The Saudi Institute of Internal Auditors, led by its CEO and board member Abdullah Saleh Al-Shebeili, participated in the sixth round of the “From Riyadh to the World” initiative, held on the sidelines of the National Internal Audit Conference in Melbourne, Australia. The participation continues the institute’s efforts to showcase the Kingdom’s most successful professional expertise in the oversight sector in general, and internal auditing in particular.
The event brought together the executive leadership of the Institute of Internal Auditors in Australia, senior executives, and professionals from major Australian government agencies and companies.
During the discussions, various professional topics and successful experiences from the Kingdom were highlighted, including innovative auditing approaches at Sadara Chemical Company, a case study on digital transformation in internal auditing, and the role of data analytics in revolutionizing internal auditing to align with the company’s strategic directions and strengthen its auditing function.
Al-Shebeili said that IIA KSA’s participation in the conference reflects the significant advancements Saudi Arabia has made in internal auditing and oversight. He noted that the Saudi experience has become an international model, thanks to the continuous development of the regulatory and internal auditing system, and the adoption of best practices that have enhanced institutional performance and reinforced governance principles. The CEO added that, with the support of wise leadership, the Kingdom has successfully transformed its business environment and boosted institutional compliance, positioning itself among the leading countries in this field.
Al-Shebeili further highlighted that this progress has contributed to the Institute of Internal Auditors ranking IIA KSA among the world’s top 10 professional associations, noting that this recognition underscores the Kingdom’s esteemed position in the sector. He also reiterated IIA KSA’s commitment to enhancing Saudi Arabia’s presence in the global professional landscape through knowledge exchange with leading institutions, and showcasing achievements that reflect the Kingdom’s dedication to sector development in line with the objectives of Saudi Vision 2030.
Melbourne hosts 6th ‘From Riyadh to the World’ initiative
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Melbourne hosts 6th ‘From Riyadh to the World’ initiative
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.
