Saudi Arabia to UN: Aramco strikes were ‘organized terrorist attack’

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Remains of the missiles which Saudi government says were used to attack an Aramco oil facility, are displayed during a news conference in Riyadh, Saudi Arabia September 18, 2019. (Reuters)
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Remains of the missiles which Saudi government says were used to attack an Aramco oil facility, are displayed during a news conference in Riyadh, Saudi Arabia September 18, 2019. (Reuters)
Updated 19 September 2019

Saudi Arabia to UN: Aramco strikes were ‘organized terrorist attack’

  • The letters stated that “all indications are that the weapons used in the Aramco attack are Iranian”
  • Saudi Arabia said it will take measures to respond to the attacks in accordance with international law

RIYADH: Saudi Arabia said that Saturday’s strikes on two Aramco facilities were an “organized terrorist attack” in a letter to the UN Security Council.
The Saudi Mission to the United Nations sent a letter to UN Secretary-General Antonio Guterres and another to the President of the Security Council Russia’s Permanent Representative to the UN Vasily Nebenzya and members of the Security Council on Wednesday.
The letters stated that “all indications are that the weapons used in the Aramco attack are Iranian.”
They also explained that Saudi Arabia will take measures to respond to the attacks in accordance with international law, and called on the UN and international experts to participate in the investigation into the attack.


Moath Al-Naeem, chief investment officer of Alpha Capital

Updated 17 October 2019

Moath Al-Naeem, chief investment officer of Alpha Capital

Moath Al-Naeem has been chief investment officer of Alpha Capital since its establishment in March 2018.

Alpha Capital is a rapidly growing company licensed by the Capital Market Authority and with assets well above SR1 billion ($267 million).

Before joining the company, Al-Naeem worked for almost a decade in Saudi Aramco’s investment department, which handled the oil giant’s multibillion-dollar pension and savings plans.

Al-Naeem began his career as a financial analyst in fixed income and public equity desks. Afterwards, he led the international real estate desk, where he conducted an on-site investment review and due diligence on several funds to build the global real assets portfolio.

He worked on the restructuring of Aramco’s thrift savings plan and was part of a team that led the successful spin-off of the investment department to a standalone entity, Wisayah Investment Co.

Al-Naeem, a CFA charter holder, earned his MBA from Imperial College London, and attended executive programs in real estate and private equity at Harvard and London Business School, respectively.

He is a board member of Dammam Airport Co. and Siporex Lightweight Construction Co., and a member of the Investment and Financial Papers Committee at the Riyadh Chamber of Commerce and Industry. He was also a board member of the CFA Society in Saudi Arabia.