Making sustainable efforts to empower social entrepreneurs

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Updated 22 March 2022
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Making sustainable efforts to empower social entrepreneurs

RIYADH: Lujain Al-Ubaid is co-founder CEO of Tasamy, a nonprofit organization focused on the discovery and development of sustainable and innovative business solutions to social issues through empowering social entrepreneurs and collaborating with public and private institutions.

Social entrepreneurship is the effort by individuals and groups to find and implement solutions to social and environmental issues.

After graduating from Saudi Arabia’s Al Yamama University with a degree in business administration and finance, Al-Ubaid participated in the Harvard Business School Women Executive Leadership Program and Columbia Business School’s Executive Education Program for Non-Profit Organizations, among other academic accomplishments.

Having spearheaded various social welfare initiatives during her high school years and subsequently worked with several charitable organizations, Al-Ubaid founded her NGO Tasamy for Social Entrepreneurship in December 2011.

She has represented the social entrepreneurship field at numerous national and international conferences and summits and has been an advisor on a number of governmental and private projects in the Kingdom.

Al-Ubaid was recognized by King Salman for her contributions to the AlGhad forum, a national youth development organization where she was a founding member of the strategic planning team. She was also presented with the Mentor Arabia Award by Queen Silvia of Sweden.


Closing Bell: Saudi main index climbs to 10,485 

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Closing Bell: Saudi main index climbs to 10,485 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Sunday, gaining 34.32 points, or 0.33 percent, to close at 10,484.59. 

The total trading turnover of the benchmark index stood at SR2.59 billion ($690 million), with 168 listed stocks advancing and 87 declining. 

The Kingdom’s parallel market Nomu also gained 100.37 points to close at 23,454.65. 

The MSCI Tadawul Index advanced by 0.13 points to 1,377.44. 

The best-performing stock on the main market was Nama Chemicals Co., whose share price increased by 9.98 percent to SR22.38. 

The share price of Al Masar Al Shamil Education Co. rose by 9.15 percent to SR23.85. 

Saudi Paper Manufacturing Co. also saw its stock price climb by 8.42 percent to SR57.95. 

Conversely, the share price of Canadian Medical Center Co. dropped by 6.37 percent to SR6.03. 

The stock price of Kingdom Holding Co. also declined by 3.16 percent to SR8.28. 

In the parallel market, Alfakhera for Mens Tailoring Co. was the top performer, with its share price advancing by 16.40 percent to SR8.80. 

On the announcements front, Theeb Rent a Car Co. said it had signed a long-term vehicle leasing services contract valued at SR110.4 million with Hungerstation Co. 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation for a period of four years starting from 2026, according to a Tadawul statement. 

The statement added that the vehicles will be delivered in batches within the first six months from the contract start date, taking into consideration global logistical circumstances and procedures beyond the control of both the agents and the company. 

The contract is expected to have a positive impact on the company’s financials from the first quarter of 2026. 

The share price of Theeb Rent a Car Co. declined by 0.79 percent to SR37.80.