International women's day: From train drivers to ice cream parlors — Saudi women take new jobs

There are already several well-known and high-profile Saudi female professionals, including Lubna Olayan, Sarah Al-Suhaimi and Rania Nashar. (@SRP_KSA video) 
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Updated 08 March 2022
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International women's day: From train drivers to ice cream parlors — Saudi women take new jobs

RIYADH: Women joining the workforce in Saudi Arabia has been a key development of the Kingdom’s Vision 2030 social and economic reforms, which has seen their participation jump from 19% in 2016 to 33% last year. 

These findings are highlighted by the Total Remuneration Survey 2021, an annual study carried out in the Kingdom and in other countries around the world by Mercer, a New York-based global human resources consultancy.

“The survey gives us a lot of good insights on the demographics of the Saudi workforce, as well as compensation and benefits across different sectors, which we use to support clients and organizations to make decisions based on data and market insights,” Najla Najm, Mercer partner, Saudi Arabia told Arab News.

The government, healthcare and education sectors have traditionally seen a higher level of female employment in the Kingdom. But Najm points out that a growing number of women have entered cutting-edge IT and AI-related professions like data science and cybersecurity in recent years. Also, technical industries such as aviation and newly emerging sectors like tourism and entertainment have seen expanding female participation.

There are already several well-known and high-profile Saudi female professionals. Lubna Olayan is chair of the Saudi British Bank, Sarah Al-Suhaimi is chair of Tadawul, the Saudi stock exchange, and Rania Nashar is a former CEO of the Samba Financial Group. 

Afrah Al-Othman was recently in the news as the first Arab female to take an unmanned submarine in deep water, while a 30-strong female crew is currently being trained to drive high-speed trains on the Makkah-Medina line.
However, the Mercer survey drills down to reveal a fuller picture of female participation in the Saudi workforce.

It shows that women are most strongly represented in the human resources sector, where they take up 17% of managerial and executive positions, the legal profession, where they comprise 11% of managerial jobs; and sales and marketing, with women making up 8% of managerial posts and 7% of executive roles.

However, even with the recent rise in female entrants to more technical professions, the survey shows that women still hold no more than 4% of IT management positions and 3% of management roles in administration.
But Najm cautioned against drawing instant conclusions from these bald numbers. 

“I think the story we want to focus on is not necessarily the percentage of women today, but the percentage of growth within women in the workforce”, she noted. “And these numbers show great progress in a short period of time, which means that there are more and more opportunities available for females to participate in the workforce and reach their full potential.”

Also, the Mercer report points out that a growing number of Saudi women choose to start their own businesses. There has been a jump of 112% in commercial registrations issued for women entrepreneurs since 2015 — ranging from home-based catering or tailoring services to much larger concerns hiring hundreds or even thousands of workers.

Najm points out that female entrepreneurship is nothing new in the Kingdom. 

“Historically, many Saudi women chose to start their own business due to the previous lack of employment opportunities”, she said. “But today you have so many facilities and platforms that support Saudi entrepreneurs, both male and female.”

One such government-run agency is Monsha’at, the Small and Medium Enterprises General Authority, which provides a host of services and advice to startup founders.

Nouf Al-Qahtani, owner of the NSHQ chain of perfumeries and Abeer Al-Hashim, founder of the Nine Soft Serve ice-cream chain, both benefitted from Monsha’at’s hands-on marketing and management guidance.

“The entire commercial process is easier now,” Al-Hashim told Arab News, “Especially in terms of tech applications — it’s so simple to communicate with the government online, and as a woman you no longer need a man to speak on your behalf.”

Al-Qahtani added: “We get such a lot of official support, and that’s something that I’m very proud of.”

Najm believes that the social and economic transformation of Vision 2030 is having an impact right across the Kingdom.

She said: “As we move towards a more knowledge-based economy, the people of the country will help enable the realization of that vision.

“The future of the Kingdom lies within the people, and the youth, and women of course are half of the population. So, women definitely have a big role to play in the future vision of this country.”


Saudi PIF executes 10 investment deals in MENA markets, says official 

Updated 11 December 2025
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Saudi PIF executes 10 investment deals in MENA markets, says official 

RIYADH: Saudi Arabia’s Public Investment Fund has executed more than 10 investment deals across several markets in the Middle East and North Africa over the past two years, according to Muteb Al-Shathri, head of PIF’s Securities Investments Private Equity Section, who described the returns as “rewarding.” 

Al-Shathri said these markets included Egypt, Bahrain, Jordan, and Oman, noting that the search for opportunities continues through collaboration with the fund’s public and private sector partners, provided a suitable investment climate exists in other regional markets. 

Muteb Al-Shathri, head of PIF’s Securities Investments Private Equity Section. AL-EQTISADIAH

He added that the launch of the fund’s regional investment companies reflects the attractiveness and promising opportunities in the MENA region — among the fastest-growing markets globally — while also aiming to strengthen the PIF’s investment partnerships, those of its portfolio companies, and Saudi private sector engagement with targeted regional markets. 

