Minister commends KHC Saudisation efforts
Riyadh, February 27, 2008
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC) held discussions with Saudi Minister of Labor Dr Ghazi Abdulrahman Algosaibi on the company's incorporation of Saudi women into the work force.
Prince Alwaleed received the minister at his office in Riyadh along with Dr Ali bin Nasser Al-Ghafis, governor of the general organization for technical education and vocational training and Muna AbuSulayman executive director of Kingdom Foundation.
The discussion centred around the local and economic issues besides the developments in the labor sector.
The members also discussed the Saudization scheme and how the companies were increasingly recruiting more Saudis into the workforce. The minister also lauded the continuous efforts made by KHC in this regard.
Alwaleed explained that the 72 per cent of KHC members were of Saudi nationality, of which 64 per cent were women.
Dr Algosaibi commended Prince Alwaleed and KHC for positively incorporating Saudi women into the company especially in key positions and wished the company further success for the future.
In response, the Prince said that his support and encouragement of Saudi women stems from the fact that 'women's active role is required for the economic and social advancement of Saudi Arabia.'
After the meeting, Dr Algosaibi toured KHC premises and visited various departments. The labor minister also met members of each department to find out more about their specific roles within the company and to discuss issues related to developments in the labor related sector.-TradeArabia News Service