Saudi Public Investment Fund holds event to promote portfolio companies

The event brought together 75 companies and 200 individuals from PIF portfolio companies. (Shutterstock)
Updated 03 December 2019

Saudi Public Investment Fund holds event to promote portfolio companies

  • The PIF Way aims to help businesses in supporting the development of an effective governance structure

RIYADH: The Public Investment Fund (PIF) organized a Partners’ Forum on Monday as part of its efforts to support its portfolio companies as an active and engaged investor.

The event brought together 75 companies and 200 individuals from PIF portfolio companies working in a broad range of sectors.

Experts in digital disruption — including cybersecurity, artificial intelligence and data analytics — discussed future trends, and the risks and opportunities they create.

The forum also discussed the potential impact of technology on disparate industries across the PIF portfolio.

During the forum, the fund introduced and outlined the PIF Way — the mechanism by which it aims to support and drive value creation alongside its portfolio companies, building on the PIF’s independent governance and operational framework.

The PIF Way aims to help businesses in supporting the development of an effective governance structure, identifying and supporting new sources of growth and profitability, leveraging the fund’s infrastructure, and making the most of the advantages offered by the PIF’s extensive local and global network of companies, thought leaders, investors and government stakeholders.


Saudi Civil Service Ministry links up with 90 other agencies

Updated 13 December 2019

Saudi Civil Service Ministry links up with 90 other agencies

RIYADH: The Ministry of Civil Service, through a strategic partnership with the e-government program “Yesser,” has linked central databases with 90 government agencies representing more than 86 percent of public sector employees.

The database connection was secured after the agencies completed the requirements for sending human resources data through the government integration channel according to the classification of groups specified by the ministry.

The ministry, represented by its Digital Transformation Agency, has provided more than 27 electronic services on its website, serving government agencies and public sector employees.

This includes the “Eltizam” (commitment) service to provide human resources data including personnel data, jobs, salaries, qualifications, leave and performance evaluation.

There is also the “My Career Data” platform, which enables civil servants and human resources specialists to review and correct data, providing access to historical career records and administrative transactions.

King Salman recently issued directives to government agencies to complete electronic connectivity with the Ministry of Civil Service, to provide human resources data within 120 days.

Decoder

What is Yesser?

It is a program that works as a link among Saudi government agencies in their e-transition journey. Yesser establishes, develops and manages several e-government initiatives and products in Saudi Arabia using the highest technical and security standards.