---
id: 3955
title: "SEDCO Holding: Best Sharia-Compliant Group Corporate Governance GCC 2016"
award_year: 2017
published: 2017-01-05 13:30:07
published_gmt: 2017-01-05 13:30:07
author: "CFI.co Editorial"
url: "https://cfi.co/awards/middle-east/2017/sedco-holding-best-sharia-compliant-group-corporate-governance-gcc-2016/"
categories: ["Best Practice", "Corporate Governance", "Middle East"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20260524050436
wayback_snapshot_url: "http://web.archive.org/web/20260524050436/https://cfi.co/awards/middle-east/2017/sedco-holding-best-sharia-compliant-group-corporate-governance-gcc-2016/"
license: CFI-OAAL-1.0
content_sha256: de1a3cce251b98b001d372e86ca4ab4ca53767468b1b8f301c098ee632a673ac
canonical: 3955-sedco-holding-best-sharia-compliant-group-corporate-governance-gcc-2016.json
---

# SEDCO Holding: Best Sharia-Compliant Group Corporate Governance GCC 2016

> Verbatim archived copy. Canonical machine record: `3955-sedco-holding-best-sharia-compliant-group-corporate-governance-gcc-2016.json`.

<p style="text-align: justify;"><img class="aligncenter size-full wp-image-3956" src="https://cfi.co/awards/wp-content/uploads/2017/03/SEDCOholding.jpg" alt="" width="377" height="138" /></p>
<p style="text-align: justify;"><strong>Of modest origin and carefully nurtured to become one of Saudi Arabia’s leading wealth management company, SEDCO Holding adheres to time-honoured Sharia principles in the allocation of its clients assets. A family business characterised by its embrace of the highest ethical standards, SEDCO Holding can trace its roots to a trading and contracting company set up in 1976 to pursue diversified long-term investment opportunities both in the kingdom and abroad.</strong></p>
<p style="text-align: justify;">Today, SEDCO Holding has a presence in the most dynamic sectors of the Saudi economy and manages a number of funds that help underwrite major projects and corporations. From its early days, the company has maintained a strict separation between its owners and the highly skilled management team put in place to ensure consistent returns.</p>
<p style="text-align: justify;">SEDCO Holding is praised and recognised for providing leadership in corporate governance, setting an industry-wide benchmark against which others may gauge their performance. Its support for the financial education for young people has blossomed into a vast national programme that is close to reaching two million young Saudis, helping them attain financial independence.</p>
<p style="text-align: justify;">Over the last few years, SEDCO Holding has made a grand move into the buoyant hospitality sector with two hotel openings in Makkah. The CFI.co judging panel entertains no doubt that SEDCO Holding’s successful twin-pronged approach to investing – fully Sharia-compliant and pursuing excellence in corporate governance – merit recognition. The company is declared winner of the 2016 Best Sharia-Compliant Group Corporate Governance Award GCC.</p>