A Targeted Industry Approach for Raising Quality Private-Sector Employment in Saudi Arabia for More Information on This Publication, Visit

Total Page:16

File Type:pdf, Size:1020Kb

A Targeted Industry Approach for Raising Quality Private-Sector Employment in Saudi Arabia for More Information on This Publication, Visit C O R P O R A T I O N SHANTHI NATARAJ, HOWARD J. SHATZ, LOUAY CONSTANT, MATTHEW SARGENT, SEAN MCKENNA, YOUSUF ABDELFATAH, FLORENTINE ELOUNDOU NEKOUL, NATHAN VEST, THE DECISION SUPPORT CENTER A Targeted Industry Approach for Raising Quality Private-Sector Employment in Saudi Arabia For more information on this publication, visit www.rand.org/t/RRA536-1. About RAND The RAND Corporation is a research organization that develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous. RAND is nonprofit, nonpartisan, and committed to the public interest. To learn more about RAND, visit www.rand.org. Research Integrity Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles. RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. Published by the RAND Corporation, Santa Monica, Calif. © 2021 RAND Corporation is a registered trademark. Library of Congress Cataloging-in-Publication Data is available for this publication. ISBN: 978-1-9774-0584-5 Cover composite design: Rick Penn-Kraus Images: Dusan Petkovic/Shutterstock (food), shaadjutt/Getty Images/iStockphoto (flag) Limited Print and Electronic Distribution Rights This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited. Permission is given to duplicate this document for personal use only, as long as it is unaltered and complete. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial use. For information on reprint and linking permissions, please visit www.rand.org/pubs/permissions. Preface The Kingdom of Saudi Arabia is striving to develop its private sector and generate quality employment for Saudi citizens. Quality employment means more than just a private-sector job; it includes a decent salary and benefits, training opportunities, and opportunities to advance in a career. Many of Saudi Arabia’s efforts to develop its private sector, before and after the issuance of Vision 2030 in 2016, have focused on upgrading the skills and education of Saudis and on legal reforms to improve the business environment. This report takes a third approach, focusing on the development of a specific industry: food manufactur- ing. In September 2018, researchers from the Decision Support Center of the Royal Court and from the RAND Corporation set out to explore how Saudi Arabia has developed industries successfully in the past and how it could develop a target industry that can provide quality private- sector employment. Ideally, the findings based on researching a spe- cific industry can be applied to other industries, especially those high- lighted in Vision 2030, and the economy as a whole. This study was undertaken by RAND Education and Labor, a division of the RAND Corporation that conducts research on early childhood through postsecondary education programs, workforce development, and programs and policies affecting workers, entrepre- neurship, and financial literacy and decisionmaking. This study was sponsored by the Decision Support Center of the Royal Court, King- dom of Saudi Arabia, which seeks to support decisionmaking in the Kingdom of Saudi Arabia and enhance its efficiency by implementing research and studies based on extensive data and by monitoring and analyzing current or future topics and events that may influence the iii iv Raising Quality Private-Sector Employment in Saudi Arabia country. The primary audience for this report is policymakers in Saudi Arabia who are working to reform and advance Saudi Arabia’s econ- omy. This report will also be of interest to all Saudi citizens; research- ers, analysts, and policymakers in the Middle East, given the impor- tance of Saudi Arabia to the region; and anyone interested in economic reform and private-sector development. More information about RAND can be found at www.rand.org. Questions about this report should be directed to Howard J. Shatz at [email protected], and questions about RAND Education and Labor should be directed to [email protected]. Contents Preface ............................................................................. iii Figures, Tables, and Boxes ..................................................... ix Summary .......................................................................... xi Acknowledgments .............................................................. xxi Abbreviations .................................................................. xxiii CHAPTER ONE The Challenge of Creating Quality Private-Sector Employment Opportunities ................................................................ 1 Taking an Industry Approach .................................................... 5 Methods and Data Sources ....................................................... 