New MoU signed between SEDCO Holding and Monshaat

The MoU was signed by SEDCO Holding CEO Hassan Al-Jabri and Monshaat Vice Governor for Funding Mohammed Al-Malki at the Al-Roshan Exhibition Center in Hail.
Updated 30 October 2019

New MoU signed between SEDCO Holding and Monshaat

The Biban Hail Forum held on Oct. 2 witnessed the signing of a memorandum of understanding (MoU) between SEDCO Holding Group, the provider of the Riyali Financial Literacy Program, and the General Authority of Small and Medium Enterprises (Monshaat).

The MoU was signed by SEDCO Holding CEO Hassan Al-Jabri and Monshaat Vice Governor for Funding Mohammed Al-Malki at the Al-Roshan Exhibition Center in Hail.

The signing aims to build a unified framework for cooperating with the program partners to promote financial literacy among entrepreneurs and SME owners, especially in dealing with finance solutions and accessing different financing sources.

The agreement entails preparing an executive plan by both parties to organize financial literacy seminars and events for entrepreneurs and SME owners, in addition to developing content and creating awareness around financing options and tools.

“SMEs play a vital role in supporting the national economy and promoting the development process, and have a positive impact on economic and social levels, increasing exports, providing jobs for Saudi youth, opening new labor markets, diversifying sources of income, and expanding the production base in line with the Kingdom’s Vision 2030,” Al-Jabri said. 

“This MoU will enable us to achieve Riyali’s goals of spreading financial literacy among all ages and to contribute effectively in realizing the Kingdom’s visionary objectives.

“This is the start of a long-term partnership with Monshaat to enhance the efficiency of SMEs and empower them with the knowledge and tools to make sound financial decisions. This will be done through joint efforts between both parties, where we will coordinate between the Rowad Riyali Program and the financial literacy program offered by Monshaat to provide an integrated ecosystem,” Al-Jabri added. 

Riyali is the CSR flagship program of SEDCO Holding. It is accredited by the Ministry of Education in schools and universities, and primarily aims to introduce future generations to the benefits and importance of financial literacy, develop their skills and equip them with the knowledge needed to face their responsibilities. It also aims to promote greater financial literacy across the Saudi community as a whole. 

The program has successfully reached 817,000 beneficiaries to date, and is on target to attain its objective of reaching 2 million beneficiaries by the end of 2020.


Expo 2020 tours announced for students

Updated 27 January 2020

Expo 2020 tours announced for students

EduVoyage, the educational travel arm of ITL World, showcased its collaboration with Expo 2020 Dubai at the 32nd Principals’ Conference held under the aegis of the Gulf Council of the Central Board of Secondary Education (CBSE). Representative principals from CBSE-affiliated schools in the Gulf region attended the four-day annual meet in Jaipur, India from Jan. 4 to 7.

During the conference, the EduVoyage team shared pertinent details of their planned programs designed to drive a global student and youth audience to Expo 2020 Dubai during the six-month event. EduVoyage is an authorized ticket reseller for the Expo 2020 Dubai, touted as “the greatest show in the world.” 

EduVoyage signed an agreement with Expo 2020 Dubai, whereby it will promote the event from an educational perspective.

“This conference is a great platform for senior academia to interact, explore new ideas and share their experiences, thereby giving Indian students residing in the GCC the benefit of cutting-edge teaching concepts and trends in this fast-paced age of technology,” said Shaik Shibli, head of marketing, EduVoyage.

Su Ramanathan, director, destination marketing at Expo 2020 Dubai, said: “The leadership of Expo 2020 Dubai and the UAE have always believed that the youth are the heart of the expo — they are an important part of our visitor group. With seven subject-themed, curated educational tours, the Expo 2020 Student Program will offer every student the opportunity to broaden their horizons by making the world their classroom. We are delighted to be collaborating with Eduvoyage as one of our authorized ticket resellers to bring this experience to life for students from all around the world.” 

Dr. Siddeek Ahmed, chairman and managing director, Eram Group, ITL World’s holding company, said: “From flights to accommodations, to visa support services, tours and insurance and everything in between, we have worked closely with the Expo 2020 to put together a holistic, one-of-a-kind experience that is certain to appeal to students and parents alike.”