OUR BUSINESS:
OPERATIONS REVIEW

We are enhancing our capabilities, creating a supportive environment for our teams, and putting in place strong processes and policies essential to successfully implementing our LEAP strategy.

Digitalization

SEDCO Holding’s Information Technology digital initiatives and projects are centered around advancing automation, boosting reliability, optimizing efficiency, and enhancing overall operational effectiveness. SEDCO Holding consistently maintains the highest standards in information security and business continuity. Led by a strategically aligned IT function, SEDCO Holding follows a systematic and structured process for digital adoption, aligning our priorities with the evolving needs of the business.

In the pivotal year of 2023, significant milestones were achieved across the group in the digitalization journey. These accomplishments include strategically positioning SEDCO Holding for sustained growth and expansion. The focus on transformative processes empowered the company to seamlessly transition into an active financial investor role, while also fortifying its decision-making capabilities with well-informed insights.

Strategic technology integration

SEDCO Holding’s IT department made several digital advancements in 2023 that contributed to streamlining business processes, increasing efficiency, and empowering decision-making across the organization.

Employee self-service Platform Modernization.	Launch of SEDCO’s Volunteering Digital Management Platform “Badir”.	Overhaul and revamp of SEDCO’s Employee Performance Management platform “Injaz”
Development of SEDCO’s Business Intelligence (BI) Financial Dashboards.	Implementation and launch of SEDCO’s Real Estate Information System (REIS).	Set up of “Chronograph” a renowned digital portfolio monitoring solution for the Domestic Investments department.

Digital advancements in 2023 contributed to

streamlining business processes, increasing efficiency, and empowering decision-making.

Cybersecurity and operational resilience

SEDCO’s cybersecurity infrastructure adheres to the stringent guidelines set by the Saudi Capital Market Authority (CMA), encompassing cybersecurity governance, risk management, audit reviews, and operational controls. Our robust cybersecurity framework entails safeguards and proactive measures to ensure data security and data privacy for both our and our clients’ assets and information. There were no registered incidents or breaches related to cybersecurity, data security, and data integrity throughout the year 2023, affirming the strength of our digital safeguards.

At SEDCO Holding’s IT department, we employ a business continuity management framework, which further strengthens our operational resilience by minimizing/mitigating risks and enabling timely responses and interventions to incidents as they arise. The framework also ensures compliance with the industry’s highest standards, while consolidating our brand value and reputation.

Highlights of initiatives in 2023:

Implementation of “Darktrace” an email gateway solution and “Zimperium” a mobile endpoint security solution that ensures secured access to SEDCO’s critical systems.	Acquisition of a new Security Information and Event Management Solution (SIEM) to enhance incident detection and response.	Installation of a Vulnerability Management Platform to continuously identify and address IT vulnerabilities.
Development of an Internal Tool for IT Asset Management.	Roll-out of a Mobile Threat Defense (MTD) solution to improve the security of mobile devices and data.