Alshaya Retail Academy launched to train Saudi youth for job market

Alshaya Retail Academy launched to train Saudi youth for job market
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Alshaya Retail Academy launched to train Saudi youth for job market
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Alshaya Retail Academy launched to train Saudi youth for job market

Alshaya Retail Academy launched to train Saudi youth for job market

Alshaya Group, one of the world’s leading international retail franchise operators, announced the launch of the Alshaya Retail Academy to train young Saudi men and women on the latest retail industry concepts and practices, in the Kingdom. The academy has been launched in partnership with several leading government entities, including the Human Resources Development Fund. 

By providing newly employed Saudi nationals with essential hands-on and theoretical training, Alshaya Retail Academy will directly contribute to the goals of Saudi Vision 2030. This initiative not only prepares youth for successful retail careers but also strengthens the national economy by enhancing their competitiveness in the global job market. The launch of the academy aligns with Alshaya’s continued commitment to the region, especially with the opening of The Avenues in Riyadh and Alkhobar, creating additional opportunities for local talent and contributing to the Kingdom’s growing retail sector. 

The inaugural event was attended by Executive Chairman of Alshaya Group Mohammed Alshaya, CEO of Alshaya Group John Hadden, Deputy General Manager for Business at the Human Resources Development Fund Firas Aba Alkhail, Assistant Deputy Minister at the Ministry of Commerce Muhammed Al-Melhem, Assistant Deputy Minister for the Localization of Tourism Ibrahim Jubairi Gharwi, Assistant Deputy Governor of the Technical and Vocational Training Corporation Abdul Rahman Al-Marwani, and Assistant Director General of the General Directorate for Private Sector Training Khalid Al-Nasser.

The attendees emphasized the importance of this initiative in enhancing the participation of Saudi youth in the labor market, which is essential to driving sustainable development and boosting economic growth in the Kingdom.

The academy offers comprehensive training programs, including one-month development courses, as well as three-month qualification courses. These programs combine theoretical and practical training, enhancing trainees’ opportunities to acquire market-ready skills that align with the rapid developments occurring in the retail sector in the Kingdom.

“At Alshaya, we believe in the importance of empowering Saudi youth by equipping them with the knowledge and skills necessary for their professional growth. We are committed to providing them with comprehensive and integrated training opportunities that will help them thrive in the retail sector. This initiative aims to build a national workforce capable of adapting to the rapid changes occurring in the market, in line with the goals of Saudi Vision 2030,” said executive chairman Alshaya.

Abdullah Faisal, regional people director at Alshaya Group, said: “At Alshaya Group, we are deeply committed to providing the best opportunities for all Saudi citizens, whether in employment or training. We take great pride in our established record of employing national talent and continuously strive to expand the opportunities available to them. Through the Alshaya Academy, we aim to empower our youth by equipping them with the essential skills needed to thrive across various sectors, while providing them with the tools necessary for success in the workforce, in alignment with Saudi Arabia’s Vision 2030. We are confident that the Alshaya Academy will serve as a cornerstone for developing talent and helping realize the aspirations of an ambitious generation dedicated to excellence and innovation, in collaboration with leading government bodies.” 

Alshaya was recently awarded by the Saudi Ministry of Human Resources and Social Development as a leading company in parallel training and feminization. “This recognition underscores our commitment to gender diversity and the empowerment of Saudi women in alignment with Saudi Vision 2030,” Faisal added.

Currently, Alshaya runs professional training and mentoring programs to ensure that Saudi nationals develop the skills they need during their career path. The company has successfully attracted around 4,000 Saudi females to work in world-leading brands such as Starbucks, The Cheesecake Factory, Shake Shack, Raising Cane’s, H&M, American Eagle, Victoria’s Secret, Bath and Body Works, and Foot Locker.


Almana Hospitals CEO named ‘Future Leader of the Year’

Almana Hospitals CEO named ‘Future Leader of the Year’
Updated 29 April 2025
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Almana Hospitals CEO named ‘Future Leader of the Year’

Almana Hospitals CEO named ‘Future Leader of the Year’

Mana Almana, CEO of Almana Hospitals, received the “Future Leader of the Year Award” from the Council of Health Insurance, recognizing his exceptional leadership and contributions to innovation and development in the healthcare sector.

This honor was bestowed during the third edition of the CHI Excellence Award ceremony, organized by the CHI under the auspices of Minister of Health Fahad AlJalajel. The event recognized leaders in the Kingdom’s healthcare sector and institutions that have excelled in delivering top-quality and efficient services.

The award stimulates creativity and innovation in the private healthcare sector and promotes digital transformation and technology to improve healthcare services.

“It is a great honor to receive this recognition, which I consider an additional incentive to continue contributing to the healthcare sector in the Kingdom,” Almana said, thanking the CHI and the judging panel for their confidence in him.

