On November 25-27, the city of Jeddah hosted the first annual Saudi CSR Summit. Speakers and participants from leading Saudi companies, local representatives of global brands and CSR leaders and experts were present at the Summit to discuss some of the most important issues affecting the Saudi community, such as the pressing need for creating employment opportunities, empowering the next generating, expanding opportunities for SMEs and developing communities and social leadership.

During the Forum, SEDCO Holding managed to showcase its rich CSR experience to all those in attendance. Amr Banaja, Vice President of Marketing and Communications at SEDCO Holding, expressed his delight for participating in this important national event. He explained that SEDCO has set the framework for CSR leadership and social programs and initiatives. He said, "SEDCO is one of the thought leading companies in the field of CSR, for this purpose, we were invited to attend and discuss development, exchange best CSR practices for Saudi companies and tackling challenges and overcoming them.

Amr Banaja, Vice President of Marketing and Communications at SEDCO Holding, spoke during the CSR Leadership Panel Discussion about expanding CSR programs and identifying proper measures for the social return on investment. He explained, "CSR is considered the foundation that SEDCO Holding strives to support through its various programs which target the community, one of which is Riyali financial literacy program, in order to create a better society and a sound financial future for all sects of society namely kids and youth."

The discussion brought together Dr. Waleed Fitaihi, Chairman of the Board of Directors and CEO of the International Medical Center (IMC) and Noura Al Turki, HR and CSR Manager at Nesma Holding, where they've discussed the importance of honoring social projects and charitable work that support economic growth and promote social stability.

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About Riyali:
"Riyali", SEDCO Holding's Financial Literacy Program, was launched in 2012 and aims to familiarize members of the community with financial planning and management in order to meet their personal financial responsibilities. "Riyali" aims to educate children and Saudi youth on financial concepts such as planning, budgeting, saving, investing and borrowing in order to empower them with the personal financial skills required to achieve a desirable standard of living. The program most recently won the Makkah Award for Excellence in 2012.

About SEDCO Holding:
SEDCO Holding was established in 1976 and has achieved worldwide recognition in global business and financial markets for its commitment to professional ethics and responsible practices.  SEDCO Holding invests heavily in promoting financial sustainability through specialized programs intended to enable and empower the local community and benefit the society as a whole. For further information, please visit www.sedco.com

© Press Release 2013