Who’s Who: Rakan Al-Huthali, group executive director at ROSHN, KSA’s largest real estate firm

Rakan Al-Huthali
Short Url
Updated 06 November 2022
Follow

Who’s Who: Rakan Al-Huthali, group executive director at ROSHN, KSA’s largest real estate firm

Rakan Al-Huthali is the group executive director of corporate governance, risk management and compliance at ROSHN, Saudi Arabia’s largest real estate development company wholly owned by the Public Investment Fund.
Al-Huthali has enjoyed an extensive 10-year career in finance and accounting, with prior experience in investment management. During this time, he has gained valuable cross-sector experience in the real estate, wealth management, hospitality, global finance investment, retail and automotive sectors.
Al-Huthali joined ROSHN in November 2020 as executive director of internal audit. Through his responsibility for the audit processes, financial reporting and assessment functions he gained a comprehensive understanding of the company’s internal mechanisms that prepared him for his current role.
As ROSHN’s group executive director of corporate governance, risk management and compliance, Al-Huthali is a key enabler of performance and transparency across the company’s broad range of activity – helping ROSHN to contribute to Vision 2030 objectives.  
Al-Huthali joined ROSHN from the investment management industry, where he held the position of chief of internal audit at SEDCO Capital. Al-Huthali worked for SEDCO Holding between 2014 and 2017, initially as an associate senior auditor and eventually as the company’s internal audit manager, handling construction and implementation of group-level audit plans.
Between 2008 and 2011, he worked as an external auditor at Ernst & Young in Saudi Arabia, gaining experience of both the Saudi market and global approaches to financial reporting.
Al-Huthali graduated with honors from King Abdulaziz University with a bachelor’s degree in accounting in 2008. He went on to earn a master’s degree with honors in auditing and accounting information systems from Southern Illinois University.

 


Saudi, Russian foreign ministers discuss ties in phone call

Updated 7 sec ago
Follow

Saudi, Russian foreign ministers discuss ties in phone call

RIYADH: Saudi Foreign Minister Faisal bin Farhan on Tuesday received a phone call from his Russian counterpart Sergei Lavrov.

The Saudi Press Agency said both ministers discussed bilateral ties and issues of common interest.


Ministry launches service to hire seasonal Hajj workers

Updated 11 min 54 sec ago
Follow

Ministry launches service to hire seasonal Hajj workers

  • The initiative allows businesses to engage a temporary workforce through seasonal contracts during the Hajj period

RIYADH: The Ministry of Human Resources and Social Development has launched the Ajeer Al-Hajj service for this year’s Hajj season.

The initiative allows businesses to engage a temporary workforce through seasonal contracts during the Hajj period.

The ministry is encouraging Saudis and expatriate residents interested in working at the holy sites during the Hajj season to upload their CVs on the Ajeer portal, the Saudi Press Agency reported on Tuesday.

This integrated platform connects job seekers with available positions, facilitating workforce management and streamlining processes for both businesses and workers during the Hajj season.

The launch of Ajeer Al-Hajj aligns with the ministry’s broader strategy to enhance services for pilgrims and improve their experience during this sacred period.

Establishments are now required to issue Hajj permits for individuals employed on a seasonal basis, with strict penalties for non-compliance, the SPA reported.

This service enables businesses to issue work permits and recruit temporary staff, as well as advertise job vacancies specifically designed for the Hajj season. Job seekers can access these opportunities and apply directly through the platform.

The key goals of Ajeer Al-Hajj are to foster workforce flexibility, boost market efficiency, and reduce reliance on external recruitment sources, according to the SPA.

The service is accessible online in a streamlined manner for businesses and individuals through the following website: https://www.ajeer.com.sa.


King Khalid airport opens direct route to Beijing with 3 flights a week

Updated 07 May 2024
Follow

King Khalid airport opens direct route to Beijing with 3 flights a week

RIYADH: King Khalid International Airport has announced the inauguration of a new air route that will connect Riyadh to the Chinese capital, Beijing.

The route will be serviced by three weekly flights operated by Air China, starting May 6, the Saudi Press Agency reported.

The airport, managed and operated by Riyadh Airports Company, said the new route reflects the company’s commitment to enhancing direct air connectivity between the Kingdom and China.

The initiative is intended to allow more Chinese tourists to visit the Kingdom, explore additional tourist destinations and discover existing investment opportunities, the RAC said.

The company also said that the collaboration with Air China is a result of a series of pioneering achievements by RAC, including obtaining the “Welcome Chinese” certification for King Khalid International Airport last July. The certification enhances the prospects of success in cooperation between the two parties, the company said.

The RAC said that the launch of the new route will contribute to achieving the targets of the National Civil Aviation Strategy, which aims to increase air connectivity to more than 250 destinations and 29 airports.

The strategy includes developing airport infrastructure and establishing regulatory frameworks for operational processes at international and local level.


Saudi authorities foil attempt to smuggle 27.6 kg of cocaine

Updated 07 May 2024
Follow

Saudi authorities foil attempt to smuggle 27.6 kg of cocaine

RIYADH: Saudi Arabia’s Zakat, Tax and Customs Authority has thwarted an attempt to smuggle into the Kingdom 27.6 kg of cocaine found hidden inside the air conditioner of a shipment of potatoes.

Authorities at Jeddah Islamic Port arrested two individuals who were set to receive the shipment.

In a statement ZATCA said it is “committed to stiffening customs control of the Kingdom’s imports and exports, stressing that it will stay vigilant to thwart smuggling attempts and ensure the protection of the society.”

Members of the public are encouraged to report any drug-related crimes by calling 1910, via e-mail [email protected], or through the international number 00966114208417.


Saudi ministries sign deal to achieve goals in fields of culture, human resources

Updated 07 May 2024
Follow

Saudi ministries sign deal to achieve goals in fields of culture, human resources

  • Move aligns with aims of Saudi Vision 2030

RIYADH: Saudi Arabia’s Minister of Culture Prince Badr bin Abdullah bin Farhan, and the Minister of Human Resources and Social Development Ahmed Al-Rajhi signed a cooperation agreement on Monday aimed at achieving their respective goals.

The agreement will also work to develop human capital in the culture and arts sectors.

It is hoped the partnership will lead to the development of local cultural identity; the growth in local economic interaction; an increase in job opportunities and social development; and the creation of a legislative and regulatory environment that encourages investment and innovation in the cultural sector.

It is expected this will lead to increased economic activity and new job opportunities, targets which form part of Saudi Vision 2030, the Saudi Press Agency reported.

The ministries will study ways to encourage and motivate the participation of the private sector in developing the culture and arts sectors as part of the agreement.