World media shown damage at sites of Aramco attack

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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
Updated 20 September 2019

World media shown damage at sites of Aramco attack

  • Aramco is shipping equipment from the US and Europe to rebuild the damaged facilities
  • Al-Jubeir said attacks were an “extension of the Iranian regime’s hostile and outlawed behavior”

RIYADH: Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14.
At Khurais, cranes had been erected around two burnt-out stabilization columns, which form part of oil-gas separation units, and melted pipes.
“We are confident we are going back to the full production we were at before the attack (on Khurais) by the end of September,” Fahad Abdulkarim, Aramco’s general manager for the southern area oil operation, told reporters.
“We are working 24/7 ... this is a beehive.”
Aramco is shipping equipment from the US and Europe to rebuild the damaged facilities, Abdulkarim added.
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir said on Thursday the attacks were an “extension of the Iranian regime’s hostile and outlawed behavior.”
Iran has denied involvement in the attack.
Responsibility was claimed by Yemen’s Houthis who are backed by Iran.
(With agencies)


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.