8 Organization of This Report ....................................................14 CHAPTER TWO Saudi Government Reforms for Private-Sector Development ...........15 Labor Force Participation and Saudization of the Private Sector ...........15 Training and Skills Development Programs ..................................17 Reforms Targeting Working Conditions and Labor Market Flexibility ....18 Reforms Targeting the Business Environment ................................19 Policies Toward Expatriate Workers ........................................... 22 Conclusion .........................................................................25 CHAPTER THREE Overview of Employment Trends ............................................ 27 Saudi Firms Rely on Expatriate Labor ......................................... 28 The Proportion of Saudis Who Participate in the Labor Market Is Low but Increasing .................................................................29 v vi Raising Quality Private-Sector Employment in Saudi Arabia Many Saudis Who Enter the Labor Market—Especially Saudi Women—Find It Challenging to Get Jobs ...............................33 Saudis Who Do Find Jobs Are Concentrated in the Public Sector and in Certain Private-Sector Industries .......................................37 Summary ...........................................................................39 CHAPTER FOUR The Development of Successful Industries in Saudi Arabia .............41 Selection of Comparison Industries .............................................41 Saudization in the Financial Service Activities (Banking) Industry ....... 44 Saudization in the Telecommunications Industry ............................49 Implications for Other Industries .............................................. 56 CHAPTER FIVE Profile and Challenges of the Food Manufacturing Industry ...........59 Selection of Food Manufacturing as the Candidate Industry ...............59 Food Manufacturing in the Economy ..........................................63 Food Manufacturing in Policy, Reforms, and Recent Documents .........72 Saudization in the Food Manufacturing Industry ........................... 77 Potential Evolution of the Food Manufacturing Industry ...................83 Implications for Other Industries .............................................. 86 CHAPTER SIX A Case Study of Switzerland’s Food Manufacturing Industry ..........89 Selecting the Case-Study Country ..............................................89 Overview of Manufacturing in Switzerland .................................. 90 The Food Manufacturing Industry in Switzerland .......................... 92 Policies That Have Fostered Growth .......................................... 97 Conclusions ...................................................................... 106 CHAPTER SEVEN Saudi Views of Working in the Private Sector and Employer Perspectives ................................................................ 111 Saudi Perceptions and Expectations Toward Work ........................ 112 Employers’ Views ................................................................ 123 Summary ......................................................................... 127 Contents vii CHAPTER EIGHT Policies for Developing the Food Manufacturing Industry and Creating Quality Private-Sector Jobs ................................. 131 Overcoming Challenges of Industry Characteristics ....................... 135 Bringing Capital into the Equation ........................................... 136 Changing Jobs into Careers .................................................... 138 Moving Saudis into Food Manufacturing Industry Jobs ................... 141 Training for Quality Employment
Recommended publications
  • Impact of International Law on the Application of Islamic Law in Saudi Arabia
    Hamzah, Dawood Adesola (2015) Impact of international law on the application of Islamic law in Saudi Arabia. PhD Thesis. SOAS, University of London http://eprints.soas.ac.uk/18432 Copyright © and Moral Rights for this thesis are retained by the author and/or other copyright owners. A copy can be downloaded for personal non‐commercial research or study, without prior permission or charge. This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder/s. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders. When referring to this thesis, full bibliographic details including the author, title, awarding institution and date of the thesis must be given e.g. AUTHOR (year of submission) "Full thesis title", name of the School or Department, PhD Thesis, pagination. Impact of International Law on the Application of Islamic Law in Saudi Arabia Dawood Adesola Hamzah Thesis Submitted for the Degree of PhD 2015 Department of Law School of Oriental and African Studies University of London Declaration for PhD Thesis I have read and understood regulation 17.9 of the Regulation for student of the SOAS, University of London concerning plagiarism. I undertake that all the material presented for examination is my own work and has not been written for me, in whole or in part, by any other person. I also undertake that any quotation or paraphrase from the published or unpublished work of another person has been duly acknowledged in the work which I present for examination.
