SIDF News

"The Saudi Industrial Development Fund (SIDF) won the Gold Level of King Abdulaziz Quality Award (KAQA) in the category of entities affiliated to ministries, thus becoming one of the two entities that won this category over 300 governmental, private, and non-profit organizations competed in the award's 6th edition.

H.E. The Deputy Minister of Industry and Mineral Resources, Eng. Osama bin Abdulaziz Al-Zamil, received SIDF award on behalf of H.E. The Minister of Industry and Mineral Resources, Chairman of SIDF Board, Mr. Bandar bin Ibrahim Al-Khorayef, during a ceremony organized yesterday in Riyadh under the patronage of King Salman bin Abdulaziz Al Saud. The ceremony was also attended by SIDF's senior leadership and team.

H.H. Prince Sultan bin Khalid AlSaud, CEO of SIDF, said that SIDF's attainment of the golden level in the award is a badge of honor and represents one of the most important goals in SIDF's institutional transformation journey that began in 2018. H.H. Prince Sultan added, ""This is the result of continuous work carried out by SIDF for the past 48 years in enabling the national industry, and SIDF will continue to develop its business and practices to achieve the highest levels of quality and institutional excellence.""

It is worth mentioning that SIDF is constantly striving to improve its institutional excellence practices, services, and products to better meet the needs of its clients and in recognition of its efforts, SIDF has won the KAQA (Gold Level). During its institutional transformation journey, SIDF applied best practices and administrative standards and implemented lessons learned from previous participations at the KAQA award. These practices include better governance, control, internal culture improvements, knowledge transfer, and quality standards, amongst others."