SEDCO Holding Group showcased the success of its 40-year journey during its annual “Multaqa SEDCO Ramadan 2016”, which was held at Leylaty Ballroom in Jeddah. The event was attended by the Group’s upper management, including Sheikh Saleh Salem Bin Mahfouz, chairman of the Board and Anees Ahmed Moumina, CEO of the group. Also in attendance were the heads of its operating companies, CEOs and senior executives, management boards, their partners and the administrative staff. The Multaqa also included a ceremony to honor the group’s employees whose continuous services between 5 and 35 years were recognized.
SEDCO Holding Group withstood all odds and achieved its desired objectives through 40 years by managing a diversified portfolio of investments reinforcing its pioneering position as a leading Group.
Emphasizing on the need to work as a team, Sheikh Saleh Salem Bin Mahfouz, chairman of SEDCO Holding Group, said: “We are keen that our vision and our future aspirations come in line with the Kingdom’s 2030 vision from which the ‘National Transformational Plan’ flourished. Our solid values and foundations throughout 40 years of operations enabled us to withstand the harshest conditions and obstacles. Your valid efforts were a major contribution to our achievements and we will continue to raise the bar and develop skillsets and talents.”
Moumina, CEO of SEDCO Holding Group, also expressed his contentment with the group’s success over the last 40 years and stated: “SEDCO has been always looked at things differently in order to grow the Group and its operations.”
He also pointed that “The group carries a history of achievements built on solid foundations across 40 years, an asset that has helped the group progress with major ambitions and appetite for more in the future. We will continue the growth of our business, and the search for new businesses and investment opportunities under the Kingdom’s 2030 vision and the national transformation plan 2020. Today more than any other day, we are looking optimistically ahead at this path spearheaded by our great leaders, and we will be part of this key economic drive towards a promising future for generations to come.”
It is worth mentioning that the group received several local, regional and global awards and recognitions, such as Best Shariah Compliant Real Estate Fund Management Team for SEDCO Capital, Red Sea Mall as Best Shopping Mall of the Year 2015, and the Future Residential Project Award, (Al-Fareeda) project owned by Ewaan Residential Group, their placement in the Great Place to Work in Saudi Arabia, the Taa’theer Social Impact Award and the Golden Peacock Awards for Excellence in Corporate Governance and Risk Management.
The annual “Multaqa” is an enriching experience for attendees, as it provides a platform for ideas, information and expertise to be exchanged. It also provides the group’s management and employees with the opportunity to find ways to synergize and cooperate their efforts to meet the group’s strategic goals.
SEDCO, Saudi Economic and Development Company, is a leading private wealth management organization that conducts its business according to Shariah. It manages a wide and diversified spectrum of real estate investments, investments in equities, and other businesses in Saudi Arabia and around the world. It is located in the Red Sea Mall building. Its investees companies have over 6,000 employees.
SEDCO Holding Group mainly operates through three lines of businesses: direct investment, real estate investments, and financial investments. Direct investments are in multiple sectors/industries and serve different clients from F&B, to pharmaceutical, auto leasing, real estate, and hospitality. The delivery mechanism varies depending on the target audience of each business and sector.
