GCC BDI launches Riyadh Membership Chapter Move aimed at fostering robust professional network for GCC BDI members

Riyadh, Kingdom of Saudi Arabia – June 20, 2023 - The GCC Board Directors Institute (GCC BDI), a non-profit organisation dedicated to equipping board directors with the knowledge and resources to achieve and maintain effective corporate governance, proudly announced the launch of its Riyadh Membership Chapter on 15 June. This momentous occasion was made possible through the generous sponsorship of PwC Middle East. The establishment of the Riyadh Chapter signifies a major milestone in the Institute's dedication to cultivating strong business relationships within the Kingdom and providing a thriving professional network for its esteemed members.

The Riyadh Membership Chapter aims to provide a platform for GCC BDI members in Saudi Arabia to connect, collaborate, and expand their professional networks. By leveraging the vast knowledge and experience within the Institute, the chapter seeks to create a conducive environment that fosters engagement, knowledge sharing, and business growth within the local business community.

Mutlaq Al Morished, CEO of Tasnee and GCC BDI Governor, warmly welcomed attendees at the exclusive event, which was held exclusively for GCC BDI members. "The establishment of the Riyadh Membership Chapter reflects GCC BDI's commitment to building strong and sustainable boards and business networks in the Kingdom of Saudi Arabia," said Mutlaq Al Morished. "We firmly believe that by bringing together board directors and leaders from different industry sectors, we can unlock the immense potential of the local business community and contribute to the Kingdom's economic growth."

Jane Valls, Executive Director of GCC BDI, said: “The launch of the Riyadh Membership Chapter marks a major milestone in GCC BDI’s journey in the region. This Chapter is aimed at facilitating our mission to enhance board member capabilities, create a strong and influential local and regional network of board members, disseminate high-quality corporate governance knowledge, and leading the regional debate on emerging best governance practices. This will go a long way in creating a positive impact on the economies and societies in the region by promoting professional directorship and raising the level of board effectiveness.”

Maryam Ficociello, Group Chief Governance Officer at Red Sea Global said on behalf of His Excellency Dr. Fahad Al Toonsi, Advisor to the Saudi Royal Court: “Over the past 16 years, the GCC BDI has been instrumental in leading a transformation in the region by heightening the understanding of corporate governance and best practices for corporations. The launch of the Riyadh Membership Chapter is yet another significant step in this journey, which will not only enhance the engagement of members in the Kingdom but also promote corporate governance and sustainable development, amidst the fast-paced changes currently underway in Saudi Arabia in line with the Kingdom’s Vision 2030.”

The launch event also featured a presentation on "Building a Sustainable Future" by Dr. Shihab Elborai, Partner with Strategy& Middle East, part of the PwC network. Dr. Shihab shared insights on the energy transition and the deployment of renewable energy sources, emphasising the importance of sustainability and innovation in driving economic development using the entire resource endowment of the Kingdom of Saudi Arabia.

The event witnessed a remarkable turnout, with over 135 attendees from various sectors and industries. The diverse representation demonstrated the eagerness of GCC BDI members to actively participate in building a strong and collaborative professional network within the Kingdom of Saudi Arabia.

The Riyadh Membership Chapter will serve as a hub for exchanging ideas, fostering partnerships, and accessing exclusive opportunities for growth and development. Through a series of networking events, workshops, and knowledge-sharing sessions, members will have the chance to connect with industry experts, thought leaders, and potential collaborators.

GCC BDI is confident that the Riyadh Membership Chapter will contribute significantly to the advancement of the local business landscape, empowering members to expand their horizons, explore new possibilities, and achieve sustainable success.

Best Corporate Governance Institute UAE 2023 Award

Coinciding with the launch of the Chapter, GCC BDI also announced that it has received the ‘Best Corporate Governance Institute UAE 2023’ Award by the International Business Magazine, reinforcing its commitment to excellence to promote the highest professional standards of corporate governance through capacity building, advocacy, and governance practices.

About GCC Board of Directors Institute

GCC Board Directors Institute (GCC BDI) is a not-for-profit organisation which guides board directors of organisations, from family-owned businesses to listed companies, to acquire the know-how and the tools to reach and sustain effective governance. Launched in 2007, we are very proud to be celebrating our 15th anniversary of operating across the GCC. We are supported by eight leading regional corporations and professional services firms who serve as our strategic partners.

Our mission is to enhance board member capabilities, create a strong and influential regional network of board members, and disseminate high-quality corporate governance knowledge, leading the regional debate on emerging best governance practices. We aim to accomplish these goals through a combination of effective practice and experience sharing, access to global knowledge and interaction with regional and international counterparts.

GCC BDI has grown to become the leading organisation in the region for board directors. We have delivered over 600 programmes and forums to top-tier companies in the Gulf and now comprise over 3000 members, each with extensive knowledge and experience in operating at the most senior levels of business in the GCC.

For more information, please visit https://gccbdi.org/

For media enquiries, please contact:

Mehwish Sarwar

GCC Board of Directors Institute