Ahmed Bin Abdulqader ـ nabd–alhadath
- The SEDCO Holding-backed initiative aims to promote corporate governance in line with Vision 2030
The GCC Board Directors Institute (GCC BDI), the leading institute for governance and leadership, has launched its new chapter in Jeddah, Saudi Arabia. This strategic expansion, supported by an exclusive sponsorship from SEDCO Holding aims to elevate corporate governance standards and drive leadership in Saudi Arabia’s business community.
The Jeddah chapter will host a series of initiatives, including several events and training programs tailored to the needs of senior executives, board members, and key decision-makers. Topics will include enhancing board fiduciary responsibilities, strengthening committee effectiveness, and advancing Environmental, Social, and Governance (ESG) leadership, all aligned with global best practices.
“The launch of the Jeddah chapter, made possible through the invaluable support of SEDCO Holding, represents a significant milestone for GCC BDI and the broader business community in Saudi Arabia,” said Mohammed Moumena, Managing Partner at Edward W. Kelley & Partners and Chairman of the GCC BDI Jeddah Chapter Advisory Board. “Aligned with Saudi Vision 2030, this initiative strengthens our mission to enhance corporate governance practices. By offering tailored resources, insights, and networking opportunities, we aim to empower boards and executives to lead with greater transparency and strategic impact.”
Commenting on the partnership, Rayyan Nagadi, CEO of SEDCO Holding, stated, “SEDCO Holding is happy to partner with GCC BDI in establishing this critical chapter in Jeddah. Governance has been deeply embedded in SEDCO’s DNA and the Binmahfouz family’s legacy for decades, reflecting our belief in its importance across family businesses and corporations alike. SEDCO prides itself on the strength of its governance and this collaboration reflects our long-standing values and commitment to equipping organizations with the tools and expertise needed to address the evolving demands of governance and leadership.”
The Jeddah chapter aims to bridge the gap between management and ownership by championing key governance principles. Through its programs, the chapter will emphasize board member development and certification, as well as the adoption of rigorous evaluation mechanisms.
John Gollifer, CEO, GCC Board Directors Institute, commented: “The launch of our Jeddah chapter marks a pivotal moment in GCC BDI’s mission to enhance corporate governance across the region. With the unwavering support of SEDCO Holding, we are not only expanding our footprint but also reinforcing our commitment to driving impactful leadership and governance excellence in Saudi Arabia. This initiative is aligned with the Kingdom’s Vision 2030, empowering executives and board members with the tools and knowledge necessary to navigate today’s complex business environment. Through our tailored and certification programs, and events, we are confident that the Jeddah chapter will play a vital role in shaping the future of corporate governance and sustainable growth in the region.”
Building on this foundation, the GCC BDI Jeddah chapter will advance governance innovation and strengthen collaboration among industry leaders. Through opportunities for knowledge-sharing and alignment with international benchmarks, the chapter ensures Saudi Arabia’s leadership in corporate governance remains strong. Its initiatives directly contribute to the Kingdom’s vision for sustainable economic growth in a dynamic business landscape.