Zain KSA releases 2023 corporate sustainability impact report

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Updated 17 August 2024
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Zain KSA releases 2023 corporate sustainability impact report

Zain KSA, a telecom and digital services provider, has released its “2023 Corporate Sustainability Impact Report: Into an Innovative and Sustainable World.” The release of this report carries significant meaning being issued in the absence of its visionary architect, Zain KSA’s late CEO Sultan Al-Deghaither, who recently passed away. He had led the company’s transformation journey, focusing on driving sustainable and positive environmental and social impacts.
This report highlights Zain KSA’s progress in implementing its corporate sustainability strategy, which is structured around four key pillars — Climate Change, Responsible Operations, Inclusion, and Generation Youth — addressing the core themes of economy, environment, society, and governance. It showcases the significant strides Zain KSA has made in advancing sustainability across the Kingdom over the year.
The report illustrates the seamless integration of Zain KSA’s corporate sustainability strategy with its overarching corporate goals, aligning closely with Saudi Vision 2030’s goals in sustainable development. It also underscores how the company contributed to the nation’s goals, while also supporting global sustainability efforts, including the UN’s Sustainable Development Goals and best practices in environmental, social, and governance principles.
Zain KSA’s Corporate Communications VP Eman Abdullah Al-Saidi said: “It is with profound sadness that we release this sustainability report in the absence of our late CEO Sultan Al-Deghaither ... Though he is no longer with us, his enduring impact lives on in every achievement and through the positive mark he made on society and the environment. His pivotal role in launching initiatives and programs that advanced sustainability and served our country is evident throughout this report.
“Our sustainability report highlights our positive impact on the environment and society by embedding sustainability into our business strategy through an eco-friendly framework built on three pillars: economy, people, and planet.”

This approach reflects our dedication to driving digital progress while fulfilling our commitment to the communities we serve through our ESG strategy and responsible practices that create value for all stakeholders and contribute to a sustainable future for the planet.”

 


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.