Johnson & Johnson Medical Devices Companies launches joint venture in KSA

The announcement was made at a press conference on Wednesday in Riyadh.
Updated 19 November 2017

Johnson & Johnson Medical Devices Companies launches joint venture in KSA

Johnson & Johnson Medical Devices Companies (JJMD) has announced the launch of Johnson & Johnson Medical Saudi Arabia Limited. It is a Saudi-registered legal entity resulting from a joint venture between Johnson & Johnson Middle East FZ-LLC, Abdulrehman Algosaibi and Farouk Maamoun Tamer & Co.
The launch of the Riyadh-headquartered company marks an important expansion for JJMD in the Middle East, reinforcing a strong commitment to building health care solutions in the Kingdom, sharing global expertise and innovation through professional education and developing Saudi national talent.
“Saudi Arabia is an important market and we are excited about the government’s plan to advance health care under the Saudi Vision 2030 that aims to improve quality of life and health care services. We have a deep commitment to supporting this vision by helping health care systems navigate the impact of the changing landscape, ultimately improving outcomes, increasing patient satisfaction and reducing costs in value based care,” said Michelle Brennan, company group chairman JJMD EMEA.
“The flexible new regulations introduced by the Saudi Arabian General Investment Authority have encouraged us to set up our legal presence in the Kingdom under a joint venture with our longstanding distributor partners who have strong knowledge and expertise in the Saudi market.”
The announcement was made at a press conference on Wednesday in Riyadh, held under the auspices of the Saudi Arabian General Investment Authority (SAGIA).
Johnson & Johnson Medical Saudi Arabia Limited, which also has a branch in the Red Sea port city of Jeddah, began operations in October and has started receiving orders to serve clients in the Kingdom. It launched under the leadership of General Manager Abdulaziz Al-AlSheikh with around 190 employees, including a female sales team. The new company comes to market with a Saudization rate of 25 percent and said it is committed to attracting, hiring, training and developing Saudi talent.
“We are very pleased to be strengthening our strategic partnership through this joint venture. We believe that Johnson & Johnson Medical Saudi Arabia Limited will have a positive long-term impact on health care in Saudi Arabia while also growing and enhancing the Saudi Arabian workforce,” said Magdy Saidum, director technical affairs at Abdulrehman Algosaibi, and Mohammed Tamer, group CEO and managing partner of Tamer Group.


Alawwal, SABB mark decade of support to disabled

Updated 09 December 2019

Alawwal, SABB mark decade of support to disabled

Saudi Arabia’s newly merged bank is reaffirming its commitment to inclusivity to mark UN’s International Day of Persons with Disabilities, observed globally on Dec. 3. For more than 10 years, Alawwal Bank and SABB have helped thousands of disabled people in the Kingdom, now as one bank, it aims to take new steps to further this legacy of support. 

David Dew, managing director, SABB: “It’s up to large companies like ours to actively promote inclusivity across Saudi Arabia. We have the resources to make a difference, not just for the thousands of customers and staff we support but for the Kingdom as a whole.” 

Previously, both banks have been long-term supporters of the Disabled Children’s Association. For over 10 years, SABB’s “Employment Program for People with Special Needs” has helped find jobs for more than 5,000 young people in various companies. Alawwal Bank also donated to the association to help rehabilitate children aged 4-12. SABB also helped establish the Sultan Bin Abdulaziz Specialized Prosthetics Center (the largest in the Middle East), which now treats 9,000 patients a year. Other initiatives include donations to rehabilitation centers for females and orphans with disabilities, as well as to the Saudi Deaf Sports Federation.

Now the combined bank is taking new steps to promote accessibility — starting with staff. As well as using their offices to entertain kids from the Disabled Children’s Association, the bank challenged employees to tackle a wheelchair obstacle course, giving them first-hand experience of the difficulties disabled people face. 

Dew added: “We’re only really giving staff a glimpse of the day-to-day challenges disabled people face but it’s been a great learning experience. The more we understand, the more we can do to help.”

The bank is currently constructing a new head office which is being designed to accommodate people of all abilities. As well as accessibility for wheelchair users, the building will also be built to consider the needs of the deaf and blind.

A video promoting accessibility for wheelchair users is also being promoted Kingdom-wide by the bank. 

International Day of Persons with Disabilities is an international observance promoted by the United Nations since 1992, aiming to promote the rights and well-being of persons with disabilities in all spheres of society and development.