黑料社区

Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform

Taufiq Bahamdain, CEO of Al Murjan Group
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Taufiq Bahamdain, CEO of Al Murjan Group
Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital
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Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital
Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform
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Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform
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Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform
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Updated 11 min ago

Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform

Al-Murjan Group and BlueFive Capital launch Shariah-compliant investment platform

Al-Murjan Group, one of 黑料社区鈥檚 most established and respected family business groups, and BlueFive Capital, a global investment platform, have announced a cross shareholding strategic linkup to co-develop a global platform for Islamic finance.

The partnership includes reciprocal ownership stake in the two stakeholders鈥 respective Shariah-compliant asset manage- ment units: BlueFive acquiring a substantial minority stake in Sidra Capital, a leading Shariah-compliant asset manager that specializes in private assets, and Al-Murjan Group Holding acquiring a substantial minority stake in BlueFive786, BlueFive鈥檚 newly launched Shariah-compliant investment arm.

BlueFive786, which will be headquartered in Singapore, offers Shariah-compliant investment products, such as retirement and saving schemes to its savers and retirees, based predominantly in the Southeast Asian countries of Indonesia, Malaysia, Bangladesh, Brunei and Singapore. As part of the deal, BlueFive will open its office in Riyadh, and jointly alongside Sidra Capital, will manage and undertake investments in 黑料社区.

The deal will provide both parties with enhanced access to cross-border investment opportunities and institutional capital. This partnership will also support joint product development and co-branded investment vehicles, enabling institutional and private clients to access best-in-class Islamic investment strategies. The parties are currently awaiting the final approvals of the relevant regulatory authorities in 黑料社区.

As part of the transaction, BlueFive Capital Founder and Chief Executive Hazem Ben-Gacem, and BlueFive Co-founder Yasser Bajsair will join the board of directors of Sidra Capital. Taufiq Bahamdain, CEO of Al-Murjan Group Holding, and Shahid Shaikh, a board member in Al-Murjan Group, will represent Al-Murjan in the board of BlueFive 786.

Bahamdain said: 鈥淭his strategic alignment with BlueFive Capital builds upon Sidra Capital鈥檚 decades of experience

in Islamic finance, taking its mission to become a globally recognized leader in Shariah-compliant finance to the next level. By combining Sidra Capital鈥檚 established expertise and deep roots in the GCC with BlueFive鈥檚 innovative platform and access to Southeast Asia鈥檚 dynamic markets, we are creating a powerful conduit for cross-border ethical investment.

鈥淭his partnership is built on a shared commitment to integrity, performance, and expanding access to sophisticated, values-driven investment products for a global clientele.鈥

Ben-Gacem added:鈥淕rateful for the trust of Sheikh Abdulrahman bin Mahfouz and look forward to joining with Al-Murjan to build a lasting legacy in the field of Shariah-compliant investing. The partnership will look to redefine and shape the products and solutions that are today available across Muslim-majority growth markets.鈥


Indian school launches 鈥業SSAACC鈥 to foster scientific temper

Indian school launches 鈥業SSAACC鈥 to foster scientific temper
Updated 06 September 2025

Indian school launches 鈥業SSAACC鈥 to foster scientific temper

Indian school launches 鈥業SSAACC鈥 to foster scientific temper

International Indian School Jeddah has unveiled a new transformative platform to provide students with global scientific exposure, practical mentorship and career guidance.

The International Scientific Society for Advanced Academic and Career Counseling was announced in a landmark ceremony that brought together eminent scientists, educationists, and community leaders.

The ceremony began with a welcome address by Principal of IISJ Dr. Mohammad Imran, who underlined the importance of curiosity-driven education and platforms that prepare students for the future.

Dr. Prince Mufti Zia, founding director of ISSAACC and IISJ managing committee member, introduced the vision of the society, describing it as a practical avenue for students to transform their scientific ideas into reality.

Prof. Anwar Bilgrami, chief patron of ISSAACC, elaborated on the motives and strategies of ISSAACC, urging students to nurture scientific temperament and pursue innovation with focus and clarity.

Abdul Ghafoor Danish, media and outreach adviser, highlighted the necessity of ISSAACC in broadening career options for students, beyond traditional fields such as medicine and guiding them toward diverse rewarding careers.