    [Show full text]
  • Possibilities of a Strategic Relationship Between Russia and Saudi Arabia
    POLICY BRIEF Possibilities of a Strategic Relationship Between Russia and Saudi Arabia GRIGORY KOSACH Professor at the Chair of Modern East, Department of History, Political Science and Law, Russian State University for the Humanities ELENA MELKUMYAN Leading research fellow at the Modern East Shared Problems Research Center, RAS Institute of Oriental Studies, Professor at the Chair of Modern East, Department of History, Political Science and Law, Russian State University for the Humanities No. 6, August 2016 1 BOARD OF TRUSTEES PRESIDIUM Sergey Lavrov – Chairman Mikhail Margelov Petr Aven of the Board of Trustees Yury Osipov Igor Ivanov – RIAC President Sergey Prikhodko Andrey Kortunov – RIAC Director General Herman Gref Anatoly Torkunov Fyodor Lukyanov Aleksandr Dzasokhov Andrey Fursenko Aleksey Meshkov Leonid Drachevsky Aleksandr Shokhin Dmitry Peskov Aleksandr Dynkin Igor Yurgens Mikhail Komissar Konstantin Kosachev Editors-in-Chief: Timur Makhmutov, PhD, political science Ruslan Mamedov The Russian International Aff airs Council (RIAC) is a membership-based non-profi t Russian organiza- tion. RIAC’s activities are aimed at strengthening peace, friendship and solidarity between peoples, preventing international confl icts and promoting crisis resolution. The Council was founded in accor- dance with Russian Presidential Order No. 59-rp “On the Creation of the Russian International Aff airs Council non-profi t partnership”, dated February 2, 2010. Founders: Ministry of Foreign Aff airs of the Russian Federation Ministry of Education and Science of the Russian Federation Russian Academy of Sciences Russian Union of Industrialists and Entrepreneurs Interfax news agency RIAC Mission: The RIAC mission is to promote Russia’s prosperity by integrating it into the global world.
    [Show full text]
  • UNEMPLOYMENT in SAUDI ARABIA: ASSESSMENT of the SAUDIZATION PROGRAM and the IMPERATIVES LEADING to YOUTH UNEMPLOYMENT a Thesis Submitted By
    The American University in Cairo School of Global Affairs and Public Policy UNEMPLOYMENT IN SAUDI ARABIA: ASSESSMENT OF THE SAUDIZATION PROGRAM AND THE IMPERATIVES LEADING TO YOUTH UNEMPLOYMENT A Thesis Submitted to the Department of Public Policy and Administration in partial fulfillment of the requirements for the Degree of Masters in Public Policy and Administration By Saud Abdulaziz Kabli Under the Supervision of Dr. Hamid Ali December 2014 The American University in Cairo School of Global Affairs and Public Policy UNEMPLOYMENT IN SAUDI ARABIA: ASSESSMENT OF THE SAUDIZATION PROGRAM AND THE IMPERATIVES LEADING TO YOUTH UNEMPLOYMENT A Thesis Submitted by Saud Abdulaziz Kabli to the Department of Public Policy and Administration November 2014 in partial fulfillment of the requirements for the Degree of Masters in Public Policy and Administration has been approved by the Committee composed of Professor Hamid Ali _______________________________ Thesis Supervisor American University in Cairo Date ____________________ Professor Bahgat Korany _______________________________ Thesis First Reader American University in Cairo Date ____________________ Professor Ghada Barsoum_______________________________ Thesis Second Reader American University in Cairo Date ___________________ Professor Hamid Ali___________________________________ Public Policy and Administration Department Chair Date ____________________ Ambassador Nabil Fahmy _______________________________ Dean of GAPP Date ____________________ ii Acknowledgement I am extremely grateful to my supervisor Prof. Hamid Ali, Associate Professor and Chair of the Department of Public Policy and Administration, for the support and guidance he has provided me throughout the course of my thesis research. I am grateful as well to my thesis readers, Prof. Bahgat Korany, Professor in the Department of Political Science and the Director of the AUC Forum, and Prof.
    [Show full text]
  • The Rise of the New Global Elite
    The Rise of the New Global Elite F. Scott Fitzgerald was right when he declared the rich different from you and me. But today’s super-rich are also different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity—and the countrymen they are leaving ever further behind. By Chrystia Freeland http://www.theatlantic.com/magazine/archive/2011/01/the-rise-of-the-new-global-elite/8343/1/ IMAGE CREDIT: STEPHEN WEBSTER/WONDERFUL MACHINE IF YOU HAPPENED to be watching NBC on the first Sunday morning in August last summer, you would have seen something curious. There, on the set of Meet the Press, the host, David Gregory, was interviewing a guest who made a forceful case that the U.S. economy had become “very distorted.” In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a “significant recovery”; the rest of the economy, by contrast—including small businesses and “a very significant amount of the labor force”—was stuck and still struggling. What we were seeing, he argued, was not a single economy at all, but rather “fundamentally two separate types of economy,” increasingly distinct and divergent. This diagnosis, though alarming, was hardly unique: drawing attention to the divide between the wealthy and everyone else has long been standard fare on the left. (The idea of “two Americas” was a central theme of John Edwards’s 2004 and 2008 presidential runs.) What made the argument striking in this instance was that it was being offered by none other than the former five-term Federal Reserve Chairman Alan Greenspan: iconic libertarian, preeminent defender of the free market, and (at least until recently) the nation’s foremost devotee of Ayn Rand.
