ZMZM Society unveils visionary strategy and new identity

Top executives and management officials of ZMZM at a ceremony on Feb. 28 to unveil the new identity system of the society.
Updated 18 March 2019

ZMZM Society unveils visionary strategy and new identity

ZMZM Society for Voluntary and Charitable Health Services recently unveiled its new strategy and identity, in line with the Kingdom’s Vision 2030, aiming to tackle modern-day health care challenges.
The society, which has long been a recognized and trusted name, has renewed its commitment to providing integrated sustainable health care to people in need.
For almost 15 years, the Jeddah-based charity has worked to create innovative solutions that overcome everyday health care challenges — growing to become a formidable wealth of knowledge and experience dedicated to enhancing the quality of life for all. While the original mission of ZMZM remains unchanged, due to the changing social, economic and technological climate, and to continue improving people’s lives, the society needed a fresh approach. 
In 2016, ZMZM initiated a detailed introspective examination of its strategy and operations. The strategic transformation has been well timed — lining up correctly with the charity sector cornerstone detailed within Vision 2030. As such, ZMZM’s transformation strategy aims to produce a stronger, more unified organization, one that is better equipped to tackle modern-day health care challenges.
A timely and systematic initiative within the charity’s strategic plan has been the structured development of a new multi-sensorial, institutional identity system, supported by an employee, volunteer and donor engagement platform.
Led by Professor Adnan bin Ahmed Albar, chairman of the board of directors, and attended by members of ZMZM and senior dignitaries, the new identity system was unveiled on Feb. 28. ZMZM used this event to usher in a new age for the group, its network of volunteers and medical experts, and the people ZMZM helps every day.
Chairman Prof. Albar said he is thrilled to be spearheading this new movement and vowed to keep ZMZM ahead of the economic and social changes that are occurring throughout the Kingdom. He said that he, along with ZMZM’s supporters, are determined to work harder than ever toward a brighter future for everyone.
Director-General of the Ministry of Labor and Social Development Abdullah bin Ahmed Al-Tawi praised the ambition and dedication of ZMZM, saying: “I appreciate the efforts of ZMZM, which began with in-depth studies that carefully considered the map of the future and resulted in a more prepared organization.”
The new direction is aligned to a simple truth: That everyone is entitled to live a happy, healthy life.
“ZMZM will bring its new identity to life through a series of strategic commitments. They include prioritizing community engagement, leveraging the power of effective collaboration, working with flawless precision, committing to continuous improvement and upholding the importance of meaningful accountability,” the society said in a statement.

Ma’aden acquisition supports Vision 2030

Updated 24 April 2019

Ma’aden acquisition supports Vision 2030

The acquisition of an African fertilizer distribution company by Ma’aden, the largest Saudi mining company, will advance Ma’aden’s Strategy 2025, which includes plans to expand operations in the Kingdom and grow sales globally. The acquisition will also support Saudi Arabia’s Vision 2030, which seeks to diversify the economy, increase non-oil exports, boost the Kingdom’s non-oil GDP, and reinforce the mining sector as the third pillar of Saudi industry, after oil and gas and petrochemicals. 

Ma’aden will make its first international acquisition with the purchase of the Mauritius-based Meridian Group, which is due to be completed by September for an undisclosed fee.

The publicly-listed Saudi mining company will acquire an 85 percent stake in the company in an all-cash deal that will provide one of the Middle East’s largest phosphate producers with 3,000 staff and a network of operations across southern Africa, from Malawi to Mozambique, Zimbabwe and Zambia. Phosphate is used to produce fertilizer that is essential in replacing the phosphorous mineral that is removed from soil when agricultural crops are harvested. 

“This acquisition marks a very important step in Ma’aden’s strategy to build global distribution channels for our fertilizer products,” said Darren Davis, president and chief executive of Ma’aden. “As we continue to build one of the largest producers and exporters of phosphate fertilizers in the world, ensuring an efficient route to key growth markets is critical to our success.” 

Agriculture forms a significant portion of the economies of all African countries. As a sector, it can therefore contribute to major continental priorities, such as eradicating poverty and hunger. The agri industry can also boost intra-Africa trade and investments, rapid industrialization and economic diversification, sustainable resource and environmental management, and create jobs, human security and shared prosperity.

The Southeast African market, like most of the African continent of 1 billion people, is experiencing increased demand for phosphate fertilizers which industry analysts expect to continue growing by 5 percent annually over the next decade, fueled by population growth and increasing education in the use of fertilizers.

“Ma’aden is acquiring unparalleled access to complementary distribution, blending and product-development capabilities in this fast-growth region,” said Hassan Al-Ali, Ma’aden’s senior vice president for phosphate. “This transaction will provide us with logistics advantages in Southeast Africa, and greater knowledge of on-the-ground customer requirements, both of which will be instrumental in better serving our customers.”

The Saudi global mining giant will secure the remaining 15 percent of Meridian’s equity over four years on agreed terms linked to the performance of the African company, which distributes approximately half-a-million tons of fertilizer through its network of granulation and blending plants, warehousing complexes and port facilities. 

HSBC acted as Ma’aden’s financial adviser on the deal and Baker McKenzie was the Saudi company’s legal adviser for this acquisition.