Recognition for honesty, transparency

Updated 28 May 2012
0

Recognition for honesty, transparency

The Saafah Foundation for Good Example has praised the appointment of two of its board members in high-ranking positions at prestigious organizations.
Abdullatif Al-Othman was appointed governor of Saudi Arabian General Investment Authority (SAGIA) and Abdul Aziz Al-Sugair president of Saudi Telecom Company (STC).
The foundation, which works for promoting transparency and honesty in the Kingdom, commended the expertise and performance of Al-Othman and Al-Sugair in various fields.
Both of them have worked in engineering, economic and industrial fields for a long period.
Prince Turki bin Abdullah bin Abdul Rahman, chairman of the foundation's board of directors, said the appointment of Al-Othman and Al-Sugair would have a good impact on their respective organizations.
"In the light of my personal association with the two as active members of Saafah, I am confident that they will work for improving transparency and honesty in SAGIA and STC to the satisfaction of those who deal with the two organizations," Prince Turki said.
He said Al-Othman and Al-Sugair worked to deepen the values and principles of justice, frankness and accountability at the organizations they had worked for before.
He also noted the important roles played by the pair in his organization.
Prince Turki said the appointment of the pair reflects the government's desire to create an atmosphere of transparency and honesty in the country.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 54 min 42 sec ago
0

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.