The Kia cars donated by Alwaleed bin Talal Foundation for the victims of the Jan. 26 Jeddah floods. (AN photo)
By ARAB NEWS
Published: Mar 8, 2011 22:02 Updated: Mar 8, 2011 22:14
JEDDAH: Alwaleed bin Talal Foundation has donated 1,000 Kia cars to victims of the Jan. 26 floods in Jeddah.
The foundation, chaired by Prince Alwaleed bin Talal, struck a deal with the South Korean car manufacturer due to its vehicles’ ease of maintenance.
On Feb. 19, the foundation donated more than 10,000 household items to help victims of the floods. “The people of Jeddah are very dear to our hearts,”
said Prince Alwaleed, adding that it is the foundation's duty to help the distressed people.
Muna Abusulayman, secretary-general of the foundation, said: “We are very proud to help the reconstruction effort and help the people of Jeddah in
their hour of need."
The donation to the Jeddah victims was made by the foundation following an extensive study to determine how best to meet the needs of those
affected.
Air conditioners, washing machines, cookers, refrigerators and carpets were purchased from the Al-Juffali group and distributed by 300 volunteers.
The distribution of aid was carried out in coordination with various charities that have expertise and experience in relief work. The charities included
Al-Bir Association, Al-Faisaliya Women's Charity, Alahya Centers, the Women’s Charity Association and Almustawda Alkhairi.
All have also been providing food for the affected victims as well as assistance in rebuilding their homes.
This was achieved through a strategic plan implemented in phases and also in coordination with the World Assembly of Muslim Youth (WAMY).
Saudi hospitality sector set to grow
Written by Administrator
Thursday, 22 April 2010 12:42
Saudi hospitality sector set to grow with new hotels
JEDDAH: Some of the major hotel chains have been embarking on plans to renovate, expand their existing properties, or come up with new projects.
The Kingdom's major cities of Riyadh, Jeddah and Dammam already boast scores of hotels ranging from three stars to five stars.
According to business leaders representing the Jeddah Chamber of Commerce and Industry's hotels committee, there is a renewed enthusiasm on the part of major hotel
chains to renovate their properties or expand their existing capacity. "This is due to increasing demand from year-round Umrah visitors, as well as from both business and
leisure travelers," Mohammed Alghamdi, a JCCI member said on Monday.
Fund allows expats to invest directly in Saudi stocks
Written by Administrator
Monday, 29 March 2010 10:26
Fund allows expats to invest directly in Saudi stocks
JEDDAH: The Saudi stock market (Tadawul) on Sunday launched Falcom Saudi Equity ETF, its first exchange traded fund that allows expatriate workers
and nonresident foreigners to invest directly in Saudi stocks.
Speaking at the launching ceremony, Fahd Al-Mubarak, chairman of Tadawul, described the Saudi bourse as the largest in the region in terms of market capitalization and exchange
value, adding that it offers a wide variety of products and services to investors.
