Chief Executive Officer's message

As we reflect on the transformative journey of SEDCO Holding over the past year, I am filled with profound gratitude and pride in what we have accomplished together.

The milestones achieved during 2023 stands as a hallmark of our sustained commitment to ethical and sustainable investing that drives prosperity for generations to come.

We have maintained our strategic trajectory and furthered our transition strategically from operational roles to becoming an active financial investor, focusing on crafting a well-balanced portfolio that optimises income generation and growth. Our transformation has been rooted in our LEAP strategy, which has propelled us towards enhancing shareholder communication, developing a robust Investor Relations function, and revamping our investment strategy, leading to us diversifying our investments within the Kingdom. The inauguration of our new office in Riyadh marks a milestone in this expansion, opening doors to new partnerships aligned with the national interest.

By keeping our focus in key sectors that are in alignment with the Kingdom’s Vision 2030 we have contributed further economic development. Notably, our investment in Jamjoom Pharma during its IPO underscores our dedication to enhancing the Kingdom’s healthcare sector, while the strategic integration of Yusr International School with Andalus Education symbolized our drive for excellence in the educational sector. Moreover, the groundbreaking of The Point in Abha heralds our renewed focus on the real estate sector, promising to bring a vitality to this foundational pillar of our business.

We are poised to continue this upward trajectory, with our strategic emphasis on our workforce’s capabilities ensures that we continue to harness fresh ideas and innovation through comprehensive training and development programs. As a testament to our organizational culture and the commitment of our team, we are proud to be recognized Great Place to Work certified organization for the tenth consecutive year.

On behalf of my management colleagues, I would like to express appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud; and HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, for their visionary leadership, valuable guidance and balanced approach to achieve Saudi Vision 2030 goals, laying the foundations of success for the future.

I also wish to extend my heartfelt gratitude to our remarkable team, whose dedication has been the bedrock of SEDCO’s performance. To our esteemed Board of Directors, thank you for your visionary guidance, and to our shareholders, your continued trust and support have been the driving force behind our accomplishments.

As we begin 2024, we are preparing to embark on a new journey celebrating and learning from all that has come to pass. With confidence in our team, we are excited to see how SEDCO will be propelled to even greater success this year.

Rayyan Nagadi
Chief Executive Officer