    [Show full text]
  • CURRICULUM VITAE John William Mcarthur Brookings Institution Global Economy and Development Program 1775 Massachusetts Ave NW Wa
    CURRICULUM VITAE John William McArthur Brookings Institution Global Economy and Development Program 1775 Massachusetts Ave NW Washington, DC 20036 USA t: +1-202-797-6029 e: [email protected] CITIZENSHIP Canada EDUCATION 2009 University of Oxford Doctor of Philosophy in Economics 2000 University of Oxford Master of Philosophy in Economics 1998 Harvard University, John F. Kennedy School of Government Master of Public Policy with concentration in International Trade and Finance 1996 University of British Columbia Bachelor of Arts (1st Class Honours) in Political Science with International Relations PROFESSIONAL APPOINTMENTS 2012 - The Brookings Institution Inaugural Director, Center for Sustainable Development (2020 - ) Senior Fellow, Global Economy and Development (2014 - ) Visiting Fellow, Global Economy and Development (2013 - 2014) Nonresident Senior Fellow, Global Economy and Development (2012 - 2013) 2012 - United Nations Foundation Senior Advisor on Sustainable Development (2016 - ) Senior Fellow (2012 – 2015) 2012 - 2014 Fung Global Institute (Hong Kong) Senior Fellow (2013 - 2014) Senior Advisor (Fall 2012) 2008 - 2011 Millennium Promise Alliance Chief Executive Officer 1 2008 - 2011 Columbia University, School of International and Public Affairs Adjunct Associate Professor (Fall 2011) Adjunct Assistant Professor (Spring 2008 - Spring 2011) 2002 - 2011 Earth Institute at Columbia University Senior Advisor to the Director (2008-2011) Policy Director (2006-2008) Associate Director (2002-2005) 2007 United Nations Development
    [Show full text]
  • Almarai Company a Saudi Joint Stock Company the Interim
    ALMARAI COMPANY A SAUDI JOINT STOCK COMPANY THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND LIMITED REVIEW REPORT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2011 ALMARAI COMPANY A SAUDI JOINT STOCK COMPANY INDEX PAGES LIMITED REVIEW REPORT 1 INTERIM CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2011 (UNAUDITED) 2 INTERIM CONSOLIDATED STATEMENT OF INCOME FOR THE THREE AND NINE MONTH PERIODS ENDED 30 SEPTEMBER 2011 (UNAUDITED) 3 INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2011 (UNAUDITED) 4 INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2011 (UNAUDITED) 5 NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2011 (UNAUDITED) 6 - 18 ALMARAI COMPANY A SAUDI JOINT STOCK COMPANY INTERIM CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2011 30 September 31 December 30 September 2011 2010 2010 Notes (Unaudited) (Audited) (Unaudited) SAR '000 SAR '000 SAR '000 ASSETS Current Assets Cash and Cash Equivalents 162,010 240,750 353,642 Derivative Financial Instruments 1,087 6,529 37,176 Receivables and Prepayments 807,598 613,756 731,192 Inventories 1,607,798 1,299,337 1,213,795 Total Current Assets 2,578,493 2,160,372 2,335,805 Non Current Assets Investments and Financial Assets 4 890,928 957,683 941,502 Property, Plant and Equipment 9,577,299 7,866,639 7,389,139 Biological Assets 803,795 769,505 751,885 Intangible Assets - Goodwill 793,468 793,468 793,468 D eferred Charges 38,295 23,550 25,609 Total Non Current Assets 12,103,785
    [Show full text]
  • Saudi Arabia.Pdf
    A saudi man with his horse Performance of Al Ardha, the Saudi national dance in Riyadh Flickr / Charles Roffey Flickr / Abraham Puthoor SAUDI ARABIA Dec. 2019 Table of Contents Chapter 1 | Geography . 6 Introduction . 6 Geographical Divisions . 7 Asir, the Southern Region � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �7 Rub al-Khali and the Southern Region � � � � � � � � � � � � � � � � � � � � � � � � � �8 Hejaz, the Western Region � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �8 Nejd, the Central Region � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �9 The Eastern Region � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �9 Topographical Divisions . .. 9 Deserts and Mountains � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �9 Climate . .. 10 Bodies of Water . 11 Red Sea � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 11 Persian Gulf � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 11 Wadis � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 11 Major Cities . 12 Riyadh � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �12 Jeddah � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �13 Mecca � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
