On February 14, 2019, Nesma Holding celebrated its 40th anniversary. Many of you have been with us for much of this history. We have come a long way since we started in 1979, expanding from Saudi Arabia to the United Arab Emirates, Egypt, and Turkey, and also expanding our portfolio to different sectors. At the same time, the company has maintained the spirit of its founder, Saleh Ali Al-Turki, who from the very beginning was driven to lead a company that supports its employees, the local community, and nurtures local talents.

While the companies operate independently of each other and of Nesma Holding, they are guided by the Nesma Holding Board of Directors, which provides leadership, sets the corporate strategy, and confirms our commitment to the company’s vision, mission, and values. Reporting to the Board are the Audit and Finance Committee, the Management Committee, the HR Committee, the HSE Committee, and the CSR Committee. Subsidiary companies also have their own boards of directors within the Nesma governance framework.

Another element of Nesma and one of our strengths is the passion towards bringing innovative ideas to life. To reach that end, we created joint ventures and partnered with multinational companies and also developed our in-house expertise. Our portfolio today includes:

• • Engineering & Construction

  • Water & Electricity

  • Business & Consumer Services

  • Transportation & Marine Services

  • Materials & Manufacturing

  • Technology

  • Retail & Consumer Products

  • Investment & Finance

Each company within the Nesma Group is empowered to operate as its own independent company with its own team. This ability of company CEOs and teams to operate independently empowers us to compete effectively in different industries. At the same time, the Nesma Holding values and support services provide a strength to each company and the Nesma Group overall. This is because you can see the Nesma values and culture at work in all locations, offices and project sites.