosophy of striving to be one of the top three companies when it comes to pharmaceutical sales within the sectors where it’s already been established. The fact that Jamjoom long ago established its credibility bodes well for both the near and distant future. To emphasize that commitment to quality, all items are produced in a state-of-the-art plant with a highly-trained staff.

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Yousef Abdullah Al-Benyan – SABIC

Yousef Abdullah Al-Benyan is the Vice Chairman and CEO of SABIC, the world number two integrated petrochemicals group.

Before acting as the head of the company, Mr. Al-Benyan filled different senior positions such as Executive VP, Corporate Finance and CFO; Executive VP, Chemicals; and Executive VP, Corporate Human Resources.

Mr. Al-Benyan started working for SABIC in 1987, eleven years after the company’s creation. His started out as a business development officer before integrating the department for Corporate Communications. Mr. Al-Benyan was later expatriated to Stamford, Connecticut as Operations Manager. He later moved to Houston in 1994, Texas serving as Commercial Manager for SABIC in the Americas. In 2002, he was promoted to General Manager of SABIC Asia, working out of Singapore.

Mr. Al-Benyan has a Bachelor in Economics and a Master’s degree in Industrial Management.

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Saudi Fisheries Company

saudi-fisheries-company

The Saudi Fisheries Company was established on March 24, 1980, and has served as the main source for seafood within the Kingdom. This encompasses both fishing and aquatic farming, with the government holding 40 percent ownership in the company, while members of the private sector hold the other 60 percent.

With regard to the aquatic fishing, Saudi Fisheries determined that demand far outweighed supply. That led them in 1991 to invest in this growth strategy, especially when it came to shrimp.

The first farm, built in the city of Asir became operational two years later, with state-of-the-art technology one of the hallmarks of this operation. That same year, the Aanak Fish Farm was opened in Qatif. In 1997, further investment allowed the Red Sea Shrimp Farm to be established. Here, growth each year allowed the company to reach its expected capacity of 1,500 tons per year, which led to a 2011 expansion that now provides for maximum production of 4.500 tons.

An additional fish farm was established in the city of Oumg, with enough space to employ over 650 workers. Approximately 15 percent of those are administrative jobs, while the remaining employees help meet daily production quotas.

In order to make sure that all of the fish that’s either grown or processed remains viable, a number of cold storage facilities were set up. Two exist in Dammam, while Jazan’s structure can accommodate as much as 700 tons worth of seafood. Two smaller cold storage areas are also located in Riyadh and Jeddah, respectively.

Within this entire business structure, Saudi Fisheries works to establish smooth distribution networks that allow businesses that either sell or serve the seafood to have consistent availability for their own customers. It also seeks out new products that will help create new sources of revenue.

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Aggad Investment Group

aggad-investment-group

Now in the midst of its fifth decade of operation, the Aggad Investment Company (AICO) has played a major role in the industrial emergence of Saudi Arabia. First created in 1975, their efforts would helped expand what had been a nominal presence in the business world into one that lays a major role in the continued growth for the Saudis.

AICO was first established by Sheikh Omar Aggad and now has control of seven companies that deal in the following sectors: insurance, manufacturing consumer goods, communication, health care and automotive.

The first of the companies to be established was the Arabian Tile Company (ARTIC) in 1976. ARTIC was seen as a conduit to produce quality and visually-appealing tiles for both businesses and homes in the Kingdom.

Four years later, MediServ was tasked with making available medical supplies and equipment across Saudi Arabia. Smoother distribution channels have been established by expanding the Riyadh warehouse to also include buildings in Abha, Jeddah and Khobar.

Back in 1989, National Advanced Systems (NASCO) was created and now handles business connected to wireless communication. An important part of NASCO’s daily duties is to establish the framework for strong security protection against unwarranted invasions against a company’s secrets.

The Arab Palestinian Investment Company (APIC) began in 1995 as a way for the country’s businessmen to invest in Palestine. Meanwhile, United Motors and Gulf Motor help serve as exclusive distributors for internationally-known car and truck companies. United began operations in 1999, with Gulf following in 2012.

The insurance field was covered through the establishment in 2008 of Sanad Cooperative Insurance and Reinsurance. This company focuses on both personal and corporate insurance considerations.

Yet unknown is how much of an impact, if any, the economic downturn caused by oil price drops will have on AICO.

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