Who’s Who: Rayan Fayez, managing director and CEO of Banque Saudi Fransi

Rayan Fayez
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Updated 22 February 2021
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Who’s Who: Rayan Fayez, managing director and CEO of Banque Saudi Fransi

Rayan Fayez has been the managing director and CEO of Banque Saudi Fransi since 2018.

Prior to assuming the leadership of Banque Saudi Fransi, he held the role of CEO of Savola Group from 2016 to 2018.

Previously, Fayez spent five years at Goldman Sachs Saudi Arabia, serving first as the executive director of investment banking in London and later as CEO and head of investment banking in the Kingdom.

Prior to that, he spent four years working at JP Morgan, first as an analyst of natural resources investment banking in New York, and later as an associate of natural resources investment banking in London.

In 2020, Fayez served as the chairman of the finance and infrastructure taskforce at the business group (B20) under the Kingdom’s G20 presidency.

Fayez is also a member of several boards, including those of the Saudi Stock Exchange, Human Resources Development Fund, Saudi Agricultural and Livestock Investment Co., and Hassana Investment Co.

He is also a member of the board investment committee of the Qiddiya Investment Co. and the Royal Commission for AlUla.

He has previously served as a board member of the Herfy Food Services Co., the Knowledge Economic City, and Almarai. 

Fayez holds a bachelor’s degree in mechanical engineering from the Massachusetts Institute of Technology, where he was also a member of the Pi Tau Sigma, a mechanical engineering honor society, and the National Society of Collegiate Scholars, an honors organization that recognizes and elevates high-achieving students.


King Salman academy to host Arabic education forum in Seoul

Updated 6 sec ago
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King Salman academy to host Arabic education forum in Seoul

  • Scholars, teachers, linguistic experts will attend May 9 and 10
  • Discussions on curricula, teaching methods and Arab culture

RIYADH: The King Salman Global Academy for Arabic Language is partnering with the Korean Association of Arabic Language and Literature and Hankuk University of Foreign Studies to host an international conference in Seoul, South Korea.

The conference, titled “Challenges and Prospects of Teaching Arabic Language and Literature,” is set for May 9 and 10, the Saudi Press Agency reported on Monday.

Participants will discuss key issues involving Arabic-language education globally and explore new approaches in response to evolving trends and needs.

The event will involve scholars, researchers and language experts; and will help promote Arab culture, the SPA reported.

The conference will focus six key areas related to teaching Arabic as a second language in Korea: modern methodologies, teaching materials, evaluation techniques, instructional strategies, and the current state of Arabic-language learning in Korea.

By bringing together experts and academics from Saudi Arabia, Korea and other regions, the conference is designed to assist Arabic-language teachers and non-native speakers.

The King Salman academy is also set to launch its upcoming international conference on computational linguistics.


Red Wave-7 naval drill kicks off in Saudi Arabia

Updated 25 min 38 sec ago
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Red Wave-7 naval drill kicks off in Saudi Arabia

RIYADH: The Red Wave-7 naval exercise has started at King Faisal Naval Base, home of the Western Fleet.

As well as the Royal Saudi Naval Forces, taking part are countries including Jordan, Egypt, Djibouti, and Yemen, along with the Royal Saudi Land Forces, the Royal Saudi Air Force, and units of the Saudi Border Guard.

The commander of the Western Fleet, Rear Admiral Mansour bin Saud Al-Juaid, said the drill aimed to enhance maritime security for countries bordering the Red Sea and protect territorial waters, according to Saudi Press Agency.

The drill includes a number of scenarios featuring exercises that offer significant training opportunities. There will be strategic lectures and simulated combat exercises designed to reflect potential real-world situations.

It will promote joint and combined operations, such as surface and air warfare, electronic warfare, and countering speedboat attacks. The forces will also conduct maritime security exercises, including protecting shipping lines and combating smuggling, terrorism, piracy and illegal immigration.

Al-Juaid said naval ships, helicopters, fast response boats, naval infantry, maritime special security forces and various types of combat aircraft would all be deployed over the duration of the drill.