This approach, he added, supports the development of long-term strategic economic partnerships to achieve sustainable returns, enhance the fund’s assets, and diversify Saudi Arabia’s revenue sources in line with Vision 2030 objectives. 

Al-Shathri said: “The PIF’s recent regional activities are fully aligned with Saudi Arabia’s Vision 2030 strategy.” 

The regional investment companies also enable the Saudi private sector to expand its investment footprint across MENA, creating strategic economic collaboration opportunities with private sector players in target markets, while supporting the growth and diversification of the Saudi economy. 

Regarding the scale of the deals, Al-Shathri noted that some were announced as private acquisitions, while many of the companies PIF invested in are now publicly traded, adding that comparing share prices at the time of entry with current levels demonstrates strong returns. 

According to Al-Shathri, PIF has established offices for its regional investment companies in four key markets — Cairo, Manama, Amman, and Muscat — bringing together the fund’s investment expertise alongside national talent from each country. 

“These offices, set up more than two years ago, have been pivotal in identifying suitable opportunities and helping PIF’s companies and the Saudi private sector enter these markets,” he said. 

He further said that over the past two years, they have completed more than 10 investment deals across a range of companies and new projects, all of which have seen growth in size, scope, revenues, and profits. 

On the performance of regional companies, he explained that activity levels vary depending on market conditions, but operations and asset management continue, adding that the Egyptian market remains one of the largest, with many high-performing companies present. 

Highlighting key investments, Al-Shathri pointed to PIF’s 2021 investment in ADES, a well-known oil well drilling company that was traded on the London market before being taken private for two years and later publicly listed. ADES recently signed an agreement with the Syrian Petroleum Co. to develop oil and gas fields and operates in over 20 countries across four continents. 

Diverse and promising acquisitions 

Al-Shathri detailed specific market investments, beginning with the Saudi-Egyptian Investment Co., which initially acquired stakes in three private-sector companies: B.Tech, a leading electronics and home appliance distributor; CERA Group, the largest private education provider in Egypt; and Cleopatra Hospitals Group. 

The company also invested in four public-sector entities: Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., e-Finance for financial and digital investments, and Alexandria Container & Cargo Handling Co., the latter of which was recently fully divested. 

The Saudi-Jordanian Investment Co. invested in three promising Jordanian firms: Opensooq platform, Capital Bank Group, and Al-Youm Bakery, and announced a major project in healthcare and medical education — the Kingdom Healthcare and Medical Education Project. 

The Saudi-Bahraini Investment Co. recently signed an agreement with Mumtalakat, Bahrain’s sovereign wealth fund, to enhance cooperation and investment in strategic sectors. This follows a memorandum of understanding between PIF and Mumtalakat in March 2024 to expand collaboration opportunities. 

Al-Shathri added that the Saudi-Omani Investment Co. acquired a 9.8 percent stake in Abraj Energy Services, 3.75 percent in OQ Basic Industries, and 4.9 percent in OQ Oman Gas Networks, for a total investment of $163 million. The company also signed an MoU with the Oman Investment Authority to expand cooperation and support new investment opportunities in the sultanate. 

Investment based on clear principles 

Al-Shathri emphasized that PIF establishes companies based on strict investment criteria, aiming for sustainable returns in line with calculated risk levels, stressing that returns are received as expected. 

“Our investment policy is open to all sectors in every market, though each market has its own competitive advantages,” he said. 

He added: “We always target quality investments with rewarding, sustainable returns while creating positive social and economic impact in each market.” 

Ongoing market monitoring and research 

As for future announcements, Al-Shathri said: “We are constantly monitoring the markets and have a team of experts at the fund working in the research sector. If we identify opportunities in other markets, they will be presented in line with PIF’s standard procedures.” 

He added that the fund always pays close attention to the capabilities of the company and other shareholders, “ensuring they are of a very high standard not just in terms of the company’s financial value, because financial value can only be preserved and grown by strong management and partners.” 

Domestic focus and strategic partnerships 

Regarding the Saudi economy, Al-Shathri said that domestic matters are a priority for the PIF, especially since Saudi Arabia has the largest economy in the region. 

He added: “We are always keen to allocate most of our investments within Saudi Arabia and attract investment funds to the country.” 

Recently, the fund closed a deal between a consortium of BlackRock investors and Saudi Aramco in the Al-Jafurah field. It is worth noting that BlackRock’s infrastructure investments in Saudi Arabia exceed $20 billion, according to previous announcements. 

On the key companies targeted by the fund, Al-Shathri said some will be announced soon, emphasizing that PIF’s strategy is clear: to seek high-growth companies that serve the fund’s objectives and align with Vision 2030 goals. 

He pointed out that the fund engages with numerous companies that see significant value in partnering with it, adding that PIF’s efforts go beyond launching investment opportunities and providing regional expansion capabilities, emphasizing that they also include contributing to the companies’ growth, improving governance, and enhancing prospects for public listing.