    [Show full text]
  • Table of Contents
    KUWAIT COUNTRY READER TABLE OF CONTENTS Harrison M. Symmes 1953-1955 Principal Officer, Kuwait City William A. Stoltzfus, Jr. 1954-1956 Vice Consul, Kuwait City William D. Brewer 1955-1957 Principal Officer, Kuwait City Talcott W. Seelye 1956-1960 Consular-Economic Officer, Kuwait City Joan Seelye 1956-1960 Spouse of Consular-Economic Officer, Kuwait City James A. Placke 1959-1961 Economic Officer, Baghdad, Iraq Dayton S. Mak 1961-1963 Charge d’ Affaires, Kuwait City Nicholas Shapiro Lakas 1962-1964 Economic Officer, Kuwait City William A. Stoltzfus, Jr. 1963 Charge d’ Affaires, Kuwait City Charles O. Cecil 1966-1968 Rotation Officer, Kuwait City James A. Placke 1966-1969 Economic Officer, Kuwait City William D. Wolle 1968-1970 Deputy Chief of Mission, Kuwait City George Quincey Lumsden 1969-1972 Economic Officer, Kuwait City 1972-1974 Desk Officer, Kuwait, Bahrain, Qatar, UAE, Washington, DC Walter M. McClelland 1970-1974 Deputy Chief Of Mission, Kuwait City François M. Dickman 1972-1976 State Department, Arabian Peninsula Desk, Washington, DC Richard W. Bogosian 1972-1976 Economic Officer, Kuwait City William A. Stoltzfus, Jr. 1972-1976 Ambassador, Kuwait Richard E. Undeland 1974-1975 Public Affairs Officer, USIS, Kuwait City 1 Frank E. Maestrone 1976-1979 Ambassador, Kuwait Richard C. Howland 1978 Office of the Inspector General, Washington, DC François M. Dickman 1979-1983 Ambassador, Kuwait Brooks Wrampelmeier 1980-1982 Deputy Chief Of Mission, Kuwait City James Larocco 1981-1983 Economic Officer, Kuwait City Anthony Quainton 1984-1987 Ambassador, Kuwait Kenneth A. Stammerman 1987-1989 Economic Counselor, Kuwait City 1989-1992 Consul General, Dhahran, Saudi Arabia Douglas R.
    [Show full text]
  • Saudi Dairy Farm Buys 30.000 Acres of Prime Land in Argentina
    Montevideo, July 23rd 2013 - 21:00 UTC Log In Regist er no w! CURRENT EDITION TOPICS REGIONS NEWS ARCHIVE Search... Monday, January 2nd 2012 - 06:21 UTC Saudi dairy farm buys 30.000 acres of prime land in Argentina Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for 83 million dollars to secure access to a supply of animal feed. The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland just ahead of tough new limits to be imposed by Argentina's government on foreign ownership of productive land. 0 Tweet 14 Recommend 13 Send Print Share Comment Almarai said the deal is in line with Saudi’s policy of “securing supplies and conserving local resources”. In spite of its scorching desert climate, Saudi Arabia for decades produced millions of tons of home grown wheat with the help of generous farm MercoPress — Sout h At lant ic News Agency subsidies. It is now trying to wind down domestic production because of Like concern over dwindling water supplies. 5,237 people like MercoPress — South Atlantic News Agency Saudi dairy farms in their artificial environment Fondomonte operates three farms in Argentina dedicated to producing corn and soybeans, according to Almarai. According to the Fondomonte website Face bo o k s o cial plugin it also grows barley, rice and sorghum. Almarai plans to use the crops to feed chickens and cattle. The Saudi purchase was announced as Argentina's Senate approved strict new limits on foreign land ownership, MOST COMMENTED MOST VIEWED designed to protect the country’s food resources.
