What we aim to achieve

We strive to achieve sustainable growth through the daily creation of economic value while making a positive impact on our people and the environment in which we operate. In short, we aim to invest responsibly.

We believe sustainable business practices that tackle local and global socio-economic challenges not only serve the community but can also enhance returns. Today, the management of over a quarter of the world’s assets is taking into consideration environmental, social, and governance (ESG) factors that can materially affect a company’s performance and market value (McKinsey)* Furthermore, we believe the moral case to invest in sustainable businesses is even stronger for family-owned corporations as the importance of a company’s sustainability can help to favor more long-term perspectives.

How is our ambition and commitments

Ambition

Investing for Sustainable Impact.

VISION

To be recognized as the premier investor and partner for building great sustainable businesses in Saudi Arabia and the MENA region.

MISSION

To accelerate the sustainable growth of all our businesses.

Culture

To create value every day; and promise each year to be better than the year before

  • Passion:We take deep personal interest to act purposefully to achieve excellence and success.
  • Excellence:We continuously strive to exceed expectations as a habit to achieve the best possible results.
  • Respect:We respect all of our stakeholders and we respect our environment.
  • Fun:We bring fun into our corporate environment, recognize efforts and celebrate achievements.
  • Openness:We are open to ideas and diversity; we believe that transparency is essential in every aspect of business.
  • Reliability:We do what we say, we deliver on our promises.
  • Meaning:We engage in activities that provide value to the society and the environment at large.
The overall drivers

Why the business case – the overall drivers

  • Sustainability threats have global and local impact
  • Subsidiaries' sector contribute to the sustainability challenges
  • The Saudi move towards sustainability
  • The moral case

Why the business case – the benefits

  • Supporting national plans (Vision 2030) and contributing to local communities’ development
  • Increasing access to investment opportunities
  • Creating superior financial value
  • Improving brand equity and reputation
  • Enhancing compliance and risk management

How our sustainability ambition and commitments

SUSTAINABLE INVESTMENT

SUSTAINABLE INVESTMENT

We are committed to creating sustainable value for all stakeholders. Our first step toward honoring this commitment is developing the Company’s sustainable investment policy and strategy in line with global best practices and Alturki’s values.

Corporate Governance and Management

Corporate Governance and Management

We adopt strong corporate governance practices to improve our decision-making process towards creating sustainable value for stakeholders, improving compliance and risk management, and instilling a culture of accountability and transparency.

OPERATIONAL EXCELLENCE

OPERATIONAL EXCELLENCE

We promote a performance culture based on passion, excellence, reliability, fun, openness and respect.

CUSTOMER SERVICE

CUSTOMER SERVICE

We maintain communication with our customers to address their priorities. We collaborate with them to foster innovation, efficiency, high quality standards and timely delivery.

OUR PEOPLE

OUR PEOPLE

We invest in responsible, professional and competent people. We attract and develop talent, build an open and respectful work environment, promote employee wellbeing and manage occupational health and safety risks.

SUPPLY CHAIN

SUPPLY CHAIN

We collaborate with our suppliers to achieve mutual sustainability through localization and ethical standards.

ENVIRONMENTAL IMPACT

ENVIRONMENTAL IMPACT

We manage our environmental impact across the value chain and seek to achieve efficient use of natural resources, reduce emissions and waste, and promote higher environmental awareness.

FINANCIAL PERFORMANCE

FINANCIAL PERFORMANCE

We maintain stable and profitable financial performance with low leverage.

1970
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2000
2010
1977

 

Founded Dhahran Ahliyya Schools (DAS) as a not-for-profit organization dedicated to providing excellence in education in Arabic and English. While serving the local population of the Khobar/Dammam/ Dhahran area, the school also aims at developing best practices, materials, and educators that will contribute to the development of Arab education on a wider scale.

1982

 

Began service as Trustee at Middlebury College in Vermont, USA. Launched and supported the establishment of a center for teaching Arabic language within the Language Department.

1991

 

Founded the Educational Book House as a not-for-profit project of publishing books in Arabic about teaching and education and providing training to contribute to the renewal of Arab education.

1995

 

Began service as Chairman of the Advisory Council at the Center for Middle Eastern Studies at Harvard University, USA. The Center seeks to foster knowledge of Middle Eastern and Islamic societies and cultures worldwide, not only for its scholarly value but also for its potential in addressing the region's long-standing economic, political and other challenges.

2000

 

A founding member of the Arab Thought Foundation in Beirut; with a goal to unite intellectual and cultural efforts that seek Arab nations’ solidarity, renaissance and conservation of its values.

2001

 

Began service as Chairman of the Board of Directors at the Center for the Rehabilitation of the Handicapped in Dammam, Saudi Arabia.

2003

 

Opened the King Hussein Science Garden in Jordan by partnering with the Jubilee Center for Excellence in Education / King Hussein Foundation. The Garden is a pioneering national project that allows children to observe and experiment the practical applications of complex theoretical concepts in physics, chemistry, math, information technology and other subjects. These applications are simplified and exhibited in friendly outdoor experiments that clarify these concepts, and help school children to bridge the gap between theory and field application.

2007

 

Joined Board of Trustees of the Arab Forum for Environment and Development (AFED), a not-for-profit independent international organization, grouping experts together with the civil society, business community, and media to advance prudent environmental policies and action in the Arab countries.

2011

 

Established CSR Department, choosing Human Development as the objective to focus our social initiatives. As a leading family-owned holding company, we are deeply committed to being an inspiring role model for responsible businesses.

Provided startup grant to facilitate Smile Train’s expansion in MENA region along with establishing a treatment program in Egypt for children with cleft palates.

