The GCC Board Directors Institute launches its new Jeddah Chapter in partnership with SEDCO Holding
The SEDCO Holding-backed initiative aims to promote corporate governance in line with Vision 2030
Jeddah,: Gulf Tech News
The GCC Board Directors Institute (GCC BDI), the leading institute for governance and leadership, has launched its new chapter in Jeddah, Saudi Arabia. This strategic expansion, supported by an exclusive sponsorship from SEDCO Holding aims to elevate corporate governance standards and drive leadership in Saudi Arabia’s business community.
The Jeddah chapter will host a series of initiatives, including several events and training programs tailored to the needs of senior executives, board members, and key decision-makers.
Topics will include enhancing board fiduciary responsibilities, strengthening committee effectiveness, and advancing Environmental, Social, and Governance (ESG) leadership, all aligned with global best practices.
“The launch of the Jeddah chapter, made possible through the invaluable support of SEDCO Holding, represents a significant milestone for GCC BDI and the broader business community in Saudi Arabia,” said Mohammed Moumena, Managing Partner at Edward W. Kelley & Partners and Chairman of the GCC BDI Jeddah Chapter Advisory Board.
“Aligned with Saudi Vision 2030, this initiative strengthens our mission to enhance corporate governance practices. By offering tailored resources, insights, and networking opportunities, we aim to empower boards and executives to lead with greater transparency and strategic impact.”
Commenting on the partnership, Rayyan Nagadi, CEO of SEDCO Holding, stated, “SEDCO Holding is happy to partner with GCC BDI in establishing this critical chapter in Jeddah.
Governance has been deeply embedded in SEDCO’s DNA and the Binmahfouz family’s legacy for decades, reflecting our belief in its importance across family businesses and corporations alike.
SEDCO prides itself on the strength of its governance and this collaboration reflects our long-standing values and commitment to equipping organizations with the tools and expertise needed to address the evolving demands of governance and leadership.”
The Jeddah chapter aims to bridge the gap between management and ownership by championing key governance principles. Through its programs, the chapter will emphasize board member development and certification, as well as the adoption of rigorous evaluation mechanisms.
John Gollifer, CEO, GCC Board Directors Institute, commented: “The launch of our Jeddah chapter marks a pivotal moment in GCC BDI’s mission to enhance corporate governance across the region.
With the unwavering support of SEDCO Holding, we are not only expanding our footprint but also reinforcing our commitment to driving impactful leadership and governance excellence in Saudi Arabia.
This initiative is aligned with the Kingdom’s Vision 2030, empowering executives and board members with the tools and knowledge necessary to navigate today’s complex business environment.
Through our tailored and certification programs, and events, we are confident that the Jeddah chapter will play a vital role in shaping the future of corporate governance and sustainable growth in the region.”[JV1]
Building on this foundation, the GCC BDI Jeddah chapter will advance governance innovation and strengthen collaboration among industry leaders.
Through opportunities for knowledge-sharing and alignment with international benchmarks, the chapter ensures Saudi Arabia’s leadership in corporate governance remains strong.
Its initiatives directly contribute to the Kingdom’s vision for sustainable economic growth in a dynamic business landscape.
About SEDCO Holding
Founded in 1976 by the late Sheikh Salem Ahmad Bin Mahfouz, SEDCO Holding is a leading Saudi investment company and one of the largest family-owned companies in the Kingdom.
SEDCO manages a diverse portfolio of strategic investments across healthcare, education, hospitality, real estate and logistics, establishing itself as a global investment expert through best governance practices. The company continues to seek investment opportunities that drive sustainable growth and benefit the Kingdom and its communities in line with the objectives of Saudi Vision 2030.
For more information, visit: www.sedco.com
About GCC Board Directors Institute
GCC BDI is supported by eight leading regional corporations and professional services firms who serve as our strategic partners: First Abu Dhabi Bank, National Bank of Bahrain, SABIC, Saudi Aramco, A&O Shearman, Heidrick & Struggles, McKinsey & Company, and PwC. GCC BDI aims to enhance board member capabilities, create a strong regional network of board members, and disseminate high-quality corporate governance knowledge. Since its founding in 2007, it has delivered over 600 programmes and forums to top-tier companies in the Gulf and now comprises over 4000 members.
As the leading organisation for board directors in the region, GCC BDI is globally recognised and the only director institute from the Gulf region admitted to the Global Network of Director Institutes (GNDI). Its mission is to strengthen corporate governance in the GCC through capability building, advocacy, and promoting sound governance practices, with a vision to be the pre-eminent institute for boards and directors in the GCC, promoting the highest professional standards of corporate governance and professional directorship.
For more information, please visit www.gccbdi.org