Nooruddin Khan, financial adviser of ISSAACC, emphasized the society鈥檚 role in preparing young Indians to contribute to the nation鈥檚 global rise through science and technology.

Guest of Honor Prof.Javed Mussarat, vice chancellor of Integral University, Lucknow, inspired students with his keynote address, urging them to set career goals early and pursue them with dedication.

The ceremony also carried the message of Consul General of India in Jeddah Fahad Ahmed Khan Suri, read out by Chief Guest Mohammad Hashim, consul (commerce and PIC) at the Indian Consulate. Suri congratulated IISJ on this landmark initiative and assured support for empowering Indian youth.

Chairman of IISJ Managing Committee Dr. Abdul Saleem, together with fellow members Dr. Mohammed Shafee, Dr. Nusrat Khan,  Dr. Farheen Ameena Taha, Dr. Zubair Hameed, and Dr. Hemalatha Mahalingam, extended their full support to ISSAACC, calling it a transformative step for IISJ and the Indian community in Jeddah.

The ceremony saw the launch of the ISSAACC website, providing a roadmap for student engagement. The 鈥淵oung Scientist Program,鈥 with an initial grant of SR5,000, was announced for student research proposals.

Members of the ISSAACC advisory board, most of whom are globally ranked among the top 2 percent scientists, pledged full cooperation in guiding IISJ students.

The inauguration of ISSAACC at IISJ marks the beginning of a new era in student empowerment. With the active involvement of globally recognized scientists, community leaders, and the school鈥檚 leadership, ISSAACC is set to nurture innovators, researchers, and leaders who will shape the future of science and strengthen India鈥檚 global standing.


SAB receives ISO 20400 for sustainable procurement

SAB receives ISO 20400 for sustainable procurement
Updated 01 September 2025

SAB receives ISO 20400 for sustainable procurement

SAB receives ISO 20400 for sustainable procurement

Saudi Awwal Bank has obtained the ISO 20400 for sustainable procurement, becoming the first bank in the MEA region and the 42nd entity globally to receive this international recognition from BSI. Encompassing every stage from strategic vision to operational delivery, this achievement reflects SAB鈥檚 alignment with international standards in integrating sustainability into its procurement practices.
Developed by the International Organization for Standardization, ISO 20400 provides a globally recognized framework for integrating sustainability across procurement functions. This standard focuses on governance, labor practices, human rights, environmental impact and ethical business conduct throughout the supply chain.
The alignment assessment was conducted in collaboration with British Standards Institution, the business improvement and standards company, and a founding member of ISO. This process involved a comprehensive review of SAB鈥檚 procurement frameworks, strategies, and implementation mechanisms to evaluate the integration of sustainability into the bank鈥檚 operations.
As a result of this assessment, SAB has strengthened its sustainability integration in procurement decision-making. The bank has enhanced supplier engagement practices and implemented more robust approaches to ethical sourcing, ensuring consistency with its broader environmental, social, and governance objectives. These enhancements support the advancement of SAB鈥檚 long-term ESG agenda through responsible operations and transparent supply chain management.
Ghada Al-Jarbou, chief operating officer at SAB, said: 鈥淭he adoption of ISO 20400 represents a significant milestone in institutionalizing sustainability across our procurement activities. It reflects our commitment to responsible sourcing and enhances our ability to engage suppliers in line with SAB鈥檚 ESG priorities and Vision 2030.鈥
Ilias Karampoikis, META sales and commercial director at BSI, said: 鈥淭here is a significant opportunity for banks and other financial organizations to influence sustainability through their lending, investment, and governance practices. It鈥檚 great to see Saudi Awwal Bank leading the way with this achievement of the sustainable procurement standard (ISO 20400), which demonstrates that the organization is making conscious choices around its environmental, social, and economic impact, helping to accelerate progress toward a sustainable world. Congratulations to the team for this achievement.鈥


Saudi Wood Expo opens today in Riyadh

Saudi Wood Expo opens today in Riyadh
Updated 01 September 2025

Saudi Wood Expo opens today in Riyadh

Saudi Wood Expo opens today in Riyadh

Saudi Wood Expo, the country鈥檚 largest event for the wood and woodworking industries, returned to Riyadh for its second edition today, taking place from Sept. 1鈥3 at the Riyadh International Convention and Exhibition Center.