2012

 

Became the 1st Arab Company to join The Boston College Center for Corporate Citizenship at Boston, USA. Membership in the Center means being part of a community of more than 400 leading corporations, all uniting rather than competing to make significant strides in the field of corporate citizenship.

Founded Endeavor KSA by partnering with Endeavor, a non-profit organization that is credited with pioneering the concept of high-impact entrepreneurship around the world. Endeavor Saudi is one of 18 Endeavor’s affiliates around the world. It selects, mentors and accelerates the best high impact entrepreneurs in Saudi Arabia.

2012

 

Endeavor, an organization that leads the global movement to select, mentor and accelerate the most capable entrepreneurs around the world. Endeavor actively supported nine entrepreneurs and contributed to the creation of 5000+ jobs across Saudi Arabia.

2013

 

Opened the Prince Saud Bin Naif Park which was designed to be a place of inspiration, providing an atmosphere of serenity and tranquility. It was also designed specifically for full accessibility for the disabled. It breaks away from traditional design to facilitate education and learning while promoting individual and collective initiatives that are based on nurturing a culture of development and sustainability.

2014

 

Launched Alturki CSR website as a tool of engagement with our communities.

2016

 

Smile Train is an international children’s charity with a sustainable approach to a single, solvable problem: cleft lip and palate. For 21 years, Smile Train has provided safe and high-quality cleft care for more than 1.5 million children around the world completely free of charge.


Alturki supports Smile Train in the Middle East (Afghanistan, Egypt, Pakistan and the Palestinian Territories). In 2019 our support helped Smile Train perform more than 600 surgeries.

2017

 

Youth-In was launched in March 2017 as a community initiative aim of raising the productivity of our youth and enhancing their social and economic role. Youth In has three strategic objectives:

  • Promoting and developing research and knowledge in the field of professional youth work.
  • Working on the professional development of youth.
  • Establishing a vibrant professional community of people to work with the youth.
2017

 

We provide financial support for the Saudi Food Bank, a non-profit organization that was founded by a group of private sector leaders in the Eastern Province with the goal of decreasing food waste and building community awareness around this concept.

2017

 

The program promotes artistic expression and provides local artists with an opportunity to showcase their talents and present work that celebrates the heritage of Saudi Arabia.

2018

 

Alturki Holding supports SPSP, which was established to meet the needs of the Petroleum Services Industry and to support the Saudization process in the Kingdom of Saudi Arabia. It was founded by the Ministry of Energy, Industry and Mineral Resources, the Technical and Vocational Training Corporation, Saudi Arabian Chevron, Saudi Aramco, and Aramco Gulf Operations Company.

The Petroleum Services Industry consists of several contracting companies that service oil exploration, drilling, and production facilities in oil fields throughout the Kingdom of Saudi Arabia. These contractors work with major oil companies, such as Saudi Aramco, Saudi Arabian Chevron, AGOC, and others to explore new fields, develop others, and utilize the latest technology to extract oil and gas from the most challenging strata.

The industry is heavily dependent on expatriate workers, and therefore offers a significant source of jobs for well-trained and qualified young Saudis.

2018

 

Al-Nahda is a non-profit organization dedicated to empowering women socially and economically through numerous projects and programs. It began as a volunteer effort, and with time has developed into a charitable institution committed to women›s social and cultural growth.

2018

 

Through our subsidiary, Samara, we provide specialized cars to cater to the needs of people with physical disabilities; these vehicles were all fully booked for the year. We do not make a profit out of this service and look to increase the volume of these cars to serve a larger number of deserving customers.

2018

 

Alturki supports Education for Employment (EFE), a network of locally- run, not-for-profit organizations that provide young people in the Middle East and North Africa (MENA) with the instruments to start a job, become entrepreneurs, build their future and give back to their communities.

EFE-Saudi Arabia publicly launched in 2017 to provide underprivileged and unemployed young Saudi women and men with demand-driven training directly linked to economic opportunities. Its establishment was guided by a private-sector advisory committee.

2019

 

In line with its commitment to quality education, Alturki supports the Numou Center for Education. It provides training courses for teachers at Dhahran Ahliyya School as well as the Misk School, Advanced Learning Schools and the Mubaraka Foundation.

The vision of Numou Center for Education is to provide innovative, best- in-class services and products that harness the latest methodologies and technologies to enhance learning locally and regionally.

2019

 

Alturki provides financial support to the Taafee Charitable Society. The society works under the umbrella of the Ministry of Human Resources and Social Development and is the only organization in the Eastern Region that provides care and rehabilitation for people recovering from substance abuse as well as financial support for their families.

2019

 

Alturki allocated part of its CSR budget to support the Palestine Association for Children’s Encouragement of Sports (PACES). PACES is a UK-based charity established in 2006, with the aim of providing healthy, structured after-school sports programs for Palestinian girls and boys aged 8-16 years who live in refugee camps and marginalized areas in Palestine, Jordan and Lebanon.

2019

 

The Kingdom of Saudi Arabia, represented by the General Directorate of Civil Defense, along with its counterparts from the member states of the International Civil Defense Organization, annually celebrate the International Day of Civil Defense. In 2019 the day was celebrated under the slogan: Safety First. Alturki supported the event in order to activate the public celebration and consolidate the concept of preventive awareness among community members and preventive safety requirements from fire and hazards.

2019

 

In cooperation with Dr. Basma Al-Enezi, a specialist in molecular medicine and breast cancer research, Alturki hosted a convention to raise awareness about breast cancer and the importance of early detection.

2019

 

Alturki supported the Girls' Development and Rehabilitation Association (Afoq) to implement the Teacher Qualification Program (Khatta). The training program contributes to increasing job opportunities by qualifying recent female graduates to lead the educational process in private sector schools by providing them with a series of training courses and workshops.

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