Team spirit and positivity were facilitated in 2018 through initiatives such as Smile Day. The SEDCO Football Cup held another successful season, with the number of participating employees and operating companies increasing.
SEDCO continued recognizing employee achievements with its Employee of the Month award. The SEDCO Group Stars program, which fast-tracks high-potential employees to leadership roles, saw its third wave of future leaders graduate. A further 15 stars were enrolled in the fourth wave.
2018 also saw an expansion of SEDCO’s Tawasul alumni program. The program encourages employees and SEDCO’s leadership to regularly visit retired SEDCO alumni.
Employee-centric initiatives contributed to SEDCO Holding winning 4th place in the Great Place to Work® in Saudi Arabia rankings. The organization placed 12th in all of Asia.
2019 will expand employee wellness to cover personal wellbeing beyond physical fitness. SEDCO Holding will initiate programs for mental and spiritual wellbeing and promote holistic health.
Group company initiatives SEDCO Holding’s CSR culture is furthered by the group’s operating companies that operate their own initiatives in addition to SEDCO Holding’s.
In 2018, technology firm Ejada signed a new partnership with STC to support Saudi Vision 2030, with investment in local goods, services, assets and technology to spur economic diversification and improve Saudi Arabia’s balance of payments.
Arabian Farms participated in the UAE Ag-Ccelerator initiative to adopt sustainable technologies, enabling effective agriculture in marginal environments. The Ag-Ccelerator brought public and private sector entities together with civil society and academia to address food security regionwide. Arabian Farms’ leadership participated in a 100-day workshop that culminated in a series of recommendations presented to the UAE’s leadership.
As the world’s largest Shariah asset manager, SEDCO Capital continued to promote its Prudent Ethical Investing (PEI) approach on the world stage. The strategy combines responsible investing with Shariah principles to create a sustainable investment framework. The approach uses negative screens, transparency and ESG criteria to avoid harmful products, and boom and bust cycles. Market research shows that PEI can outperform unconstrained portfolios and conventional ethical approaches in terms of risk-adjusted gains.