JEDDAH, 7 July 2007 — The London Business School yesterday honored Mohamed Al-Mady, vice chairman and CEO of Saudi Basic Industries Corporation (SABIC) as an Honorary Fellow of the London Business School (LBS). The award was made at the school’s annual Summer Congregation ceremony for graduates and award recipients in London. The award was made recognizing Al-Mady as an individuals who had attained outstanding distinction in business, commerce or public affairs.
“I am honored, privileged and grateful to accept Honorary Fellowship of the renowned and world-class London Business School,” said Al-Mady on receiving the sole Honorary Fellowship from Prof. Nirmalya Kumar - head of marketing at the school - during the presentation of MBAs and other honors at the LBS on Friday afternoon.
Al-Mady said that SABIC and the London Business School shared many values in common. He listed shared visions to be global leaders in our respective fields; functioning as learning organizations, promoting teamwork and innovative research and to achieving excellence in all we set out to do.
“I wish all of today’s recipients of awards and degrees great success,” he said. “Many will play important roles in the world’s quest for just and peaceful resolution of the problems that face us all. Many will contribute to the continuing growth of world trade thereby helping to increase the quality of life for humanity.” Al-Mady thanked all at the London Business School for what he thought was a great honor and pass on his heartfelt wishes for their continued success.
The LBS is one of the world’s preeminent business schools, attracts over 1,100 students a year and has more than 26,000 alumni in 120 countries. Other Honorary Fellows of the London Business School include amongst others, Samuel J. Palmisano, chairman and CEO of IBM; Peter Brabeck-Letmathe, CEO of Nestlé; Sir John Bond, former chairman of HSBC and currently chairman of Vodafone and Sir Christopher Gent, chairman of GlaxoSmithKline.
The London Business School is consistently ranked as one of the top business schools in the world, and is committed to becoming the pre-eminent global business school. Since 2004, the Financial Times has annually ranked London Business School as one of the two top business schools in Europe.
