Khalid Abdullah Almolhem
 |
Khalid Abdullah Almolhem | |
|---|---|
| Born | 1957 |
| Nationality | Saudi Arabian |
| Occupation | Businessman |
Khalid Abdullah Almolhem (Arabic: خالد عبد الله الملحم; born 1957) is a Saudi Arabian businessman.
Biography
[edit]Khalid Abdullah Almolhem completed two degrees from the University of Evansville in Indiana in 1980; one in electrical engineering and the other in engineering management. Almolhem began his career in 1981 as an engineer with the Royal Saudi Air Force; after that he was a team leader in Saudi Industrial Fund from 1983 till 1988.
Business career
[edit]Following five years as president of Saudi Telecom Company, Almolhem was appointed as Director General of Saudia,[1] one of the biggest carriers in the Middle East and the flag carrier in Saudi Arabia. Since then, he has carried the airline through the privatisation process and has overseen a significant leap in performance and service quality. He was behind the historic moment when Saudia joined the SkyTeam alliance of airlines, Saudia is the alliance’s first member from the Middle East and will offer access to destinations that were not previously available to SkyTeam customers. During his tenure at STC, he successfully completed the privatization process of the company, which is the largest IPO in Saudi Arabian history. STC now considered to be as the largest Telecom company in the Middle East and one of the tenth largest Telecom companies in the world.
He joined Saudi British Bank from 1989 to 1997, he held various positions at the bank such as Senior Manager Retail Banking, Area General Manager, Central Province Manager and Executive Director Investment Banking. From 1997 to 1998 he held the Chief Executive Officer position at Al Marai Company, which is one of the largest integrated Dairy and Food Company in the GCC. He Joined Saudi Telecom Company since it was established in 1998, he was the Chief Financial officer till 2001 then became the President till 2006.
He attended numerous training courses, including a full year training course in banking and credit at Chase Manhattan Bank in 1984; Advanced Management Course for Executives at Harvard University; and various training courses in management and marketing from international universities.
- Board Member of the Saudi British Bank from May 1996 till to date
- Vice Chairman Board of Directors of Riyadh Cement Company till to date
- Board Member of the National Company for Cooperative Insurance from 2000 to 2003
- Board Member of HSBC Investment Bank since 2004 till 2007
- Board Member of the Aseer Holding Company since 2006 till 2010
- Board Member of King Abdullah Economic City
- Chairman of Saudia Catering
- Chairman of Saudia Cargo
- Chairman of Saudia Ground Handling Services
Arrest
[edit]On 4 November 2017, Khalid Abdullah Almolhem was arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee.[2][3][4][5][6][7][8] This was done on authority of Crown Prince Mohammad Bin Salman.
References
[edit]- ^ Ghafour, P. K. Abdul (June 23, 2011). "Saudia opens special center for First Class passengers". Arab News. Archived from the original on 26 June 2011. Retrieved 3 July 2011.
- ^ ArgaamPlus. "Saudi Arabia arrests 11 princes, 38 ministers in corruption probe". ArgaamPlus. Retrieved 2017-11-08.
- ^ "Saudi Arabia princes detained, ministers dismissed". www.aljazeera.com.
- ^ Kalin, Stephen; Paul, Katie (2017-11-05). "Future Saudi king tightens grip on power with arrests including Prince Alwaleed". Reuters. Retrieved 2017-11-07.
- ^ "Corruption crackdown in Saudi Arabia". Fox Business. 2017-11-06. Retrieved 2017-11-08.
- ^ David, Javier E. (5 November 2017). "Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown". CNBC.
- ^ Stancati, Margherita; Said, Summer; Farrell, Maureen (2017-11-05). "Saudi Princes, Former Ministers Arrested in Apparent Power Consolidation". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-11-08.
- ^ Kirkpatrick, David D. (2017-11-04). "Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal". The New York Times. ISSN 0362-4331. Retrieved 2017-11-08.
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