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Riyali Signs MOU with Majid Society to Empower Saudi Entrepreneurs

28 DEC 2017, Press releases

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In the presence of H.R.H Prince Mishaal Bin Majid Bin Abdulaziz Al Saud
Riyali Signs MOU with Majid Society to Empower Saudi Entrepreneurs

In the presence of H.R.H Prince Mishaal Bin Majid Bin Abdulaziz Al Saud the governor of Jeddah, “Riyali” Program provided by SEDCO Holding Group, have signed an agreement with The Society of Majid Bin Abdulaziz for Development and Social Services (Majid Society). The agreement mandates young Saudi entrepreneurs to register in “Rowad Riyali” adopted by Majid Society to receive loans for their SMEs (Small and Medium Enterprises).

The agreement was signed by Mr. Anees Ahmed Moumina, SEDCO Holding Group CEO and Mr. Hammam Zarea, Majid Society GM.. Under the program it is mandatory requirement for applicants to register and successfully complete the Riyali program, to receive financial funding from Majed Society.

The agreement terms complements the Saudi Vision 2030, by expanding the landscape for SMEs, preparing entrepreneurs for the work environment, developing human capital capabilities to match the market requirements and increase employment rates. It includes exchanging experiences, knowledge, and practical business operations at SEDCO Holding Group along its volunteering works by reaching to a million members in the non-profit sector, yearly.

We hope that this collaboration will be of added value for the ambitious Saudi youth who aspire to achieve the nation’s strategy of diversifying income sources within the Saudi economy. We are proud of this partnership with Majid Society to empower “Rowad Riyali” program and achieve its goal of consolidating the financial literacy and culture while contributing to increase the number of successful SMEs which will support the national economy and the Kingdom’s vision”, Moumina stated.

From Majid Society, Zarea asserted “This collaboration is a model of companies cooperating in different sectors to achieve the Saudi Vision 2030. Throughout the challenges that Saudi entrepreneurs face, we realized the need for financial awareness as well as fundamental knowledge of financial literacy. The program has been created specifically for entrepreneurs interested in gaining the proper knowledge on how to manage the finances of their new projects, in addition to picking up pragmatic learnings from SEDCO Holding’s expert volunteers to help entrepreneurs develop their projects and ensure its success.”

“Rowad Riyali” program aims to improve financial literacy and economic culture between entrepreneurs. It also offers a complete curriculum which sheds light on the basic principles of financial management, financing, accounting, P&L accounts, balance sheets, cash flow statements, Islamic banking, and discovering the indicators of success in the business world. The program also offers feasibility studies and how to determine the price structure of products and services.

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  • أقامت سدكو القابضة جلسة جديدة من سلسلة #تطلعات_الربع وتم طرح إنجازات الربع الثاني وخطط الربع الثالث لعام 2019 وكيفية تطويرها لفتح أفاق جديدة لسدكو.

SEDCO Holding held a new #Quarterly_Outlook session where the 2019 Q2 achievements and Q3 plans were shared.

 #سدكو #سدكو_القابضة
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ضمن برنامج ‪غدوة وندوة والذي يهدف لنشر سلاسل توعوية مختلفة لتنمية ثقافة أفراد المجموعة، أقامت سدكو القابضة ندوة بعنوان قوة العزيمة لموظفيها كان ضيفها الأستاذ سفر الحقباني أخصائي برامج الغرفة التجارية بجدة لذوي الاحتياجات الخاصة 
As part of the "Lunch & Learn” program which aims to raise awareness and knowledge on different aspects for all individuals in our group, SEDCO Holding held a session for its employees on Will Power presented by Mr. Safar Al-Hagbani, Jeddah Chamber of Commerce’s Specialist Programs Leader for People with special needs.

#SEDCO #SEDCOHolding #LunchAndLearn
#سدكو #سدكو_القابضة
  • كجزء من برنامج #انبض والذي يعزز الإهتمام بالصحة والتي تؤثر إيجابياً على إنتاجية الموظفين، استكملنا في مجموعة سدكو القابضة تطبيق فكرة يوم الدرج والذي سيقام كل أحد.
‏As part of #Unbod Program, Stairs Day is scheduled every Sunday as maintaining good health improves productivity.
#سدكو #سدكو_القابضة
  • شكراً لكل موظفينا، بجهودكم تعد سدكو القابضة مكانًا رائعًا للعمل لعام 2019.
Thank you to all of our employees, because of your efforts SEDCO Holding is a certified Great Place to Work for 2019.

#سدكو #سدكو_القابضة
  • ‎الأب سند وقوة وأمان لكل أسرة، تعب وتحمل وربى. ما تكفيه كل كلمات الشكر. شاركونا التهاني في #يوم_الأب_العالمي بتعليقاتكم

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Glimpses of SEDCO Holding Eid Iftar for the year 2019
‎#سدكو_القابضة #sedco_holding
  • A drop for you, an ocean for someone else | قطرة لك ، محيط لشخص آخر

Join us on Thursday June 13 8pm @redseamallksa Gate 8 and save a life!

شاركوا معنا يوم الخميس ١٣ يونيو في الرد سي مول بوابة رقم ٨ وساهم في إنقاذ حياة شخص ما!
  • كم آخر عيدية جاتك؟
How much was your last Eideya?

#Eid #Eideya #SEDCO #SEDCO_Holding
#سدكو #سدكو_القابضة #العيد #العيدية
  • عيدكم مبارك تقبل الله منا ومنكم صالح الأعمال وكل عام وأنتم بخير.

Eid Mubarak, from all of us at SEDCO Holding we wish you a blessed and happy Eid!

#Eid #SEDCO #SEDCO_Holding #Eidmubarak
  • تجدد مجموعة سدكو القابضة بيعة الولاء على السمع والطاعة لسمو ولي العهد الأمين، صاحب السمو الملكي الأمير محمد بن سلمان، نائب رئيس الوزراء، وزير الدفاع، حفظه الله.

  • مسيرة عطاء سدكو تساهم في فرز وتجهيز كسوة العيد للمحتاجين بالتعاون مع #كسوة_السيدة_عائشة
The Journey of Giving at SEDCO continues by preparing and distributing Eid clothes for those in need in collaboration with Kiswat Alsayidah A’isha
#JourneyOfGiving #SEDCO #SEDCO_Holding
 #مسيرة_عطاء #سدكو #سدكو_القابضة
  • اللهم احفظ بلادنا من كل شر وأدِم علينا أمننا واحفظ جنودنا المرابطين