Sustainability is a core element of SEDCO Holding’s organizational culture, and radiates outwards to involve group companies. SEDCO Holding’s Sustainability is inspired by the values of its shareholders and Saudi Vision 2030, which specifically calls on the private sector to be socially responsible.
Salem Bin Mahfouz Foundation (SBMF) is a fully licensed charitable organization that seeks to empower communities by providing sustainable, qualitative and institutional grants to civil society organizations. The foundation has three focus areas: education, community development and non-profit organizations.
Among efforts to strengthen our partnerships with government, SBMF financed the national volunteer portal in 2021 and donated SAR 2 million to Ehsan, the national platform for charitable work, launched by the Saudi Data and Artificial Intelligence Authority (SDAIA).
Other new strategic partnerships included one with Al-Alameya Communications and Networks Company to contribute to national development by aligning education and training with the needs of the labor market; boosting the efficiency of non-profit sector workers; and increasing the number of professional certifications.
SBMF’s new agreement with the University of Hail will establish the Scientific Society for the Development of the Non-Profit Sector. Our partnership with the Association of Productive Families in Jazan aims to equip families with the skills needed to enter the labor market and develop successful careers.
In the Education area, we hosted a three-day forum at King Abdullah Economic City (KAEC) for 150 educational leaders, in collaboration with the Ministry of Education, who also supported us in running the Sumo and Isham programs, which seek to qualify 1,620 elementary school teachers and train 10,000 high school students in 21st century skills, respectively.
Six new scholarships were awarded and 38 continued, while 88 students were granted cash prizes of SAR 10,000 each. A further 10 student scholarships continued under the University of Prince Mugrin.
The foundation also granted two prizes to gifted students, in cooperation with Mawhiba (King Abdulaziz and His Companions’ Foundation for Giftedness and Creativity) which provides skills, training and internship opportunities to high-achieving students.
SBMF’s Tawasul Forum – for exchanging expertise on effective community development by non-profit organizations – continued to empower third-sector organizations by allocating resources to develop their human assets and organizational structures.
The Benaa’ program continued to develop institutional and human resources capabilities in 19 non-profit organizations throughout the Makkah Al Mukarama, Al Madina Al Munawara and Jazan regions.
There was also a range of programs for family development, covering individual economic empowerment, youth participation in sports, and volunteering.
More than 10,000 food care packages were distributed during Ramadan. Development and special community programs in the Bin Mahfouz mosques helped more than 1,600 teachers and students, with more than 100 social and cultural events and 110 Qur’an memorization sessions taking place during the year.