Saudi management company SEDCO Holding has started its corporate social responsibility program - Riyali. The program adresses the educational needs of the Saudi population in terms of financial literacy and aims to give people the financial skills to achieve a desirable standard of living. In the first phase of this program students will be the subjects.
SEDCO Holding plans to expand its investments in the Kingdom market. Dr. Adnan Soufi, CEO of SEDCO Holding, stated that SEDCO is looking for investments of above USD 20 million that give control or significant minority rights with the ability to influence the decision-making process through board participation.
He added that SEDCO's immediate focus for acquisitions would be in the Kingdom, preferably in defense and healthcare sectors.