He added: “This award, which celebrates leadership potential, innovation and initiative, professional achievements, contributions to patient care, collaboration, and teamwork, is essentially a tribute to the encouraging and supportive environment within Almana Hospitals, and to the opportunities I have been given to contribute and develop.”

Almana said that actual milestones are not achieved by individual effort, but rather by collective work and constructive cooperation. Therefore, he dedicated this honor to every member of the Almana Hospitals team, who he said have played a significant role in supporting him in serving patients and continuously sought innovative solutions to improve their experience.

Almana praised the role of the CHI in organizing the award, as well as its contribution to motivating the private healthcare sector toward innovation and development.

Almana Hospitals is the largest medical institution and healthcare provider in the Eastern Province. It has contributed to a qualitative shift in healthcare services, aligning with Saudi Vision 2030, which aims to improve the quality of life for citizens and residents.

The CHI is dedicated to honoring healthcare facilities that contribute to developing and improving the quality of healthcare services in the private sector. 

This is achieved through awards focusing on innovation, efficiency, and quality. The awards aim to enhance competitiveness among healthcare providers in the Kingdom. These institutions provide healthcare services in line with international quality standards, underscoring their commitment to developing the private healthcare sector in the Kingdom.


GIB sponsors Saudi golfer Faisal Salhab

GIB sponsors Saudi golfer Faisal Salhab
Updated 29 April 2025
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GIB sponsors Saudi golfer Faisal Salhab

GIB sponsors Saudi golfer Faisal Salhab

Gulf International Bank has announced its official sponsorship of Saudi professional golfer Faisal Salhab, underscoring the bank’s commitment to supporting professional sports both locally and internationally.

Commenting on the partnership, Abdulaziz Al-Helaissi, group CEO of GIB, said: “We are proud to sponsor one of Saudi Arabia’s most prominent golfing talents. Faisal is a dedicated athlete and a role model for many young Saudi golfers who look up to him. Our partnership with Faisal is part of GIB’s ongoing support to the development of sports in the Kingdom, one of Saudi Arabia’s Vision 2030 goals, and assisting Faisal succeed in his path to becoming a leading professional in golf.”

Khaled Abbas, CEO of GIB Saudi Arabia, highlighted the importance of the sponsorship, describing it as “a genuine boost for Saudi sports and the professionalization efforts supported by the Kingdom as part of its ambitious plans to enhance and grow sports participation at all levels.” He added: “We are excited to undertake this sponsorship, which alongside similar initiatives, will contribute to advancing the three pillars of Saudi Vision 2030: a vibrant society, a thriving economy, and an ambitious nation.”

Salhab expressed his pride in the collaboration, saying: “I am honored to become a member of the GIB family. I look forward to representing the bank, both within the Kingdom and internationally, and to contributing to elevating Saudi Arabia’s presence on the global stage.”

The partnership will also feature Salhab’s participation in a range of community events, to be organized by GIB, further enhancing the bank’s ongoing efforts in community involvement and corporate social responsibility, in addition to promotional engagements involving GIB’s customers and employees.


Riyadh summit explores role of family businesses in sustainable economic development

Riyadh summit explores role of family businesses in sustainable economic development
Updated 29 April 2025
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Riyadh summit explores role of family businesses in sustainable economic development

Riyadh summit explores role of family businesses in sustainable economic development

The second edition of World With Purpose KSA 2025, created by Roberta Calarese, founder and CEO of GHAYA, opened on Monday in Riyadh, under the theme “The Purpose Legacy — Where Family Businesses Meet to Write the Future.”

More than 150 of the most influential local and international family business leaders gathered on the first day to explore strategic investment, sustainable growth, and transformative leadership through high-level, purpose-driven dialogue.

With over 95 percent of Saudi Arabia’s businesses being family-owned — contributing 66 percent of private sector GDP — their foundational role in the local economy is clear. On a global scale, the world’s 500 largest family businesses generated $8.8 trillion in revenue in 2025, equivalent to the third-largest economy after the US and China.

The exclusive, invitation-only summit took place at Bab Samhan, a Luxury Collection Hotel, nestled in the historic Diriyah district. Opening with the session “How Family Businesses Can Lead the Way to Global Prosperity,” the day featured nine dynamic discussions on topics ranging from geopolitics and the regional investment landscape to intergenerational transition, sustainable business, and investing with purpose.

Education and empowerment of future generations were recurring themes, alongside a forward-looking focus on technology and AI for good. Dr. Ayth Almubarak, CEO of the National Center for Family Business, delivered the keynote speech.

Day 2 of the summit featured investment roundtables, tech showcases and sessions on proptech and real estate innovation. 

Discussions on decarbonization and climate-conscious growth reflected Saudi Arabia’s sustainable development priorities.

