3 Main reasons stand behind the success of employees satisfaction: talent development programs; positive corporate culture; and employee recognisation

Kingdom of Saudi Arabia, 08 December 2016

For the second consecutive year, SEDCO Holding maintained its top ranking among Saudi Arabia’s best 10 workplaces, and earned  the eighth place, according to the Great Place to Work Institute 2016 list. This success was mainly due to the company’s talent development programmes, positive and transparent corporate culture; and employee recognisation which enhances work-life effectiveness. It is worth mentioning, compared to last year, employee loyalty and satisfaction rate for  has increased by 12%.

Commenting on this achievement, CEO of SEDCO Holding Group, Anees Ahmed Moumina said: “We understand the importance of investing in human capital. Therefore, and in line with Saudi Arabia’s Vision 2030, we seek to develop the skills of human resources, and create a good work environment. Our employees are at the top of the company’s priorities because we believe that taking care of our employees is key to our ongoing success.”

For his part, Amro Kandil, Vice-President for Human Resources, said: “SEDCO did not suffice with the loyalty of its employees, but it also worked on wide-ranging programs and benefits which are designed to assess and enhance staff performance, while creating a vibrant and competitive work environment. Also, employee suggestions played a key role in maintaining this prestigious status among the Kingdom’s top 10 workplaces.”

The company’s many privileges constitute an added value for its employees.Its clear vision and mission have contributed to the great reputation of the company, which ranks today among the top 10 firms in Saudi Arabia. Led by a professional management team, SEDCO adopts transparency and facilitates many different communication mediums and channels. Under its employee recognition programs, SEDCO encourages healthy competition and provides loyalty and recognition programs including “SEDCO Group Stars”, “Employee of the Month”, “Performance Excellence”, “Lunch with the Board”, “Lunch with the CEO” and “Continuance Service”.

SEDCO Holding has achieved this ranking based on data derived from a comprehensive staff survey. The Great Place to Work Institute determines the best work environments through conducting the world’s largest study covering the distinctiveness of workplaces and practices.

-Ends- 

About SEDCO Holding Group:
Founded in 1976 by the Bin Mahfouz family, one of the leading banking families in Saudi Arabia, SEDCO has become recognized as a leading Shariah-compliant organization, responsible for a diverse spectrum of operating companies in industries such as, real estate development and management, travel and tourism, hospitality, automobile leasing and casual dining, in addition to managing private and public equity holdings in Saudi Arabia and around the world. SEDCO Holding was established to consolidate the various business activities of SEDCO in which the wealth of the Bin Mahfouz family is invested. SEDCO applies the highest standards of corporate governance in accordance with by-laws of international standards that ensure the longevity and growth of the business. Based in Jeddah, SEDCO Holding Group is headed by a board of directors comprised of eight members, five of which are from outside the family and are chosen from prominent local and international experts. SEDCO g is dedicated to responsible and ethical corporate practices through strong leadership and strategies that have enhanced SEDCO’s position as a prominent Saudi group with global investments. SEDCO Holding Group is committed to supporting the welfare and development of individuals and communities across Saudi Arabia and invests in a range of corporate social responsibility activities, recognizing that business success brings a responsibility to contribute to the advancing economic and social development of communities where it has a presence. SEDCO’s social responsibility efforts focus on serving its employees, the sectors it operates in, the environment, and the broader community. More information at www.sedco.com

For more information:
Hussein Nasrallah
Senior Media Relations Manager
Memac Ogilvy PR
Mob: + 966 5 60 40 6161
E-mail: hussein.nasrallah@ogilvy.com

© Press Release 2016