Hareed Festival: A window into the heart of the Farasan Islands

Updated 06 May 2024
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Hareed Festival: A window into the heart of the Farasan Islands

  • Annual event highlights tourism potential

Riyadh: The Farasan Islands, a string of coral islands nestled 40 km off the coast of Jazan in the Red Sea, have been abuzz with activity recently as they hosted the 20th Hareed Festival.

This vibrant annual event celebrates the arrival of parrotfish, also called hareed, in the islands’ shallow waters, the Saudi Press Agency reported on Sunday.

The islanders have cherished this event for generations, transforming it into a social gathering that goes well beyond the arrival of the fish.

Visitors to the festival got a glimpse of the islands’ rich cultural heritage as it showcased the area’s unique customs, traditions, folk games, and handicrafts. It also focused its spotlight on Farasan’s remarkable tourism potential and historic sites.

Al-Dana provides one of the highlights. It is a captivating form of vocal art that is one of Farasan’s oldest folk traditions. It forms a poignant expression of longing, a result of the hardships endured by sailors on extended pearl-diving expeditions. The challenges faced by these brave men fueled the art form, which is deeply rooted in Farasan’s cultural identity.

The annual festival also gives an opportunity for Farasan residents to display their traditional handicrafts. Visitors can watch the making of fishing traps and nets, the intricate weaving of palm fronds, the creation of bags and rugs, and hat knitting.

A designated area at the hareed fishing site catered to families and children. Visitors could experience the thrill of catching parrotfish using a traditional method that involved setting up barriers to prevent the fish from escaping. This competition, a centuries-old tradition, allowed families to connect with the region’s fishing heritage.

Farasan’s most renowned tourist attractions highlighted the islands’ potential for tourism.

Al-Qassar village, which is located only 5 km from Farasan Grand Island, is a popular tourist site. This heritage village, which is built of stone and palm leaves, is home to the archipelago’s largest palm oasis.

Al-Qassar has served as a summer retreat for Farasan residents. People travel by camel to spend a three-month break in the village during the season of Al-Asef, the northwestern summer wind that comes after the hareed fishing season.

Famous for its abundance of fresh groundwater, Al-Qassar village comprises around 400 houses. These unique dwellings, with stone walls and roofs made of palm tree planks, leaves, doum palm, or anisotes trisulcus branches, topped with algae and mud, are made by traditional building techniques designed to withstand the elements.

The Hareed Festival is a window into the heart and soul of the inhabitants of the Farasan Islands; a celebration of culture, tradition, and the islands’ natural beauty.


Saudi Border Guard arrest 4 attempting to smuggle qat

Updated 06 May 2024
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Saudi Border Guard arrest 4 attempting to smuggle qat

JAZAN: The Kingdom’s Border Guard in Al-Ardah, Jazan, recently arrested four Yemeni nationals attempting to smuggle 80 kg of qat into the country, the Saudi Press Agency reported on Monday.

Mostly chewed by users, Qat is a mild stimulant and illegal across most of the Arab world.

The government has urged citizens and residents to report any information they have regarding drug smuggling or sales to the General Directorate of Narcotics Control. Reports can be made by calling 911 for Makkah, Riyadh and the Eastern Province, and 999 for other regions. Alternatively, information can be emailed to [email protected]. All reports are treated confidentially.


KSrelief distributes food in Pakistan, drills solar-powered wells in Nigeria

Updated 06 May 2024
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KSrelief distributes food in Pakistan, drills solar-powered wells in Nigeria

DUBAI: KSrelief, Saudi Arabia’s aid agency, recently distributed 370 food baskets in the flood-hit Shangla district of Khyber Pakhtunkhwa province, Pakistan, benefiting 2,590 individuals.

The aid was a part of the fourth phase of the Kingdom’s Food Security Support Project in Pakistan 2024.

Last week, KSrelief, in collaboration with a civil society organization, initiated a project to drill six solar-powered medium-depth water wells in Kwara State, Nigeria. The wells, each at a depth of about 80 meters and equipped with tanks holding 5,000 liters, are for the benefit of 30,000 individuals.

The beneficiaries lauded Saudi Arabia for addressing their vital water needs.