Monsha’at and UBT list SME consultants

The four-day program included 25 delegates from Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.
Updated 15 April 2018
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Monsha’at and UBT list SME consultants

The Small and Medium Enterprises General Authority (Monsha’at) partnered with the University of Business and Technology (UBT) in Jeddah to certify accredited small and medium enterprise consultants in line with Vision 2030.

Organized by UBT Continuing Education Center (CEC), and delivered by Dr. Richard Weinberger, CEO of the Association of Accredited Small Business Consultants (AASBC) based in the US, the four-day program included 25 delegates from the cities of Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.

The professional training program covered 15 themes. They were small business and SME today; general financial statement review; revenue and expense review; asset and liability review; ratio analysis, SWOT analysis; operations management; strategic planning; budgets and forecasts; internal controls; marketing and branding; business organizations; financing; risk assessment and fraud deterrence; and marketing consulting practice.

In addition to the membership benefits of AASBC, the delegates who passed the online certification exam with success the certification exam online were awarded the title Accredited SME Consultant.

UBT CEC Director Dr. Amir Dhia said that the program, which was subsidized by Monsha’at, included a rich and diverse group of practitioners from the sectors of banking, finance, entrepreneurs, CEOs, and business consultants. 

Small and medium enterprises contribute only 20 percent to the GDP in the Kingdom compared to 70 percent of some economies. Despite the efforts to improve the quality of the business environment, small enterprises in the Kingdom continue to suffer from a complexity of regulatory and administrative procedures, slow capacity, poor capacity to attract talents, and difficulty in obtaining funding.  The proportion of funding for small and medium enterprises is only five percent of the total funding, which is a small proportion compared to global rates. 

The Monsha’at aims to develop, enable, and advocate for SMEs to thrive, in collaboration with strategic partners in the public, private and non-profit sectors.


PepsiCo. launches region’s first Million Women Mentors chapter

Updated 21 August 2018
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PepsiCo. launches region’s first Million Women Mentors chapter

PepsiCo., the global food and beverage company, has launched the region’s first Million Women Mentors chapter in Riyadh. Million Women Mentors is a global movement designed to support the engagement of millions of science, technology, engineering and math (STEM) mentors, both male and female, to increase the interest and confidence of girls and women to succeed in STEM programs and careers.
With female representation in the STEM fields still lower than that of their male counterparts, Million Women Mentors (MWM) aims to be a platform to give women early in their careers the boost they need to thrive in their professions and form the future of the society envisioned by Saudi Vision 2030. The pillars of Vision 2030 support a thriving economy in which men and women have the capacity to contribute to the community’s growth and successes.
“Vision 2030 aims to increase women’s participation in the workforce to 30 percent, and encouraging more women into the male-dominated STEM industries will significantly contribute to this goal,” said Satyavrat Pendharkar, general manager and vice president, Saudi Snacks Foods Ltd, PepsiCo. Saudi Arabia. “PepsiCo. has a global commitment to empowering communities, as well as to creating equal opportunities for anyone to succeed within our company. By deploying the principles of our Performance with Purpose philosophy here in the Kingdom, we hope to provide women with the backing they need to be confident when entering STEM careers.”
MWM started in 2014 and had more than 2 million mentor commitments by 2018 with a goal of reaching 3 million by 2020. The new chapter in Riyadh is the first in the MENA region, with 12 mentors and mentees signed up so far across the fields of supply chain, information technology, research and development, and finance. New mentees will be enrolled into the annual program each year.
Within the coming five years, PepsiCo. aims to have at least two of the program participants in leadership positions.
“PepsiCo. walks the talk when it comes to providing women with opportunities to thrive within the company,” said Delel Chaabouni, chief information officer, PepsiCo. Middle East and North Africa. “I am thrilled to have had the opportunity to launch this important initiative in Saudi Arabia. As a woman in a traditionally male-dominated field, I have first-hand experience in forging a career within a STEM sector, and believe that MWM has the potential to give women the boost of confidence they need to realize they can achieve success in whatever industry they want.”