Aljadaan has presented the 2015 annual report to the Council of Economic and Development Affairs (CEDA).
The council communicated its remarks and recommendations on the Capital Market Authority’s (CMA) strategic plan and endorsed approval of the plan; CMA sets a strategic objective to raise governance and transparency standards as well as to increase level of communication with capital market investors.
Mohammed Aljadaan, board chairman of the CMA, stated: “The authority is working tirelessly toward implementing the CMA's strategic plan, which was adopted last year. The plan was presented to the CEDA for its remarks and recommendations. The council has graciously recommended approval of the plan and expressed a number of observations and notes on the plan. Thereafter, a royal approval was issued approving the plan.”
In 2015, a new strategic objective related to deepening the capital market was added to the strategic plan. In addition, other strategic objectives were included like raising governance and transparency standards and increasing the level of communication with capital market investors.
The CMA chairman stated in the introduction of the 2015 annual report that the CMA is on track implementing 54 initiatives of the approved strategic plan. Those initiatives include 342 activities with the CMA achieving 91 percent completion rate of these activities during the year. In 2016, the CMA will work to implement other elements of its strategic plan, including initiatives to deepen the capital market by expanding the investor base, promote investment literacy and higher level of investor communication.
The 2015 annual report data include the public offering of four companies with a total of SR4.2 billion worth of shares while the offering of all securities reached SR34.2 billion.
The investment funds sector grew by 11.2 percent over the preceding year, reaching SR180.3 billion in total investment funds assets.
Aljadaan presents annual report to CEDA
Aljadaan presents annual report to CEDA
LuLu Walkathon: 22,000 participants champion greener future
Alkhobar’s New Corniche transformed into a vibrant hub of energy and community spirit when more than 22,000 people gathered for the highly anticipated “LuLu Walkathon.” Organized by LuLu Saudi Hypermarket, the 3-km event was held under the patronage of the Ministry of Sport and Alkhobar municipality on Jan. 31. The walkathon successfully united the community under the themes of health and environmental sustainability.
The event was held with the cooperation of Meshaal Al-Harbi, head of Alkhobar municipality, and Tareq Al-Qahtani, director of the Ministry of Sport’s Eastern Province branch. The official flag-off was performed by Mohammed Haris, director of LuLu Hypermarket Saudi Arabia.
This year’s walkathon went beyond fitness, offering a rich tapestry of entertainment including soulful traditional Arabic music, a contemporary violin performance, and a playful “donuts dance,” which ensured a festive atmosphere for families of all ages.
A major highlight of the morning was the presence of Khadra. Khadra served as a living reminder of the Kingdom’s deep-rooted cultural artistry, posing for photos with the thousands of participants who lined the coast. To ensure every attendee felt the spirit of the celebration, participants were geared up with a premium merchandise kit containing custom-branded T-shirts and caps. Furthermore, every individual who successfully completed the 3-km route was rewarded with an exclusive LuLu goodie bag at the finish line to celebrate their achievement.
Sustainability remained a core pillar for the LuLu Walkathon this year, reflecting the brand’s long-term environmental vision. LuLu’s staff managed the route with a strict focus on environmental responsibility, while strategically placed refreshment stalls kept walkers hydrated without compromising the pristine condition of the corniche.
The massive success of the event was supported by key partners, including MasterCard as the commercial sponsor and Nada, which provided vital refreshments, alongside significant support from Radio Mirchi and Alyaum newspaper.
“The walkathon concluded not just as a race, but as a meaningful tribute to the Kingdom’s past and a definitive step toward a sustainable future,” a statement said. “By blending physical activity with cultural celebration and environmental stewardship, LuLu Hypermarket reaffirmed its commitment to the Saudi community, promoting an active, engaged, and responsible lifestyle for all residents.”
