Pearl, Zubair SEC promote corporate governance

Yasmine Omari, executive director at the Pearl Initiative.
Updated 19 March 2019

Pearl, Zubair SEC promote corporate governance

The Pearl Initiative recently held a special dialogue session in collaboration with Zubair Small Enterprises Center (Zubair SEC) to address how corporate governance practices can help micro, small and medium enterprises (MSMEs) navigate growing economic challenges and boost business outcomes. 

The session was organized as part of Zubair SEC’s “Tajribati” monthly dialogue initiative, which hosts a number of prominent speakers and experts in governance and MSMEs in Oman and participating MSMEs at Bait Al-Zubair. This is the second time Pearl Initiative, a business-led nonprofit advocating corporate accountability in the Gulf region, has run governance-related sessions with Zubair SEC. 

Yasmine Omari, executive director at the Pearl Initiative, said: “The Pearl Initiative is consistently at the forefront of promoting a culture of corporate governance, accountability and transparency in the Gulf region. Our engagement with MSMEs on this front is crucial when considering the vital role these businesses play in boosting national and regional economies. A strong MSME sector — fueled by stringent corporate governance practices — will contribute to stronger economies, markets and overall development.”

The event, titled “Governance for Sustainable Growth: Enhancing MSME Outcomes,” highlighted the key role corporate governance practices can play in boosting the profiles of small businesses by making them more appealing to stakeholders, such as investors.

Pharmaceutical giant Allergan to train KSU pharmacy students

Updated 23 April 2019

Pharmaceutical giant Allergan to train KSU pharmacy students

Global biopharmaceutical company Allergan has signed a memorandum of understanding (MoU) with King Saud University (KSU) that focuses on developing a robust student-exchange program by facilitating training opportunities for Saudi nationals.

The agreement was signed by Ramsey Morad, Allergan’s vice president for India, Middle East and Africa, and Dr. Aws Al-Shamsan, dean of the College of Pharmacy at the university. The MoU is in line with the Kingdom’s overall efforts to drive more cooperation levels between the public and private sectors, with the underlying objective to integrate Saudi nationals into various fields within the health-care sector.

Under the agreement, Allergan will provide training courses on an annual basis for students at the College of Pharmacy as well as programs to develop their scientific and medical knowledge and align them to international industry best practices. Students will be assessed according to set parameters, and the top performers will earn an internship opportunity with the company

In addition, Allergan will run courses for faculty members at the College of Pharmacy with a focus on leadership skills.

Morad said: “We have used practical methods to express our commitment toward the Kingdom and toward the realization of Vision 2030. We are placing a very high emphasis on developing the local capabilities of Saudi nationals within the health-care sector, and this partnership with a leading university in the region is one of the steps we are taking. Saudi Arabia is at the heart of our operations in the region, and this MoU represents a key milestone in our efforts to attract the young minds of tomorrow and integrate them as core members of our Allergan team.” 

Al-Shamsan said: “We are proud to partner with Allergan to implement internationally recognized knowledge-based programs for the development of our students. With this MoU, we are focusing on the enhancement and development of the pharmaceutical sector across the Kingdom. We are guided by the mission to provide students experiences to learn from international best practices and, at the same time, work toward the improvement of the quality of the pharmaceutical sector in the Kingdom.”

Allergan said it is committed to a wide range of programs with health-care professionals, patients and national entities across the Kingdom. The company’s investments through its joint venture, Allergan Saudi Arabia, include the development of medical training centers focused on training health-care professionals in medical aesthetics.