Organized by dmg events and powered by Big 5 Construct Saudi, the event brought together leading suppliers, manufacturers, designers and buyers from across the wood and woodworking industry, featuring over 3,500 products and solutions from more than 200 exhibitors spanning over 30 countries.

As industry leaders and government officials converge in Riyadh, the exhibition offers three days of hands-on sourcing and strategic networking, giving attendees a front-row seat to the latest innovations, solutions and business opportunities in the region.

Visitors will experience an interactive exhibition floor designed to inspire and inform. The Wood Artisans Zone will spotlight leading talent from 黑料社区, featuring live demonstrations from wood carving artists Abdullah Al-Silani and Ahmed Al-Shadoukhi; visual artists Wijdan Al-Jahwri, Ahmed Al-Nkhlani and Hind Al-Khamis; and wood artists Ahmed Al-Furaih and Fahad Al-Omran. Together, they will showcase how traditional craftsmanship and contemporary artistry intersect in the creation of unique wooden pieces.

The Wood Design Trail highlights exhibitors whose wood solutions stand out for exceptional design, durability and functionality. From premium finishes and materials to innovative joinery and interior fit-out applications, this feature celebrates products that combine aesthetic appeal with long-lasting performance, redefining how wood shapes spaces and elevates design.

The Wood Around the World feature showcases timber diversity through the visually engaging Knowledge Wood Wall, presenting international wood varieties and applications. Industry professionals will also test their skills in the WoodU Do It? challenge, a hands-on competition where participants race against the clock to drill as many screws as possible into a wooden surface, with prizes to be given away. Complementing these interactive zones, exhibitors will host live demonstrations of their latest products and machinery, offering visitors a firsthand look at modern solutions.

Leading brands participating include Desert Board, PROADEC along with SURTECO, SLABH Industrial Solutions, Saudi Wooden Industries, Saudi Industrial Machinery Wood Panels Company, Salco Laminates Industries, Al-Tajweed Contracting and Trading, among others.

The exhibition also features international pavilions from Turkiye, China and Italy, along with showcases, providing visitors direct access to the latest innovations from across Europe, North America, Asia and the Middle East.

Saudi Wood Expo is expected to welcome more than 10,000 professionals under one roof, including industry leaders like IKEA, MACE, Abunayyan and Abyat, as well as giga-project stakeholders from Red Sea Global and Omrania. Government bodies such as Riyadh Municipality and the Ministry of Industry and Mineral Resources have already registered, reflecting strong public sector support for the wood sector.


51Talk, 黑料社区鈥檚 leading one-on-one online English education platform Lights Up Kingdom Tower to Launch Back-to-School Season

51Talk, 黑料社区鈥檚 leading one-on-one online English education platform Lights Up Kingdom Tower to Launch Back-to-School Season
Updated 27 August 2025

51Talk, 黑料社区鈥檚 leading one-on-one online English education platform Lights Up Kingdom Tower to Launch Back-to-School Season

51Talk, 黑料社区鈥檚 leading one-on-one online English education platform Lights Up Kingdom Tower to Launch Back-to-School Season

51Talk, 黑料社区鈥檚 leading one-on-one online English education platform, illuminated the iconic Kingdom Tower in Riyadh with the bold message 鈥淵our Confidence Starts with your Language,鈥 marking the official launch of its back-to-school campaign.

The lighting of the Kingdom Tower was the highlight of a series of milestone initiatives by 51Talk in the Kingdom, including the unveiling of three-city outdoor advertising campaigns, the opening of its flagship learning center at Park Avenue, activations in Panorama Mall, and participation in the upcoming Education Expo. 

This integrated campaign emphasizes 51Talk鈥檚 growing commitment to the Saudi market and its mission to empower students and families to build confidence through English proficiency.

On July 20, 51Talk officially established its Middle East headquarters in Riyadh, underscoring its long-term commitment to the region. Earlier in July, brand ambassador Dr. Yasser Al-Hazimi visited 51Talk鈥檚 international R&D headquarters in Beijing, further strengthening ties and affirming the company鈥檚 dedication to serving Saudi learners.

