FaceOf: Kamel Al-Munajjed, chairman of the Saudi-Indian Business Council

Updated 21 February 2019
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FaceOf: Kamel Al-Munajjed, chairman of the Saudi-Indian Business Council

  • After working for several years as a systems engineer, Al-Munajjed became head of investment and private banking at Saudi Fransi Bank, from 1988 to 1993
  • He earned his bachelor’s degree from the American University of Beirut, and his MBA from the Abu Dhabi campus of the international business school INSEAD

Kamel Al-Munajjed is the chairman of the Saudi-Indian Business Council. 

He earned his bachelor’s degree from the American University of Beirut, and his MBA from the Abu Dhabi campus of the international business school INSEAD. As well as working for the Saudi-Indian Business Council, he is also a managing partner at Urjuan Real Estate Development and Investment Co. 

After working for several years as a systems engineer, Al-Munajjed became head of investment and private banking at Saudi Fransi Bank, from 1988 to 1993. 

For the next 11 years, he served as vice president of Al-Munajem Group, and in 2006 he became chairman of the Saudi-French Business Council. He became chairman of SHUAA Capital in 2012, leaving the financial services provider in 2015.

On Thursday, the Saudi-Indian Business Council held a joint meeting chaired by the head of the Council of Saudi Chambers, Dr. Sami Al-Obaidi.

The forum discussed many ongoing areas of business between the Kingdom’s various chambers of commerce, as well as ways of coordinating trips by representatives between India and Saudi Arabia for investment in the oil and gas industries. Tourism, mineral extraction, health care, information technology and other infrastructure projects were also discussed.

In a statement, Al-Munajjed praised the bilateral relations between Riyadh and New Delhi, adding that the visit of Crown Prince Mohammed bin Salman to India this week was a positive indicator for Saudi companies looking to invest in the subcontinent.


Crown prince, Qatar Emir discuss regional developments in phone call

Updated 02 January 2026
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Crown prince, Qatar Emir discuss regional developments in phone call

RIYADH: Crown Prince Mohammed bin Salman spoke on the phone on Thursday with Sheikh Tamim bin Hamad Al-Thani, Emir of Qatar.

During the call, the two leaders reviewed the fraternal relations between Saudi Arabia and Qatar and discussed ways to strengthen and develop cooperation, in addition to exchanging views on regional and international developments, the Saudi Press Agency reported.