Women leaders, innovators take center stage at Forbes Summit in Riyadh

The Forbes Middle East Women’s Summit, a two-day event held at the Riyadh International Convention & Exhibition Center, concluded on Dec. 19, celebrating the significant contributions of women across the region. AN photo
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Updated 19 December 2024
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Women leaders, innovators take center stage at Forbes Summit in Riyadh

RIYADH: Women’s leadership and achievements were the focus of a dynamic summit in Riyadh, where a series of panel discussions and workshops highlighted empowerment, career success, and navigating the changing business landscape.

The Forbes Middle East Women’s Summit, a two-day event held at the Riyadh International Convention & Exhibition Center, concluded on Dec. 19, celebrating the significant contributions of women across the region.

The summit featured two primary stages: the Empowerment Arena and the She Leads Hub. Discussions at the Empowerment Arena explored vital topics, including advancing healthcare as part of Vision 2030, promoting women’s leadership, and redefining entrepreneurship.

At the She Leads Hub, panels delved into strategies for professional success, enhancing well-being and sustainability, and empowering women in leadership positions.

Notable attendees included Princess Doaa bint Mohammed, CEO of Al Mohra Education Co. and former supreme president of the Arab Women’s Authority, and Princess Lamia bint Majed Saud Al-Saud, secretary-general and board member of Alwaleed Philanthropies.




Princess Doaa bint Mohammed, CEO of Al Mohra Education Co. and Princess Lamia bint Majed Saud Al-Saud, secretary-general of Alwaleed Philanthropies attended the event. AN photo

Mishaal Ashemimry, the first female aerospace engineer in the Gulf Cooperation Council and founder of MISHAAL Aerospace, delivered an inspiring open mic session titled “The Hard Decisions You Have to Make to Pursue Your Passion.” She urged attendees to take bold steps in their careers, despite the obstacles they may face.

Speaking to Arab News, Ashemimry shared that her passion for space began during a family trip to the desert of Unaizah, a governorate in Al-Qassim.

“I looked up to the sky. I was called upon by the stars because I was very curious about them. I couldn’t get enough answers about the stars, so I decided, well, I gotta go to space to understand this stuff, and the only way to go to space is to make a rocket,” she said.

Ashemimry, who overcame numerous challenges from people who doubted and underestimated her, emphasized that resilience, determination, and perseverance are essential for success in business.

“You will fail and you will stumble. You will face people who will be against you. You need to believe in yourself and be determined enough to achieve what you want,” she added.

American-Jordanian abstract artist Aida Murad, one of the summit’s featured artists, presented a colorful collection of paintings. In an interview with Arab News, Murad shared her experiences as both an artist and entrepreneur in Saudi Arabia.

“I feel very empowered here. It’s a high-value-based culture, so when your values align, things become much easier. People and companies are also highly accessible here — more so than in other countries where I’ve done business. I think it’s because there’s a genuine eagerness to invite value-aligned individuals to Saudi Arabia,” she said.

Murad also highlighted the importance of adaptability and building connections as key strategies for business expansion.

She added: “Create a target list. It sounds simple, but it’s often the most basic things that people overlook. Take the time to read your audience. There are moments when they’re overwhelmed and others when they’re more available — timing is everything.”

Furthermore, she underscored the significance of understanding Saudi Arabia’s unique business culture. “There are countless events here for networking — attend them. It’s straightforward, but here, business isn’t conducted over emails as much as it is in person or through WhatsApp. Understanding how people communicate and conduct business here is crucial to building meaningful connections.”


Closing Bell: Saudi main index closes in red at 10,452

Updated 14 sec ago
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Closing Bell: Saudi main index closes in red at 10,452

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 137.26 points, or 1.30 percent, to close at 10,452.91.

The total trading turnover of the benchmark index was SR3.61 billion ($964.2 million), as 25 of the listed stocks advanced, while 235 retreated.

The MSCI Tadawul Index decreased, down 16.79 points or 1.21 percent, to close at 1,374.55.

The Kingdom’s parallel market Nomu lost 246.13 points, or 1.04 percent, to close at 23,470.28. This comes as 23 of the listed stocks advanced, while 51 retreated.

The best-performing stock was AlAhli REIT Fund 1, with its share price surging by 4.15 percent to SR6.52.

Other top performers included Dar Alarkan Real Estate Development Co., which saw its share price rise by 3.47 percent to SR15.80, and Arabian Drilling Co., which saw a 1.53 percent increase to SR96.35.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.40 percent to SR20.66.

Sport Clubs Co. and Rabigh Refining and Petrochemical Co. also saw declines, with their shares dropping by 5.10 percent and 4.76 percent to SR8.75 and SR7, respectively.

On the announcements front, Saudi Arabia Refineries Co. has formally established its new subsidiary, Clean Energy Co., announcing the completion of its articles of association and commercial registration.

The wholly owned limited liability company, headquartered in Bish City, is slated to operate in the critical sectors of metal mining, organic chemical manufacturing, and the production of primary gases, including liquid and compressed air. 

According to the official announcement on Tadawul, the subsidiary will commence operations after finalizing all remaining incorporation requirements, which encompass administrative and technical arrangements as well as securing the necessary operational licenses. 

The move marks a strategic expansion for the parent company into the industrial and clean energy supply chain. Sarco’s shares traded 0.93 percent lower on the main market today to reach SR53.