BMG Economic Forum to be held at London Stock Exchange

The BMG Economic Forum will be held at the London Stock Exchange on July 26. The forum will cover different topics including geopolitics, dual listings, key growth sectors, Nomu market, SMEs, and the future of fintech.
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Updated 25 July 2022
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BMG Economic Forum to be held at London Stock Exchange

BMG Financial Group will host its annual Economic Forum focused on Saudi Arabia’s Vision 2030 at the London Stock Exchange on July 26. The forum will cover different topics including geopolitics, dual listings, key growth sectors, Nomu market, SMEs, and the future of fintech.  
Senior Saudi officials, prominent businessmen, CEOs and others are among the distinguished faculty of speakers for the forum. Speakers will include Dr. Nabeel Koshak, CEO and board member, Saudi Venture Capital Company; Abdulaziz Al-Ghifaili, UK international office director, Ministry of Investment; Al-Bader Foudeh, industrial development deputy minister, Ministry of Industry; Talaat Hafez, board member of Baa-Azeem Trading Co; Ali Alireza, managing director, Haji Hussein Ali Reza; Julia Hoggart, CEO of London Stock Exchange; and Cevdet Caner, CEO of Aggregate Holdings. In addition to them, Makarem Al-Batterjee, chairman of Gold’s Gym Arabia; Sekip Senturuk, deputy CEO of Baytur; Mohammad Shahin, CFO of Al-Shair Group; and Vittorio Rocchi, CFO of Sitaf Foods; are also going to be a part of the speakers faculty. The forum will also include a panel discussion on the offering of Saudi family businesses in the parallel market and its role in supporting the economy to achieve the Kingdom’s Vision 2030.

BACKGROUND

BMG Foundation has been bridging East and West through sport, music and art for more than 20 years. The vision of the foundation is to transcend differences through the common language of culture.

Basil Al-Ghalayini, CEO of BMG Financial Group, said: “We chose the London Stock Exchange to host our forum because it is the oldest exchange in the world, which will help to broaden our message and reach global investors to promote the promising inward investments into the Kingdom.”
On the night before the forum, BMG Foundation will host a classical music concert with the theme “Ears Around the World,” where East meets West, performed by the Royal Philharmonic Orchestra and conducted by William Walker. The G20 Orchestra musicians will showcase certain musical traditions of Saudi Arabia, aiming to strengthen the deep cultural connections between nations.
BMG Foundation has been bridging East and West through sport, music and art for more than 20 years. In a world that constantly reminds us of our differences and what sets us apart, the vision of BMG Foundation is to transcend differences through the common language of culture.


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.