Riyadh - Sharikat Mubasher: The Saudi investment company Sedco Holding signed a memorandum of understanding with the Ministry of Communications and Information Technology (MCIT) to foster entrepreneurs.

The MoU was signed on the sidelines of LEAP 2024 by Mohammed Mosly, Chief Operating Officer of Sedco Holding, and Mohammed Robayan, Deputy Minister for Technology at MCIT.

Both parties will join hands to provide workshops and consultancies to entrepreneurs through Sedco’s flagship program Rowad that aims to boost entrepreneurs’ financial management literacy across the Kingdom.

Under this agreement, Sedco Holding will provide 12 workshops to entrepreneurs and startups, in addition to offering programs in several financial fields.

Rowad program offers comprehensive content covering the fundamentals of financial management, financing, financial resources, accounting, profit and loss accounts, balance sheets, cash flow, and Islamic banking services.

It also taps into the types of financing available, the investment preparation process, business and financial models, valuation, due diligence, and investment closure.