Commenting on the launch, Jack Huang, founder and CEO of 51Talk, said: 鈥淲e believe that your confidence starts with your language, and English learning is a vital bridge to building opportunities for the future. 黑料社区 is one of the fastest-growing markets for digital learning, and 51Talk is proud to be the No. 1 platform in the Kingdom for one-on-one online English education. Our back-to-school campaign reflects our mission to support students, youth, and families as they 鈥楽tart it Right鈥 this academic season.鈥

Al-Hazimi, education expert, consultant, and 51Talk鈥檚 brand ambassador in the Kingdom, said: 鈥51Talk is not merely a language-learning platform; it is an opportunity to empower the new generation with the skills of the future. This mission is closely aligned with the Kingdom鈥檚 focus on education and youth empowerment. I am proud to support this vision and look forward to the positive impact it will have on our students and children.鈥

With more than 40 million learners worldwide and a growing base in the Middle East, 51Talk is committed to supporting 黑料社区鈥檚 Vision 2030 education goals. By combining iconic visibility on the Kingdom Tower, strategic outdoor campaigns, flagship openings, and educational activations, 51Talk is reaffirming its role as 黑料社区鈥檚 leading one-on-one online English learning platform and a committed partner in the Kingdom鈥檚 education transformation journey.


EXEED RX PHEV鈥檚 European sales jump 64.35% in July; model to debut in KSA

EXEED RX PHEV鈥檚 European sales jump 64.35% in July; model to debut in KSA
Updated 26 August 2025

EXEED RX PHEV鈥檚 European sales jump 64.35% in July; model to debut in KSA

EXEED RX PHEV鈥檚 European sales jump 64.35% in July; model to debut in KSA

On July 29, the 2025 Fortune Global 500 list was officially released worldwide. Chery Holding Group Co. Ltd. climbed to 233rd place, rising 152 positions from 2024, making it the fastest-rising automaker of the year. Meanwhile, Chery鈥檚 cumulative vehicle exports have surpassed 5 million units, maintaining its position as China鈥檚 No.1 auto exporter.

Chery鈥檚 premium new energy brand for global markets, EXEED, has seen sustained sales growth over the past month. In July, its RX PHEV model continued to perform strongly in core European markets such as the UK, Spain, and Italy. In the UK, sales reached 291 units, up 117 percent month on month. Spain led its segment with 599 units sold, underscoring the model鈥檚 growing appeal.

In Italy, 147 units were sold, placing the model at the forefront of the D-segment SUV category. Meanwhile, EXEED is accelerating its expansion in the Middle East, with the RX PHEV set to officially launch in 黑料社区 this year, redefining the standards of premium mobility in the region with its cutting-edge technology DNA.

As an SUV equipped with next-generation global hybrid technology, the RX PHEV features the largest-in-class 34.46 kWh battery in Europe. It delivers an electric-only WLTP range of up to 145 km 鈥 and achieved an impressive 169 km during real-world testing. Combined with a 70-liter fuel tank, the total range exceeds 1,100 km, while fuel consumption is as low as 1.7 liter/100 km. Additionally, its 65 kW DC fast-charging system enables the battery to charge from 30 percent to 80 percent in just 25 minutes, easing range anxiety.

In terms of safety, the RX PHEV sets a new benchmark in its class with outstanding real-world test results. It earned a 5-star rating in the E-NCAP safety assessment, scoring 90 percent for adult occupant protection, 85 percent for child occupant protection, 81 percent for vulnerable road user protection, and 80 percent for safety assist systems. Its performance in adult protection, pedestrian safety, and driver assistance even surpasses that of premium models such as the Audi Q5.

From long-distance hybrid performance testing across nine European countries to 5-star safety certification and real-world validation at premium events, the strength of RX PHEV has been proven in both market and scenario-based trials. Looking ahead, EXEED will partner with leading Saudi media outlets for a photo shoot at the Edge of the World, capturing the seamless harmony between the vehicle and the region鈥檚 breathtaking landscapes.

The brand will also host media test drives covering its full range of new energy models, alongside thrilling track sessions designed to showcase the vehicles鈥 dynamic performance. In addition, the highly anticipated RX model 鈥 alongside the AiMOGA robot powered by EXEED鈥檚 advanced technologies 鈥 will soon arrive in the Saudi market, continuing to expand the range of premium choices and distinctive services