IslamicFinance.de

According to a report released by MyHiringClub.com, Kuwait ranks 35th globally, Oman 37th, Bahrain 40th, UAE 42nd and Saudi Arabia 44th in a list that evaluates countries with women serving on company boards and top managerial levels. GCC economists said local business community is need of women's participation in company boardrooms. Saudi Arabia' share is 54 percent of total women labor force in the GCC region. This will allow the women to go beyond their traditional role and make remarkable progress in the area of labor, education, and socioeconomic development. The number of businesses registered for Saudi women stood at nearly 36,200 which represents 4.7 percent of total registered businesses in the Kingdom. The volume of women investments in businesses has so far reached SR 3 billion, which represents 4.3 percent of the total number of private sector companies in Saudi Arabia.