Al Rushaid Group receives top global awards from World Finance Magazine

The World Finance Magazine is a leading financial magazine, produced every two months by World News Media from its global headquarters in London.

Al Rushaid Group was awarded the Best Oil & Gas Solutions and Service Provider in the Middle East for 2009 and the Best Joint Venture Company - Middle East for 2009.

Sheikh Abdullah Al Rushaid, Chairman, Al Rushaid Group, received the award today at the London Stock Exchange. Rasheed Al Rushaid, Vice Chairman and President of Al Rushaid Group, was also present on the occasion.

In his comments, Sheikh Abdullah Al Rushaid said, "We are honoured to receive these prestigious awards from World Finance Magazine which is an endorsement of Al Rushaid Group's core expertise and leadership in the oil & gas sector across the Middle East. The awards will go a long way in our future growth vision, as we continue to explore new development areas, new technology and new partnership possibilities in the region."

He added, "Al Rushaid Group focuses on innovation and development of new technologies, which complements the company's continuous diversification plans. We partner dozens of global companies and institutions to bring specialised products and services to Saudi Arabia. We are honoured to be named the Best Joint Venture Company in the Middle East by World Finance Magazine - emphasized by the fact that we have more than 30 different joint venture and wholly-owned subsidiaries."

Reacting to the awards, Rasheed Al Rushaid said, "Al Rushaid Group's key value proposition is to transfer and deploy technology in energy and information technology industries to the Kingdom of Saudi Arabia and the region and we are privileged to be acknowledged for our contribution to the Middle East economy. The World Finance Award will go a long way in our recognition as a global player for our unique portfolio of energy industry related solutions and services."