Latest news with #AlTurki
Arab News
24-06-2025
- Business
- Arab News
Mawani names Al-Mazroua as new president
JEDDAH: Saudi Ports Authority has appointed Suliman bin Khalid Al-Mazroua as its new president, effective June 29, as part of its push to strengthen leadership and advance key strategic goals. Al-Mazroua succeeds Mazen bin Ahmed Al-Turki, who had been serving as acting president and played a key role in several initiatives aimed at developing logistics zones and parks across the Kingdom. Al-Turki's most recent contribution included overseeing the signing of a series of new build-operate-transfer contracts valued at more than SR2.2 billion ($586.6 million) to develop multi-purpose cargo terminals at eight Saudi ports. The appointment of Al-Mazroua, announced by Mawani's board of directors, underscores the authority's commitment to supporting the National Transport and Logistics Strategy and Saudi Vision 2030. Both initiatives aim to position the Kingdom as a global logistics hub and a leading industrial power. In a post on his X account, Al-Mazroua expressed his appreciation for the board's trust and pledged to further the authority's strategic goals. 'I extend my sincere thanks and appreciation to His Excellency the Minister of Transport and Logistics Services and Chairman of the Board of the Saudi Ports Authority, Eng. Saleh bin Nasser Al-Jasser, as well as to their Excellencies and distinguished members of the board for this generous trust,' he said. Al-Mazroua added: 'I pray to God for success in serving our blessed country and fulfilling the aspirations of our visionary leadership. I am also very pleased to work alongside my colleagues at the Saudi Ports Authority.' In a statement, the authority said that Al-Mazroua 'affirmed his commitment to advancing Mawani's strategic objectives and enhancing its performance in line with its development plans and transformation programs.' Before assuming his new role, Al-Mazroua served as CEO of the National Industrial Development and Logistics Program, where he played a key role in driving economic diversification and enhancing infrastructure in key sectors, including industry, mining, energy, and logistics. 'He also played a key role in stimulating investment in these sectors with the aim of increasing their contribution to the Kingdom's gross domestic product, promoting innovation, enhancing local content, and advancing the Fourth Industrial Revolution,' the statement added. With more than two decades of professional experience, Al-Mazroua has held several senior leadership positions, including at Saudi Aramco from 2001 to 2017. Over the years, he progressed from technical roles to executive leadership, contributing to the establishment of research and development centers, strengthening cybersecurity frameworks, and advancing health care sector initiatives. He also worked at US-based Aruba Networks from November 2006 to July 2007 and previously served as a quality assurance engineer at California-based Caspian Networks. In addition, Al-Mazroua led the National Transformation Program and the Delivery and Rapid Intervention Center, where he contributed to planning, monitoring, and accelerating the implementation of development initiatives in support of Vision 2030. He is also a member of several boards, including the Center for the Fourth Industrial Revolution in Saudi Arabia and Marafiq Co.
Gulf Insider
10-06-2025
- Politics
- Gulf Insider
Saudi National Homaidan Al Turki To Be Deported After Nearly Two Decades In US Prison
Saudi national Homaidan Al Turki, who spent nearly 20 years in a United States prison, is expected to be deported to Saudi Arabia in the coming days. The 56-year-old was released from prison last month and has since been in the custody of US Immigration and Customs Enforcement (ICE) as final deportation procedures are completed. On Sunday, Al Turki's family was notified that his repatriation is imminent, with travel arrangements nearing completion. His family in Saudi Arabia expressed deep gratitude for his release after 19 years behind bars, extending their profound thanks to King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman for their 'unwavering support and continuous follow-up' throughout the duration of the case. In a press statement, the family also commended the efforts of the Saudi Embassy in Washington, led by Ambassador Princess Reema bint Bandar bin Sultan. They noted that both official and public support played a vital role in securing what they described as a 'big relief.' Al Turki was convicted in 2006 on charges of unlawful imprisonment and assault against his Indonesian housekeeper in the state of Colorado, a case that sparked widespread controversy and allegations of judicial bias. During his time in prison, Al Turki filed several legal motions challenging his conviction, including a recent claim that his original defence counsel failed to provide adequate representation. The court then resentenced him to six years in prison and a mandatory parole term—both of which were deemed already served due to the 19 years he spent behind bars. According to local media reports, the court in Colorado ruled last month to close Al Turki's case and authorise his deportation after he accepted a plea agreement, admitting guilt to 11 amended ruling followed a new hearing in which his legal team successfully argued that his original trial was marred by ineffective counsel. The decision ends a legal saga that began in 2004, when Al Turki was first arrested alongside his wife for alleged immigration violations and was later re-arrested in 2006 and sentenced to 28 years in prison. His case drew intense attention both in Saudi Arabia and among Muslim advocacy groups in the US, who argued he was targeted due to rising Islamophobia in the post-9/11 climate. Al Turki, the former linguistics scholar and PhD candidate at the University of Denver, maintained his innocence throughout his imprisonment, describing himself as a victim of anti-Muslim sentiment.
