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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.

Supporting the needs of our shareholders

We carried out a number of initiatives and facilitated proactive interactions and connections.

 

SEDCO’s newly established Investor Relations (IR) function focuses on supporting the needs of shareholders through systematised and proactive interactions. In 2023, a new Investor Relations framework was drafted, aligned with SEDCO’s LEAP Strategy. The framework is built on three key pillars that serve to develop an informed shareholder base; create an enabling structure to incorporate and deliver their needs; and ensure good governance through clear implementation of policies and procedures.

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Highlights of achievements in 2023:

Workshop: Responsible Family Ownership

Co-sponsored by SEDCO Holding, the workshop in Jeddah was aimed at empowering and educating the next generation of business leaders in corporate governance and building successful businesses. The event featured Prof. Rodrigo Basco, Associate Professor at the American University of Sharjah (AUS), whose research focuses on entrepreneurship, management, and regional development with special interest in family firms.

Workshop: Succession & Communication in Family Businesses

A second workshop was conducted in Riyadh and led by Prof. Christine Blondel, Adjunct Professor at INSEAD, who has over 20 years of experience in the family business field and exposure to hundreds of family business cases through her teaching, writing, conferences, advising and Board membership.

Newsletters

Newsletters were circulated periodically to shareholders, featuring updates on key events related to SEDCO Holding as well as informative articles in the area of family business governance.

Surveys

Building on the achievements of the first year, a comprehensive survey was shared with the Family Council (FC) and Shareholders Advisory Committee (SAC) chairs to align and set expectations for the upcoming year’s objectives.

Family Business Council in Gulf (FBCG) Visit

SEDCO was proud to participate and host the first learning journey initiative for the FBCG, which aims to forge connections and share knowledge related to family businesses.

Incubator Support Team

In collaboration with the Family Council, we successfully established a pool of SEDCO experts, categorized based on their areas of expertise, to mentor and guide shareholder entrepreneurs in the Incubator Support Team program.