SAGIA classifies Sadara as strategic

Updated 21 June 2015
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SAGIA classifies Sadara as strategic

Sadara Chemical Company (Sadara) has been classified as strategic by the Saudi Arabian General Investment Authority (SAGIA), the governmental entity established to oversee investment affairs in the Kingdom of Saudi Arabia. This puts Sadara in the highest classification category achievable under SAGIA’s current investment rankings.
This classification of Sadara’s investment status is in recognition of its commitment to enhancing the value of its investments in the petrochemical and chemical sectors of Saudi Arabia. This is also recognition of Sadara’s success in bringing associated investments into the Kingdom, providing significant employment opportunities for Saudi nationals, and driving further development of the industry or associated industries, according to SAGIA.
“We are pleased to have achieved the highest ranking with SAGIA and their recognition of Sadara’s positive impact on the Saudi economy,” said Ziad Al-Labban, CEO of Sadara. “We are driven by the support tendered to us by our stakeholders, Saudi Aramco and The Dow Chemical Company, and are committed to continuing to contribute to the enhancement and strengthening of the Kingdom’s value creation opportunities.”
“I would also like to thank SAGIA for its support of Sadara and its active role in helping the project achieve the successes it has to date,” Al-Labban added.
The evaluation criteria included a detailed appraisal of various aspects of Sadara and its business. This includes the transfer and localization of technological knowledge, diversification of the Kingdom’s economy, increasing exports and decreasing imports; developing local human resources, reinforcing and boosting the economic competitiveness of local products in both domestic and international markets, and encouraging balanced development of the various regions of the Kingdom.


LuLu breast cancer campaign recognized

LuLu Regional Director for Saudi Arabia Shehim Mohammed receives the award from Riyadh Governor Prince Faisal bin Bandar. (Photo/Supplied)
Updated 16 October 2018
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LuLu breast cancer campaign recognized

LuLu Hypermarkets recently received a special recognition from Riyadh Governor Prince Faisal bin Bandar for its ongoing support to Zahra Breast Cancer Association in raising awareness on fighting breast cancer. LuLu Regional Director for Saudi Arabia Shehim Mohammed represented LuLu at the award ceremony held at the launch event of Zahra’s breast cancer month campaign.

The campaign announced the organization’s aim to focus on genetic screening for early detection, thereby helping reduce cases of the disease. 

Launched on Sept. 5, LuLu’s in-store campaign titled “Buy Green, Support Pink” aims at caring for the environment and giving back to society. For every customer’s purchase of a LuLu reusable bag, SR1 ($0.27) will be donated to Zahra.

“LuLu is deeply honored to be recognized for our CSR efforts by the Riyadh government. We believe that as a well-known retail destination, our dedicated service to our loyal customers goes beyond providing the best products, but more so to being a committed supporter of various social initiatives. Our sincerest gratitude to Zahra for working hand in hand with us to be an instrument of change for people in need,” Shehim said. 

LuLu has dedicated a special green checkout counter in its stores, where customers can have faster transactions that will save time in shopping when they use the reusable bags. This special counter has been permanently available in stores since the campaign launch.

LuLu has always been a key promoter of sustainability, environment protection, and the less fortunate people. Over the years, the retailer has initiated many projects toward these causes and hopes to continue to do so in the future.