Riyadh - Sharikat Mubasher: Saafah Foundation, Saudi Arabia’s first non-profit organization dedicated to corporate governance enablement sessions, signed a strategic memorandum of understanding (MoU) with Schneider Electric to build national capabilities and promote awareness around governance and sustainability, in line with Vision 2030.

The MoU was signed by Jehan Haid, CEO of Saafah Foundation, and Farouk Shad, Head of Sustainability for Schneider Electric in Asia-Pacific, the Middle East, and Africa, in the presence of senior executives from both sides, according to a recent official statement.

This partnership reflects the shared commitment of both parties to accelerating the transition toward a more sustainable future and contributes to advancing national competitiveness and embedding a culture of responsibility and sustainability across both public and private sectors.

Under this collaboration, both entities will join hands to launch educational and capacity-building programs focused on promoting sustainability, transparency, integrity, and sound corporate governance. They will jointly design and deliver these programs, integrating Schneider Electric’s global technical expertise with Saafah’s strong local role in institutional empowerment and advancing governance and sustainability practices.

Commenting on the partnership, Haid said: “This partnership embodies Saafah’s vision to localize global knowledge in environment, society, and governance (ESG) and translate it into institutional practice across workplaces in the Kingdom. We consider Schneider Electric a global partner with outstanding expertise in energy management and digital transformation, and our collaboration opens new horizons for developing national capabilities able to drive change from within.”

In turn, Shad commented: “By combining our global technical expertise with Saafah’s leading role in governance and sustainability, we can help build more aware and future-ready ecosystems in alignment with Vision 2030."

Moreover, Schneider Electric and Saafah Foundation continue to contribute to building a more aware and sustainable society, reinforcing the principle of synergy between public, private, and non-profit sectors to shape a more prosperous and stable future for the Kingdom.