Who’s Who: Raad Al-Saady, vice chairman and managing director of Saudi Arabia’s ACWA Power

Raad Al-Saady
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Updated 06 April 2023
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Who’s Who: Raad Al-Saady, vice chairman and managing director of Saudi Arabia’s ACWA Power

Raad Al-Saady has been the vice chairman and managing director of Saudi Arabia’s utility service provider, ACWA Power, since February this year.

In his current role, Al-Saady oversees growth and business expansion and provides guidance on strategy, human capital, stakeholder management and other strategic drivers.

The company strives to impact millions of lives daily by delivering essential power and water across three continents while driving the transition to a carbon-free, greener future.

Previously, Al-Saady was part of Abdul Latif Jameel company, a successful and diversified Saudi business conglomerate, where he held several key leadership roles across ALJ’s business sectors, including his tenure as vice president of mobility.

A strategic management veteran, Al-Saady has over 20 years of experience in the financial services and automotive industry, including a stint in the technology venture capital sector in Silicon Valley in California, US.

He also held governance-level roles in investment banking, international trade, real estate and aviation across diverse organizations, including Saudia airline, Morgan Stanley, the Saudi General Authority of Foreign Trade, flyadeal, and numerous other reputable non-governmental organizations.

Al-Saady has also been serving as chairman of the audit, risk and compliance committee for Saudia airline since October 2020, chairman of the executive committee of the Saudi General Authority of Foreign Trade, and chairman of NRC at flyadeal.

He was chairman of the board and the executive committee for Muheel Services LLC from June 2022 to December 2022, chairman of the audit committee for Morgan Stanley from June 2018 to December 2022, and member of the board of advisors for Four Principles from January 2019 to December 2022.

Al-Saady was also chairman of the board for the Mutalabah Company for Financial Entities Debt Collection.

He holds a bachelor’s degree in business management from Menlo College in California, US.
 


French universities education fair in Jeddah showcases study opportunities

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French universities education fair in Jeddah showcases study opportunities

  • Choose France Higher Education Fair offered prospective students and parents access to representatives from 15 leading French institutions
  • Beatrice Khaiat: We have brought a large delegation of nearly 15 French universities and schools, covering disciplines such as engineering, business, hospitality and tourism and French language programs

JEDDAH: An event was held on Monday at the University of Business and Technology in Jeddah to highlight academic and study opportunities in France available to Saudi students.

The Choose France Higher Education Fair offered prospective students and parents access to representatives from 15 leading French institutions.

It was inaugurated by Mohammed Nehad, consul general of France in Jeddah, in the presence of Dr. Weam Husni Tunsi, president of UBT, alongside officials from the French Consulate and a delegation from Campus France.

Beatrice Khaiat, deputy director general of Campus France, spoke about the importance of the initiative, saying: “Given the strong relationship between France and Saudi Arabia, it is very important to strengthen our cooperation with Saudi universities and schools.

“That is why we have brought a large delegation of nearly 15 French universities and schools, covering disciplines such as engineering, business, hospitality and tourism and French language programs.”

She added that France is keen to welcome more Saudi students, particularly women.

“Currently, there are around 600 Saudi students in France, one-third of whom are women, but we want to see more students, and more women, coming from Saudi Arabia,” Khaiat said. 

Nehad highlighted the need to raise awareness of French higher education among Saudi students.

“The main aim is to make French universities better known in Saudi Arabia, as there is currently limited awareness about them.

“France has some of the best universities in Europe and the world, particularly in fields such as management, medicine, law and other areas,” he said. 

Nehad noted that around 1,000 Saudi students study in France each year, adding: “We would like to expand this number. Saudi students are always welcome in France, and we have the capacity to host them and provide the best of French education, particularly in fields such as medicine, management, and tourism.” 

He also underlined the value of the multicultural experience France offers. “When you study in France, you will be part of a diverse international community and gain a truly unique experience at the heart of Europe.”

Tunsi added: “France is one of our top destinations. Currently, 25 of our tourism and hospitality students are studying in France for a full semester at Ecole Ferrieres. Last summer, we also sent students to Paris and Toulouse Business School.”

The fair also featured participation from leading French institutions, including Sciences Po.

Lea Albrieux, international affairs manager for the Middle East, North Africa, Pakistan, Turkiye and the Gulf at Sciences Po, explained the financial support available to Saudi students.

“We do have a scholarship under the name of the founder of Sciences Po,” Albrieux said.

“It’s a scholarship for non-European citizens, so Saudi citizens can apply for it when they are applying for our university.”

Another participant, Fabrice Tessier, professional ambassador at INNTO France, spoke about opportunities in hospitality, tourism and culture, saying: “We would be very happy to welcome Saudi students and also to make partnerships with Saudi universities.”  

Through strong institutional partnerships, direct student engagement and expanding academic cooperation, the French Consulate seeks to strengthen educational ties and create new opportunities for future generations of Saudi and French students.