Ex-Olympic sprinter Usain Bolt among 150 top speakers lined up for Saudi FII event

Usain Bolt of Jamaica after winning the men’s 200m final during the 15th IAAF World Championships at the National Stadium in Beijing, China, August 27, 2015. (Reuters)
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Updated 27 January 2021
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Ex-Olympic sprinter Usain Bolt among 150 top speakers lined up for Saudi FII event

  • The two-day event, which starts on Wednesday, will see Bolt join a discussion titled, “Playing to win: How will global investment drive the future of the sports industry?”
  • The athlete will be joined by Saudi Minister of Sport Prince Abdul Aziz bin Turki Al-Faisal and President of the International Automobile Federation (FIA) Jean Todt

DUBAI: Jamaican eight-time Olympic gold medalist Usain Bolt has been named as one of the star speakers lined up to take part in a major Saudi investment and innovators conference.

The 34-year-old sprinter will be among 150 big names set to participate in the fourth edition of the Future Investment Initiative (FII).

The two-day event, which starts on Wednesday, will see Bolt join a discussion titled, “Playing to win: How will global investment drive the future of the sports industry?”

The athlete will be joined by Saudi Minister of Sport Prince Abdul Aziz bin Turki Al-Faisal, Kenyan Cabinet Secretary for Sports, Culture, and Heritage Dr. Amina Mohamed, Chairman of Formula E Alejandro Agag, and President of the International Automobile Federation (FIA) Jean Todt.

The theme for this year’s FII event will be “The Neo-Renaissance,” and due to travel restrictions as a result of the coronavirus disease (COVID-19) pandemic, some speakers will attend in-person in Riyadh, while many more will participate virtually from hubs in New York, Paris, Beijing, and Mumbai.

Another speaker revealed in the latest list is Senator Matteo Renzi, former prime minister of Italy and a member of the FII Institute’s board of trustees.

A leadership session on Thursday will feature a discussion between Kevin Rudd, the former PM of Australia and Alberto Fernandez, the president of Argentina, with insights from Bruno Le Maire, the French minister of the economy, finance, and recovery.

Some of the top-name speakers announced last week included Saudi Energy Minister Prince Abdul Aziz bin Salman, Chairman and CEO of Goldman Sachs Group David Solomon, Credit Suisse CEO Thomas Gottstein, Reliance Industries Chairman Mukesh Ambani, Total Chairman and CEO Patrick Pouyanne, British Minister of State for International Trade Lord Gerry Grimstone, Hyperloop One Co-founder Josh Giegel, and Co-founder and Co-executive Chairman of The Carlyle Group David Rubenstein.

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Other speakers will be Saudi Public Investment Fund Gov. and FII Institute Chairman Yasir Al-Rumayyan, Co-chairman and Chief Information Officer of Bridgewater Associates Ray Dalio, Snam CEO Marco Alvarez, UAE Minister of Industry and Advanced Technology and Special Envoy and Group CEO of the Abu Dhabi National Oil Co. Dr. Sultan Al-Jaber, Vice Chairman and Managing Director of Moelis and Co. Eric Cantor, Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem, and Saudi Minister of Investment Khalid Al-Falih.

In addition, delegates can expect to hear from Saudi Ambassador to the US Princess Reema bint Bandar bin Sultan, Co-founder, Chairman, and CEO of Sinovation Ventures Dr. Kai-Fu Lee, Executive Chairman of Colony Capital Thomas Barrack, EDF CEO Jean-Bernard Levy, Mahindra Group Chairman Anand Mahindra, Blackstone Chairman, CEO, and Co-founder Stephen A. Schwarzman, the former President of the COP21 Paris Agreement Laurent Fabius, CEO and Managing Director of Mubadala Investment Co. Khaldoon Al Mubarak, and Founder and Managing Partner of SkyBridge Capital and former White House Director of Communications Anthony Scaramucci.


Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

Updated 04 January 2026
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Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, shedding 185.05 points, or 1.75 percent, to end the session at 10,364.03. 

Total trading turnover on the benchmark index stood at SR2.55 billion ($680 million), with 20 stocks advancing and 237 declining. 

The Kingdom’s parallel market Nomu also retreated, falling 0.63 percent, or 147.19 points, to close at 23,371.82. 

The MSCI Tadawul Index slipped 1.71 percent to 1,369.56. 

Saudi Industrial Export Co. was the top gainer on the main market, with its share price jumping 9.87 percent to SR2.56. 

Shares of Naqi Water Co. rose 2.53 percent to SR58.80, while Shatirah House Restaurant Co. advanced 2.18 percent to SR9.39. 

On the downside, Gulf Union Alahlia Cooperative Insurance Co. posted the steepest decline, with its share price falling 4.61 percent to SR10.14. 

On the announcements front, Scientific & Medical Equipment House Co. said it had been awarded a contract valued at SR260.98 million by the Ministry of Human Resources and Social Development to supply uncooked food materials and catering items to beneficiaries at the ministry’s residential branches across the Kingdom.  

The project scope also includes providing cooked meals to selected anti-begging offices over a 24-month period, according to a Tadawul statement. The company added that the financial impact of the contract will begin in the fourth quarter of this year. 

It said further developments would be disclosed in due course after all relevant parties sign the final contract and a copy is received. 

Shares of Scientific & Medical Equipment House Co. edged up 0.31 percent to SR32.44. 

Separately, Dr. Soliman Abdel Kader Fakeeh Hospital Co. and its subsidiaries signed an agreement with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City for SR217.99 million. 

According to a Tadawul statement, the land, which spans 34,581 sq. meters, will be used to develop an integrated healthcare facility under a 50-year lease. 

The company said the financial impact of the agreement is expected to begin once the medical facility is completed and becomes operational. 

Shares of Dr. Soliman Abdel Kader Fakeeh Hospital Co. fell 1.92 percent to SR33.74.