Gulf Insider
09-05-2025
- Politics
- Gulf Insider
US Court Orders Release Of Saudi Citizen After 20 Years In Prison
A US court has ordered the release of Saudi citizen Hamidan Al Turki after nearly 20 years spent in a Colorado prison, following a three-day deliberation to overturn his conviction, according to the Saudi Okaz newspaper. Al Turki was handed over to US Immigration and Customs Enforcement (ICE) authorities to facilitate the final steps of his repatriation to Saudi Arabia. Al Turki, who had moved to the US for PhD studies, was arrested in November 2004 on charges of mistreating his maid and violating immigration laws. Initially released on bail, he was re-arrested in June 2005, alongside his wife, Sarah Al Khunaizan, on the same charges. The couple's five children were left behind. On August 31, 2006, Al Turki was sentenced to 28 years in prison. Throughout the proceedings, he maintained his innocence, asserting that the charges were fabricated. In February 2011, his sentence was reduced from 28 years to eight years due to good behaviour and a positive influence on fellow inmates, as attested by the prison warden. Al Turki's case has garnered widespread public and official support in Saudi Arabia, with many advocating for his release.
Hi Dubai
10-04-2025
- Business
- Hi Dubai
Arab Monetary Fund Signs Debt Restructuring Deal with Somalia to Support Economic Reform
In a significant step toward bolstering economic stability in the region, the Arab Monetary Fund (AMF) has signed a Memorandum of Understanding (MoU) with the Federal Republic of Somalia to restructure Somalia's longstanding debt to the Fund. The agreement, signed in Kuwait on the sidelines of the annual meetings of joint Arab financial institutions, aims to ease Somalia's financial burden and reinforce its trajectory of economic reform and sustainable development. Somalia's debt to the AMF dates back over four decades. The restructuring marks a pivotal moment for the country, which has been steadily implementing reform measures to stabilize its economy and strengthen financial governance. Dr. Fahad bin Mohammed Al Turki, Chairman of the AMF Board, underscored the Fund's dedication to its member states, stating that the initiative reflects the AMF's broader strategy to promote economic resilience and long-term growth across the Arab world. 'This agreement reflects our commitment to supporting Arab countries in achieving financial sustainability,' said Dr. Al Turki. 'Through collaboration and tailored support, we aim to create a framework where all member states can thrive.' The MoU is aligned with the AMF's updated strategic direction, which emphasizes flexibility, fiscal sustainability, and closer cooperation with member nations to overcome financial challenges. With this move, the AMF reaffirms its role as a key regional institution fostering economic progress, while Somalia takes another step forward in its recovery and development journey. News Source: Emirates News Agency
Zawya
11-03-2025
- Business
- Zawya
Bahrain: Gulf Union announces net profit of $4.64mln
Bahrain - Gulf Union Insurance and Reinsurance's board of directors announced the company's outstanding financial results for the fiscal year that concluded on December 31, 2024. The business made BD1,752,435 in net profit, which was 5.36 per cent more than the BD1,663,364 profit from the prior year. This expansion demonstrates the company's steadfast dedication to growing in all business domains and improving financial performance, as measured by profitability and shareholder equity. Revenues from insurance services increased 8.87pc in 2024 to BD8,820,765 from BD8,101,938 in 2023. This rise is a result of an increase in the company's business volume and a rise in the demand for its insurance services. Meanwhile, net results from insurance activities decreased by 10.88pc to BD1,063,411 in 2024 from BD1,193,236 in 2023. This decline is attributed to an increase in the number of claims during last year's rainy season and rising insurance operation costs. Additionally, net investment income increased by 26.40pc from 2023 to 2024, from BD406,239 to BD513,488. Strong investment performance and higher investment returns are reflected in this growth. To strengthen our financial position and fuel future expansion, the firm issued 2,000,000 non-cumulative convertible preference shares with a nominal value of BD1 per share to current shareholders on May 7, 2024. The company successfully secured subscriptions totalling BD1,920,000 from existing shareholders and private placements, which amounted to BD1,020,000 and BD900,000, respectively, in December 2024 and January 2025. The chairman, Abdulaziz Al Turki, conveyed his satisfaction with the positive financial results attained in 2024, despite the challenges in competitive insurance market. He also highlighted that the company's significant growth and effective risk management strategies have strengthened its position within Bahrain's insurance sector. Mr Al Turki emphasised that the company is determined to continue growing through its ample internal resources, with plans to expand its business operations and increase its presence in Bahrain within the framework of sound technical competition principles. The chief executive Waleed Mahmood attributed this success to the unwavering efforts of the board's leadership, the dedication of employees to enhancing service quality and product offerings, and the loyalty of customers. He expressed his heartfelt appreciation to all esteemed shareholders, accredited investors, loyal customers, brokers, the Central Bank of Bahrain and reinsurers for their continued support. Mr Mahmood assured stakeholders that the company's future is promising, brimming with significant opportunities for ongoing growth and success in the insurance sector. With an emphasis on innovation and customer-focused services, he is confident that Gulf Union Insurance and Reinsurance Company will not only continue to thrive but also adapt to market changes and capitalise on new opportunities, securing long-term prosperity for all stakeholders. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