A special highlight was the Women With Purpose track, with dedicated sessions for female family business leaders. Princess Noura bint Faisal Al-Saud returned to spotlight fashion as a cultural and economic catalyst, while broader panels explored empowering women entrepreneurs to unlock regional prosperity.


Saudi Arabia’s Health Holding Company partners with IE University

Saudi Arabia’s Health Holding Company partners with IE University
Updated 28 April 2025
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Saudi Arabia’s Health Holding Company partners with IE University

Saudi Arabia’s Health Holding Company partners with IE University

IE University and Health Holding Company have signed a strategic agreement to advance professional development and innovation in healthcare in Saudi Arabia.

The agreement, signed in Madrid by William Davila Valeri, global head of corporate relations at IE University, and Nasser bin Mohammed Alhuqbani, chief executive of HHC, marks a significant step in fostering cross-border knowledge exchange and innovation. Through this partnership, both institutions will work to build capacity and empower healthcare professionals in the Kingdom to lead transformative initiatives aligned with the Kingdom’s Vision 2030 goals.

This partnership focuses on the design and delivery of executive development programs tailored to HHC’s needs and those of its subsidiaries. The collaboration also includes potential joint research initiatives across IE University’s six specialized schools: IE Business School, IE School of Science and Technology, IE Law School, IE School of Politics, Economics and Global Affairs, IE School of Architecture and Design, and IE School of Humanities. IE University is internationally recognized as one of the world’s most innovative academic institutions, consistently ranked among the top universities in rankings such as Financial Times, QS, Bloomberg Businessweek, Poets and Quants, and Times Higher Education.

“This agreement represents a shared commitment to shaping the future of healthcare through education and innovation,” said Valeri. “We are proud to support HHC in its mission to strengthen leadership capabilities and foster an environment of continuous professional growth.”

Health Holding Company is a national institution established in 2022 by the Saudi government to provide comprehensive and integrated healthcare to beneficiaries. It is also tasked with digitizing and advancing the Kingdom’s healthcare system.

Meanwhile, over the past 15 years, IE University has established a solid presence in the Middle East, fostering strategic partnerships, engaging with top-tier institutions and corporations, and empowering business leaders and entrepreneurs. The IE Center for the Middle East serves as a hub for dialogue, collaboration, and knowledge exchange. Through programs, research, events, and partnerships, the center supports innovation, entrepreneurship, sustainability, and the development of executive talent.


UAE-based fintech Pemo enters Saudi market

UAE-based fintech Pemo enters Saudi market
Updated 28 April 2025
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UAE-based fintech Pemo enters Saudi market

UAE-based fintech Pemo enters Saudi market

Pemo, an all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom.

Backed by $19 million in funding from global investors, the MENA-grown fintech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense tracking and invoice management, enabling Saudi companies to focus their time on innovating and driving the growth of their businesses.

By having a presence in the market, Pemo will help contribute toward building Saudi Arabia’s thriving fintech ecosystem, which is being driven by the Kingdom’s Vision 2030 and its ambitions to be a digital-first economy.

Partnering with neoleap, a subsidiary of  Alrajhi Bank,  Pemo will integrate its cutting-edge and user-friendly spend management platform with neoleap’s innovative payment infrastructure, meaning that Saudi businesses will have full control over their finances, optimizing their operations for greater transparency and efficiency.

More than 6,000 customers already use Pemo, and the partnership with neoleap marks a natural step as the company enters the Saudi market. With government-backed initiatives, regulatory advancements and a thriving startup scene, Pemo’s focus will be on both servicing businesses and hiring talent over the coming year.

Ayham Gorani, co-founder of Pemo, said: “Saudi Arabia is undergoing a remarkable economic transformation, and businesses need smart, efficient financial solutions to fuel their growth efforts.”

By launching in the Kingdom, and partnering with a trusted entity like neoleap, we’re bringing our platform to one of the most dynamic and forward-thinking markets in the region; we have always wanted to be in Saudi, and we are committed to helping support the Kingdom’s goal toward a cashless future as part of its Vision 2030 ambitions.

“At the same time, we’re excited to be investing in local tech talent and nurturing the next generation of fintech leaders as we help toward building a sustainable, world-class fintech ecosystem.”

Echoing this sentiment, Abdullah Albrahim, CEO of neoleap, said: “At neoleap, our mission is to reshape the financial landscape and equip businesses with the tools they need to thrive in an increasingly digital world. Our partnership with Pemo is a significant step in that direction, providing Saudi businesses with a seamless, AI-powered spend management solution fully integrated with neoleap’s advanced payment infrastructure. This collaboration reflects our shared vision of enabling businesses to make smarter financial decisions, while advancing Saudi Arabia’s fintech ecosystem.”

Pemo’s move into the Kingdom marks three years of the business being in operation, with the company recently being named among the UAE’s Top Future 100 companies and Forbes’ top UAE fintech companies.