With the latest overhaul, the Hajj and Umrah sector is becoming a major economic driver and an important base for non-oil activities. The continued development of Hajj and Umrah organizations and services is an unstoppable mission and one of the top priorities of the Saudi government’s vision.
It is noteworthy that the new focus of the Ministry of Hajj and Umrah is primarily on strengthening the competitiveness of licensed companies and ensuring compliance with the highest degree of corporate governance and transparency. This will also meet the government’s goal of improving the quality of services provided to pilgrims, including housing, logistics services, healthcare, transportation, livelihood, water and energy solutions.
The continued development of Hajj and Umrah organizations and services in the Kingdom is one of the Saudi government’s top priorities. To achieve this important goal, owners and managers of Hajj and Umrah service companies must implement practical strategies, including listing, mergers, acquisitions, and restructuring, to generate sustainable and profitable performance. You will be required to work on financial and corporate activities.
The Saudi capital market is becoming one of the most advanced in the world, giving family businesses, including shareholders in Hajj and Umrah services, an incentive to plan to monetize their shares by listing on the stock market. ing.
The continued development of Hajj and Umrah organizations and services in Saudi Arabia is part of this.
Saudi government’s top priority.
Recently, a number of educational sessions and workshops have been held aimed at helping shareholders of these companies understand the benefits and benefits of going public. BMG will hold an economic forum on July 3rd at the London Stock Exchange and will dedicate the entire panel to preparing for his IPO of Hajj and Umrah companies.
The panel titled “Vision and Venture: Pioneering Economic Growth in Pilgrimage Services” included Dr. Ahmad Sindi, Chairman of Mutawih Company for Pilgrims from Non-Arab Countries in Africa, Raqan Azhar and others. , chairman and senior executives of these companies will participate. , President Rawaf Mina, President of Ashrakat Tawafi for Pilgrims in Arab Countries, Mohamed Mahgeni.
Panel discussion topics include improving the pilgrimage experience, innovative approaches to infrastructure development in pilgrimage areas, and sustainable practices when managing large-scale pilgrimages.
As the coming weeks see visitors from all over the world embark on a spiritual journey to perform Hajj, Hajj Company and Umrah Company are committed to enhancing this spiritual journey and making it unforgettable for a lifetime. We are dedicated to working tirelessly to make your experience the best it can be.
• Basil MK Al-Ghalayini is Chairman and CEO of BMG Financial Group.
