The importance of corporate social responsibility in the development of the Saudi community and empowerment of the youth is once again the highlight of the two-day CSR Saudi Arabia 2014 Summit that kicked off here in Jeddah on Monday.
A brief interview with some speakers in the summit showed a consensus on the necessity of sustained CSR activities to further spur growth.
Excerpts of the interviews follow:
Q: To Amr Banaja, VP CSR, SEDCO: Did you connect and collaborate with relevant government bodies to enhance the program’s (Riyali Financial Literacy) capabilities?
A: Since its launch, the Riyali Financial Literacy Program has conducted introductory visits across a variety of local bodies including a number of universities where the program, its goals and plans were presented and explained. These visits resulted in strategic partnerships with the Ministry of Education, Ministry of Labour, Human Resources Development Fund, Capital Market Authority, Institute of Banking, Saudi Arabian Monetary Agency, King Khaled Foundation, Al-Nahda Association, Majid Society for Community Development and Herfa Association. These partnerships have strengthened the program’s capacity, whereby with close cooperation with the various education departments, the program was implemented in local public schools. Additionally, as part its partnership with the Institute of Banking, public training courses for youth in Riyadh were offered for both male and female students.
Furthermore, as part of Riyali’s partnership with the Ministry of Labor, the program was included in the edX platform via the “Droob” program, which contains several e-based educational courses, with a set goal of training youths’ skills and preparing them for the business market. Still in its pilot stage, the program is currently being offered for a duration of seven and a half weeks for 400 female students in Riyadh, Jeddah, Al-Ahsa and Tabuk, with near future plans for expansion to cover all segments. At the end of the training, each participant will receive certificates accredited by the Ministry of Labour.
Q: Has governmental support for Riyali been instrumental in accelerating delivery of Riyali to your target audience?
Through cooperation with the Ministry of Labor, we seek to strengthen and develop the youths’ skills and enhance their knowledge which will allow them to face life’s responsibilities, through a number of courses, certified by the Technical and Vocational Training Corporation.
We here at the Riyali Financial Literacy Program appreciate the efforts of these bodies and strive to increase our partnerships in order to fully communicate SEDCO Holding Group’s message for spreading good in the community. These partnerships played a big role in achieving the Program’s goals, including reaching a significant number of our targeted group.

CSR initiatives essential to Saudi youth empowerment: summit

A brief interview with some speakers in the summit (pictured) showed a consensus on the necessity of sustained CSR activities to further spur growth. (AFP)
Saudi Gazette
Tuesday 25 November 2014
Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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