    [Show full text]
  • Capital Markets Day 2020 Presentation
    Etisalat Group February 19st, 2020 Capital Jumeirah Saadiyat, Abu Dhabi Markets 2020 Day DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estimates, or other information contained in this Presentation. The information contained in this Presentation is an overview, and should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Where this Presentation contains summaries of documents, those summaries should not be relied upon and the actual documentation must be referred to for its full effect. This Presentation includes certain “forward-looking statements”. Such forward looking statements are not guarantees of future performance and involve risks of uncertainties. Actual results may differ materially from these forward looking statements. Business Overview Saleh Al-Abdooli Chief Executive Officer Etisalat Group Etisalat Group Serkan Okandan Financial Results Chief Financial Officer Etisalat Group Etisalat Group Hatem Dowidar International Chief Executive Officer
    [Show full text]
  • 01-English Annual Report-V19.Indd
    Annual Report 2012 Custodian of The Two Holy Mosques King Abdullah Bin Abdulaziz Al - Saud His Royal Highness Prince Salman bin Abdulaziz Al-Saud Crown Prince & First Deputy Prime Minister & Minister of Defense Contents Background & Introduction 01 Favourable Outlook for Future Growth 02 Our Vision, Mission and Objectives 03 Board of Directors and Executive Management 04 Financial Highlights 06 Milestones in Mobily’s History 07 Chairman’s Report 09 Managing Director’s Review 12 Management Review 15 Operations & Technology 16 Strategic Innovation 18 Customers 19 Sales & Marketing 20 Human Resource 21 Financial 22 Awards 23 Risk Management 24 CSR 24 Corporate Information 25 Financial Statements’ Index 26 Auditors’ Report 27 Consolidated Balance Sheet 28 Consolidated Statement of Income 29 Consolidated Statement of Cash Flows 30 Consolidated Statement of Changes in Shareholders’ Equity 31 Notes to the Consolidated Financial Statements 32 Background and introduction Etihad Etisalat Company (Mobily), is a Saudi joint stock Limited, incorporated in Bangalore, India, which began company, incorporated pursuant to the Council of Ministers’ commercial activities during 2008. In early 2009, the resolution number 189 of August 10, 2004 and Royal Decree remaining 0.01 percent of the subsidiary’s share capital number M/40 dated August 18, 2004. Mobily is registered in was acquired by National Company for Business Solutions, Riyadh under commercial registration number 1010203896 a subsidiary company. dated December 14, 2004. During 2008, the Company acquired 99 percent of The Company is the second authorised provider of mobile the partners’ shares in Bayanat Al-Oula for Network telecommunication services in Saudi Arabia, having begun Services Company, a Saudi limited liability company.
    [Show full text]
  • Security Council Distr.: General 27 January 2020
    United Nations S/2020/70 Security Council Distr.: General 27 January 2020 Original: English Letter dated 27 January 2020 from the Panel of Experts on Yemen addressed to the President of the Security Council The members of the Panel of Experts on Yemen have the honour to transmit herewith the final report of the Panel, prepared in accordance with paragraph 6 of resolution 2456 (2019). The report was provided to the Security Council Committee established pursuant to resolution 2140 (2014) on 27 December 2019 and was considered by the Committee on 10 January 2020. We would appreciate it if the present letter and the report were brought to the attention of the members of the Security Council and issued as a document of the Council. (Signed) Dakshinie Ruwanthika Gunaratne Coordinator Panel of Experts on Yemen (Signed) Ahmed Himmiche Expert (Signed) Henry Thompson Expert (Signed) Marie-Louise Tougas Expert (Signed) Wolf-Christian Paes Expert 19-22391 (E) 070220 *1922391* S/2020/70 Final report of the Panel of Experts on Yemen Summary After more than five years of conflict, the humanitarian crisis in Yemen continues. The country’s many conflicts are interconnected and can no longer be separated by clear divisions between external and internal actors and events. Throughout 2019, the Houthis and the Government of Yemen made little headway towards either a political settlement or a conclusive military victory. In a continuation from 2018, the belligerents continued to practice economic warfare: using economic obstruction and financial tools as weapons to starve opponents of funds or materials. Profiteering from the conflict is endemic.
    [Show full text]