16 Mar 2018
SEDCO Holding concluded its 31st football tournament bringing together 16 teams in participation of 250 players from the Group over a span of 28 days. The tournament aimed to strengthen and activate communication, and drive the spirit of competitiveness among the Group and its operating companies under an entertaining and exciting atmosphere. Elaf team was crowned winner of the 31st football tournament after a 1-0 win against Intimaa during the final match.
Elaf Wins SEDCO Cup 2018
Anees Ahmad Moumina, CEO of SEDCO Holding Group expressed his appreciation towards employees’ high turnout and participation in SEDCO’s internal programs. He was very proud of the football tournament success in improving employees skills by fostering teamwork spirit, which has become one of the most dynamic initiatives serving the Group’s objectives. “Since the tournament’s establishment in 1987, it has been achieving success and motivating employees, and in its 31st edition, the tournament has once again reflected the importance of investing in our human capital, making the Group among the “Best Working Environment” companies in the Kingdom. We succeeded throughout it to increase awareness around the importance of sports, health and well-being, as well as enhance synergy across our employees”, added Moumina.
During the closing ceremony, Elaf was crowned 2018 SEDCO Football Tournament champions while Intimaa was awarded second place. Outstanding players were also recognized as well as the tournament founders who are still on the job since 1987. Since inception, the tournament has been enjoying high acclaim and interest from the Group’s employees and its operating companies, and it welcomed families and children this year to watch the games, which confirms the tournament’s success throughout its journey over the past three decades.
About SEDCO Holding:
SEDCO, the Saudi Economic and Development Company, is a leading private wealth management organization that conducts its business according to Islamic guidelines widely known as Shari’ah. SEDCO was established in 1976. 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, Kind Road, Jeddah, Saudi Arabia. Its invests 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.