Who’s Who: Dr. Saad Alrwaita, vice president at Prince Sultan University

Dr. Saad Alrwaita
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Updated 03 June 2021
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Who’s Who: Dr. Saad Alrwaita, vice president at Prince Sultan University

Dr. Saad Alrwaita has been vice president for administrative and financial affairs at Prince Sultan University (PSU), since 2003.

Alrwaita, an expert in management and government accounting, is also professor of accounting at PSU, where he is a member of the university’s board of trustees, and at King Saud University (KSU).

He is a consultant for many governmental and private organizations and is a member of various scientific, academic and research institutions.

In addition, he is an external examiner at different accounting institutions and a reviewer for several research journals.

Alrwaita received a bachelor’s degree with honors from KSU’s college of business administration in 1982. Five years later, he was granted a master’s degree in accounting from the University of Miami, Coral Gables, US.

In 1993, he obtained a Ph.D. from the University of Colorado, with his doctorate thesis discussing ownership control and performance in an underdeveloped market environment.

The PSU’s vice president has wide work experience and has been a board member in a number of investment companies, such as the Saudi Industrial Investment Group (SIIG), where he was recently appointed to its board of directors.

From 2012 to 2018, he has been a board member of the National Commercial Bank (NCB) and chairman of the bank’s audit committee. Since 2019, he has been a member of the auditing committee at Alinma Bank.

For nearly a year, beginning in 2015, he was a board member of the Saudi Printing and Packaging Company and chairman of its audit committee.

From 2008 to 2015, he chaired the Rana Investment Fund, where he was also a member of its board of directors.

Alrwaita has been a board member of the audit committee at the National Shipping Company of Saudi Arabia (Bahri) since 2014. He has also been a member of the SIIG’s audit committee since 2018.

Moreover, he has been a member of the auditing committee at the Public Pension Agency since 2006 and served as a member of the audit committee at Ma’aden from 2008 to 2011.

He has also been chairman and member in several other financial inspection committees of entities such as the Ministry of Finance, where he was a member of its Zakat and Tax Appellate Committee from 2002 to 2018.

Between 2005 and 2008, he worked as the chairman of the committee of continuous education and training at the GCC Accounting and Auditing Organization (GCCAAO).

From 2003 to 2006, he was a board member of the Saudi Organization for Certified Public Accountants (SOCPA).


Red Wave-7 naval drill kicks off in Saudi Arabia

Updated 10 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.


Saudi anti-corruption authority reveals details of recent cases

Updated 06 May 2024
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Saudi anti-corruption authority reveals details of recent cases

  • Spokesman said legal procedures had been initiated against all perpetrators

RIYADH: A spokesman for Saudi Arabia’s Oversight and Anti-Corruption Authority, also known as Nazaha, revealed on Sunday details of a number of criminal cases it recently investigated and prosecuted.

Outlining 20 of the most prominent corruption cases, he said legal procedures had been initiated against all perpetrators.

In one case, two Central Bank employees were arrested for receiving sums of money from a resident, who was also arrested, in exchange for depositing more than SR7.3 million ($1.95 million), without verifying the source, into bank accounts belonging to commercial entities over a two-year period.

In another case, a security officer working at the General Department of Traffic was arrested for receiving SR387,000 from the owner of a public services office, who was also arrested, in exchange for illegally amending the essential data of a group of vehicles.

One of the cases also highlighted involved an employee working at a university hospital who was arrested for receiving SR100,000 from citizens in exchange for a promise to employ them at the university.

Nazaha said it continues to work to identify and prosecute anyone in the Kingdom involved in the embezzlement of public funds, guilty of abuse of power and position for personal gain, or otherwise harming the public interest.

It stressed that guilty parties will be pursued and held accountable, and that there is no statute of limitations on such crimes.