SEDCO Holding Group Sees Further Growth, More Global Presence by 2025 at the Annual Multaqa

JEDDAH, Saudi Arabia, May 16, 2015 /PRNewswire/ --

SEDCO Holding Group showcases its previous accomplishments and perceives sustained growth through further expansion in its investment ventures over the next 10 years. This prominent Group outlook was unraveled at its annual "Multaqa SEDCO 2015" held at Leylaty Ballroom in Jeddah, attended by the Group's upper management notably Sheikh Saleh Salem Bin Mahfouz, Chairman of the Board and Mr. Anees Moumina, CEO of the Group. The event also gathered the heads of its operating companies, CEOs and senior executives, management boards, their partners along with the administrative cadre.

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The "Multaqa" explored various topics with speaking panels held by the Group's functional experts, all accentuated with video presentations and the valuable presence of key guest speakers'. Under the theme "Imagine Our Future with Synergy", the Group's thrust for the next decade was laid down with strong emphasis on teamwork, creativity and professional excellence as key to continuous growth and achievement of defined goals as enshrined in the company's "six values".

Emphasizing on the need to work as a team, Sheikh Saleh Salem Bin Mahfouz, Chairman of SEDCO Holding Group, said: "We stand here today to draw the future and I trust that the next 10 years will be filled with diversified businesses across all sectors. We are confident that together we will continue our drive forward toward success, with a vision and high hopes into a promising future."

He pointed out that "we have now taken a step forward past the conventional concept of the Group's programs as these have now become the means to craft and envision a bright and synergetic future full of success across the Group, for its employees and toward the community."

Moreover, he underscored that SEDCO Holding Group strives to achieve the expansion strategy in its business and diversity in the various activities.

Anees Moumina, CEO of SEDCO Holding Group, equally expressed his appreciation and gratification to the Group's portfolio of achievements, while also revealing the Group's aspirations for 2025 when he would be able to state: "Today, we have reached the global markets with steady steps and SEDCO Holding Group stands as a prime partner for the largest global firms. Our unequivocal commitment to the business has paved the way for further expansion in financial and real estate investments as in the management of funds. In just a matter of 10 years, we have succeeded to have five offices operating regionally. We have diversified our operating companies and are now partners in many sectors, namely education, health, technology, infrastructures, manufacturing and banking."

He nonetheless cautioned that "it is crucial for everyone to stand together as one entity and share views which help in the development of the Group to retain this success and more across all sectors," adding that "we should never forget that maintaining our success is harder than building it or achieving it."

The next 10 years will entail an increase in the number of regional and international offices, further expansion in the direct investment sector and revamp in the real estate investment for higher returns.

The Group will also aim to increase its funds and investment portfolio, which have witnessed growth both in terms of numbers but in value as well. It will also intensify its commitment to creating and sustaining great workplaces by developing an attractive and high-trust workplace culture. Indeed, SEDCO Holding Group achieved a high-degree of employee loyalty as it was nominated among the top great places to work for in Saudi Arabia.

The annual "Multaqa" is an enriching experience and a valuable gain for the attendees through the exchange of information and expertise.

About SEDCO Holding:

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 Holding 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 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 Holding 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 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 http://www.sedco.com

For more information:
Hussein Nasrallah
Senior Media Relations Manager
Memac Ogilvy PR
Tel: +966-12-651-0704
Mob: +966-50-466-3187
E-mail: [email protected]

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SOURCE SEDCO Holding Group