Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.

Abdullah Bakhraibah
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Updated 04 September 2024
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Who’s Who: Abdullah Bakhraibah, CEO of Arab Investment Co.

Abdullah Bakhraibah is CEO of the Arab Investment Co. as of August 2024.

The Arab Investment Co., a pan-Arab financial institution established in 1974, is owned by the governments of 17 Arab countries.

Bakhraibah’s experience of over 16 years in finance and investment, both locally and globally, makes him a valuable asset to the company.

In this role, he will lead the company in building and developing its business and achieving its new strategic objectives.

His most recent position was CEO and board member of State Street Saudi Arabia Financial Solutions, a Capital Market Authority-licensed subsidiary of State Street Corp., one of the world’s largest global financial institutions.

During his tenure, he spearheaded the opening of their office in the Kingdom, expanded their business presence, launched local portfolio management, and endorsed local partnerships.

He served as a member of CMA’s Capital Market Institutions Committee in 2020 for two years.

Prior to that, Bakhraibah served as head of business and products development at Ashmore Investment Saudi Arabia from 2019 to mid-2020 where he chaired the board of Ashmore’s investment funds and Tazah Limited Co.

From 2015 to 2018, he was head of sales in Saudi Arabia for Gulf International Bank (UK) and GIB Capital where he led the business development and represented GIB Capital’s debt capital market team in the issuance of $12.5 billion bonds with the National Debt Management Center at the Saudi Ministry of Finance in 2017.

Bakhraibah’s professional journey also includes various roles at SAB, including structured derivatives and treasury risk advisory from 2008 to 2015. He began his career at SAB as a money market and investment dealer in the treasury department in 2008.

Bakhraibah earned a master’s degree in business administration from the London Business School in 2020 and a bachelor’s degree in management information systems from the King Fahd University of Petroleum and Minerals in 2008.


Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

Updated 13 March 2026
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Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

  • The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region
  • Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway

 

RIYADH: Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war.

Transport Minister Saleh Al-Jasser, who also chairs the Saudi Ports Authority (Mawani), launched the Logistics Corridors Initiative alongside Zakat, Tax and Customs Authority Governor Suhail Abanmi, Mawani President Suliman Al-Mazroua, and other officials, the Saudi Press Agency reported.

The initiative will establish dedicated operational corridors to receive containers and cargo redirected from ports in the Kingdom's Eastern Region and other Gulf Cooperation Council states to Jeddah Islamic Port and other Red Sea coast ports.

Al-Jasser said the Kingdom was committed to ensuring supply-chain stability and the smooth flow of goods through global trade routes. Jeddah Islamic Port and other west coast ports, he added, were already playing a key role in accommodating shipments redirected from the east, while also linking Gulf cargo to regional and international markets.

The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region. Iran has long threatened to close the strait — the world's most critical oil and gas chokepoint, through which roughly a fifth of global oil supplies pass — in the event of a war.

Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway, sending freight rates soaring and forcing shipping companies to seek alternative routes.

Saudi Arabia's Red Sea ports offer a viable bypass, connecting Gulf cargo to global markets without passing through the strait.