STRATEGIC DIRECTION
Our strategic direction powers the Company's transition away from operational roles to that of an active financial investor and partner. It also encapsulates our values and aspirations: to generate tangible social impact and facilitate long-term positive outcomes for our shareholders, partners, communities, and nation.
About The Report
Integrated Annual Report 2023
First Integrated Report
- Reporting against GRI and SASB indicators
- Alignment with International <IR> Framework and Tadawul ESG guidelines
- Progress toward incorporation of CMA guidelines for governance disclosure
Annual Review 2022 Sustainability Report 2022
Maturing Sustainability Reporting
- Third-party review and certification of essential ESG disclosures by GRI
Annual Review 2021 Sustainability Report 2021
First Sustainability Report
- Introduction of ESG disclosures via GRI Standards
We are proud to present SEDCO Holding’s first Integrated Report. This report covers the 12-month period from 1 January to 31 December 2023. The integrated report presents a holistic review of SEDCO’s business and sustainability performance in 2023. The Report discusses how transformation, investment strategies, governance measures, and operational developments are creating value for shareholders, employees, partners, communities, and the Kingdom.
Strategy Review section details our overarching LEAP strategy and the unique way we do business to create social impact and sustainable outcomes for all.
Investment Impact and Social and Environmental Impact sections constitutes a comprehensive review of our impact through domestic investments and targeted social and environmental programs. Our Team section presents a report on SEDCO’s experienced team and dynamic corporate culture, while Our Business Operations Review section detail developments with our operations and business units.
SEDCO’s commitment to ethics and good governance is presented via the Our Ethic section.
Reporting journey
As part of SEDCO’s sustainability journey and commitment to transparency and accountability, we continue to improve our standards of corporate reporting and disclosure. Publication of our first Integrated Report involves significant improvements in data collection, validation, and presentation — providing clearer insights into SEDCO’s transformative strategy, operational performance, sustainability efforts, and broader impact across the Kingdom.Reporting scope and boundary
The scope and boundary of this report focuses on SEDCO Holding, with a detailed review of the Company’s strategies, operations, sustainability initiatives, and governance framework. Additionally, in line with our ethos of value creation and ambition to build prosperity for generations to come, we explore SEDCO’s far-reaching impact in the Kingdom of Saudi Arabia. The Report discusses SEDCO Holding’s synergistic interactions with subsidiaries and affiliate companies; induced impact through an investment portfolio consisting of industry-leading Saudi businesses and innovative real-estate initiatives; and contribution to community development through the Salem Bin Mahfouz Foundation (SBMF), Riyali Foundation, and Rowad program.Comments and feedback
We welcome your feedback on the structure and contents of this report. Please direct any comments to the Corporate Communications and Sustainability team through
SEDCO Holding Communications
communication@sedco.com
REPORTING SCOPE AND BOUNDARY
BUSINESS SYNERGIES
Direct Investment Companies
and Real Estates
IMPACT
Salem Bin Mahfouz Foundation (SBMF), Riyali Foundation, Rowad Program
(Sustainability review on Sustainability at SEDCO, Our Framework for Impact, Environmental Review and Social Review for details achievements in 2023)
Portfolio of direct and real-estate investments across the Kingdom
(Investment review on Domestic Investment, Real Estate Investment and Delivering on Our LEAP Strategy provides highlights of achievements in 2023)