We have aligned ourselves with sustainability principles whose outcomes have a positive impact and to ensure clear communication across our three sustainability pillars: Environmental, Social and Governance.
Rayyan Nagadi
Chief Executive Officer
Promoting environmental sustainability within our operations.
Climate, Energy and Water
Reducing emissions, and minimizing water and energy consumption.
Circularity
Sustainable sourcing and waste management.
Empowering our people and communities to succeed.
Human Capital Development
Creating a safe work environment and investing in our people.
Community Empowerment
Responding to community needs through social programs.
Upholding robust governance practices aligned with our core values.
Transparency and Disclosure
Enhancing corporate disclosure and engagement with stakeholders.
Whilst driving enhanced focus on ESG across our portfolio companies, our social and volunteering programs such as Badir and supported foundations, such as the Salem Bin Mahfouz Foundation (SBMF), are delivering on our social responsibility and growing the non-profit sector.
Our environmental initiatives seek to minimize our environmental footprint, playing our part in climate action.
We are committed to creating a healthy and safe workplace that is diverse and inclusive, with stand-out programs such as Unbod, which contribute to employee wellbeing.
Focused investments in hospitality, tourism, education and healthcare sectors are improving access and quality of services. Within SEDCO, our efforts to uphold health and wellbeing of employees, initiatives to promote environmental sustainability, and actions to increase transparency, are contributing to a vibrant society.
Volunteering programs such as Badir, SEDCO’s Journey of Giving, and projects from SBMF are contributing to poverty reduction, food security, and community development.
Quality education remains a priority for SEDCO, as we continue to invest in the education sector, while also pioneering inclusive and innovative learning opportunities such as Riyali and Rowad.
Our investments support diversification of the economy, help grow and localize key sectors, bolster local companies, and develop economic ties and partnerships. Our award-winning initiatives, such as Riyali and Rowad, empower youth and help to nurture entrepreneurs and SMEs. Within SEDCO, we are developing capabilities of the Kingdom’s human capital and working to increase diversity.
Through adoption of Shariah principles and continual improvement of disclosure, stakeholder engagement, and corporate governance, we are building a transparent, accountable, and responsive institution that ensures ethical engagement with all actors.
Prophet Muhammad (peace be upon him) said, “The earth is green and beautiful, and Allah has appointed you his stewards over it. The whole earth has been created as a place of worship, pure and clean. Whoever plants a tree and diligently looks after it until it matures and bears fruit is rewarded.”
The Holy Quran emphasizes that humans have been made successors on earth and that they have a responsibility to manage it responsibly.
Muslims believe that man (all human beings) are custodians of the earth and that they should manage its resources in a sustainable way.
SEDCO’s Prudent Ethical Investment (PEI) approach to conducting investment activities is a disciplined and rigorous process involving five key fundamentals, one of which is environmental impact.
We carry out scenario analysis and modeling to assess factors representing the investment impacts of future environmental trends and climate-related risks and opportunities.
SEDCO’s sophisticated approach to governance – similar to that of a publicly listed company – primarily addresses our responsibilities to stakeholders. We believe it is why our investors trust us and view us as an organization with integrity and credibility.
As a family office, corporate governance differs from the norm as it must serve the needs of the family and create long-term wealth, rather than be driven by short-term expediency. Our mindset is therefore one of creating prosperity for generations to come.
SEDCO’s corporate governance is founded on the established principles of fairness, transparency, accountability and responsibility. Our adherence to these principles down the years has resulted in an excellent track record in corporate governance and a classification of our services by the Institute of Directors as among the best in the region.
Badir has become an integral element of our work culture, serving as a platform for employees to make a meaningful impact, beyond their work roles. It provides a range of services, including general assistance, specialized consultations, and coaching for students, entrepreneurs, and small businesses.
Volunteering is a formal part of employee KPIs, with structured volunteering initiatives organized during work hours that enable employees to contribute.
Through Riyali, SEDCO has contributed to the creation of a community consisting of financially literate individuals who embrace accountability toward the betterment of their communities. In turn, they contribute to the growth and development of organizations similar to ours and the wider Saudi community.
Since its inception, Riyali has welcomed more than 2.1 million participants. The program has grown steadily, with many new courses introduced
Initiated in 2022, the Rowad program supports Saudi entrepreneurs to pursue business success. By enhancing financial literacy, Rowad equips entrepreneurs with the management and planning skills to scale and grow their ideas to maturity.
Vision 2030 goals have outlined a path for the Kingdom’s startup ecosystem, including increasing the contribution of SMEs from 20% to 35% of GDP.
Through its strategic plan (2024-2028), the Foundation seeks to drive change in several priority areas. It aims to develop its strategy from the perspective of emerging issues, generating public benefit, and promoting sustainable development in the fields of education, empowerment of the nonprofit sector, and community development.
Social
For SEDCO, social sustainability is a proactive way of managing and identifying how business impacts employees and local communities. Companies that raise the importance of social sustainability recognize the significance of their relationships with people, communities and society.
Employee motivation and well-being are central tenets of SEDCO Holding’s CSR efforts. Our employee-centric activities encompass health and well-being, communication, professional development, and reaching out to alumni.
We encourage our teams to take the stairs and maintain balanced diets. We also reach out to our alumni. We have expanded our Tawasul program, where SEDCO teams visit employees on special occasions such as marriages and births, or if they are recovering from illness.
Giving back to the community is central to the SEDCO culture. Badir, our volunteering program, is included in employee KPIs – with 25 hours per year contributing 5% towards employee evaluations. We have actively cultivated relationships with nonprofit concerns to give employees additional avenues for volunteering.