Sacoor Brothers and Majid Al Futtaim Fashion announced the opening of the first Sacoor Brothers boutique at the Granada Mall in Riyadh followed by the second opening in Panorama Mall and Hayat Mall.
The boutique’s feature in this season’s Fall/Winter 2016-2017 collection celebrates the virtues of authenticity and originality. The designs exhibit the expertise of those who transform rustic, fine fabrics into real pieces of art: Elegant and timeless. The Men and Women’s lines highlight the passion for refinement and tradition, creating a perfect match between styles with class and vintage excellence.
Sacoor Brothers is once again delighted to have the ever charismatic Cristiano Ronaldo as part of this collection, representing the themes of authenticity and originality. The long-term and recent UEFA best player in Europe perfectly epitomizes these values, appearing dapper in the new line of formal and casual Fall/Winter styles.
The new season collection offers a wealth of woven details within each design. The double-breasted jacket continues to be a big trend this season, with some suits also featuring a chic vest. A new fabric for the season, the “Traveler” suit was created with characteristics designed to simplify the day-to-day life of the modern man; the compositions give a perfect wrinkle-free fit even after a long journey.
The classic suits line features a wide range, with plain, herringbone, bird’s eye, checked, and pinstripe patterns, always in formal tones conforming to this season’s key trends. Selected suits made in Portugal can be identified with a special tag. Sacoor Brothers is proud to incorporate the highly-renowned Loro Piana fabric into many of its suits, giving guaranteed quality for its wearers.
For the winter sweater collection, 21 different styles were designed to fit a more classic, casual, or sport appeal. Each style has unique details such as stripes, jacquards, or intarsia. The ‘V” neck style in 100% high quality cashmere offers an extremely elegant choice that is soft to the touch.
Sacoor Brothers’ signature item, the polo, is definitely a part of this season’s collection, recognized for its show-off design. Jeans and Chino trousers offer diversity for different occasions that emphasizes style without forgetting comfort.
Men’s shoes made in Portugal are proud signature items of every collection, where formal Goodyear hand-crafted pieces of art, as well as casual yet trendy drivers, can always be found in a variety of colors and styles.
Sacoor Brothers opens boutiques in Riyadh
Sacoor Brothers opens boutiques in Riyadh
Kuwait Fund for Development: Six decades of humanitarian and developmental impact across globe
On Dec. 31, the Kuwait Fund for Development marks the anniversary of its establishment, opening a new chapter of success and ambition as one of the most prominent pioneers of development on both regional and global levels. Founded in 1961, the fund became the first and oldest development institution to operate in Arab countries and other developing nations.
Today, after more than six decades of continuous work, the Kuwait Fund for Development remains steadfast in its mission and has never ceased its efforts to support development causes in developing countries. As it celebrates its 64th anniversary, the fund has drawn a national portrait under the theme “Partners in Development,” reflected through its projects spread across the globe, all of which aim to build brighter and more sustainable future.
An external development arm
The establishment of the Kuwait Fund for Development embodied a wise and visionary decision by the leadership of Kuwait at the time. Kuwait was the only developing country that chose to share the challenges of development with other developing nations, cooperating with them through the provision of concessional loans, grants, financial assistance, and technical support tailored to their development priorities.
Since its inception, the Kuwait Fund for Development has served as Kuwait’s external development arm, sparing no effort in supporting development causes and extending assistance to developing countries worldwide.
Vision and early beginnings
In the early 1960s, the late Amir Sheikh Jaber Al-Ahmad Al-Sabah, then head of the financial department, proposed the idea of establishing a development entity that would serve Kuwait’s foreign policy and assist Arab and other developing countries in achieving development across various sectors. The idea received strong support from the late Amir Sheikh Abdullah Al-Salem Al-Sabah, as it aligned with Kuwait’s vision at the time to build a modern state.
Consequently, an Amiri decree was issued on Dec. 31, 1961, establishing the Kuwait Fund for Development with an initial capital of 50 million Kuwaiti dinars ($162.6 million).
Global reach and development impact
The fund’s activities have extended to all corners of the world, contributing to the financing of projects in 106 countries, including 16 Arab countries, 41 African countries, 19 in East and South Asia and the Pacific, 17 in Central Asia and Europe, and 12 in Latin America and the Caribbean.
This support was delivered through 1,037 concessional loans provided to the governments of these countries, with a total value of approximately 7 billion Kuwaiti dinars. In addition, the fund has provided grants and technical assistance to support a wide range of development services, helping beneficiary countries implement their development programs. A total of 420 grants and technical assistance operations were extended, amounting to approximately 401 million Kuwaiti dinars.
Loan agreements
During the past year, the Kuwait Fund for Development signed several loan agreements supporting development across different regions of the world. Among these were two loan agreements with the government of Bahrain. The first loan, valued at 31.25 million Kuwaiti dinars, contributed to financing the Electricity Transmission Networks Development Project. The second loan, valued at 10 million Kuwaiti dinars, supported the Sheikh Jaber Al-Ahmad Al-Sabah Highway Development Project (Phase II).
On the sidelines of the World Bank Group meetings held in Washington, D.C., the fund has also signed a 4 million Kuwaiti dinar-worth loan agreement with Saint Lucia to help finance the Sir Julian R. Hunte Highway Project, as well as another 4 million Kuwaiti dinar-worth loan agreement with Belize to support the George Price Highway Project.
Supporting and assisting refugees
The Kuwait Fund for Development’s contributions to humanitarian action stand out at both regional and international levels. Since its establishment, the fund has represented a unique model in supporting and assisting refugees in countries affected by disasters, conflicts, and wars, in line with Kuwait’s moderate and balanced policy.
These efforts have helped strengthen Kuwait’s relations with Arab and international partners. The fund has played a significant role in the reconstruction of Lebanon and Iraq following periods of crisis, and its assistance to the Palestinian people has never ceased.
International Participation
Over the past year, the Kuwait Fund for Development recorded notable participations in major international forums. These included taking part in the 2025 annual meetings of the World Bank Group and the International Monetary Fund in Washington, D.C., with a delegation headed by the fund’s Acting Director General Walid Shamlan Al-Bahar. The fund also took part in the Tokyo International Conference on African Development, held in Tokyo, Japan.
Additional international engagements included participation in the Third UN Conference on Landlocked Developing Countries, held in Awaza, Turkmenistan, and the Fourth International Conference on Financing for Development, organized by the UN in Seville, Spain.
