Vision:

Become the trusted and reliable internal advisor to SISCO to become the most successful diversified investment group in the region.

Mission:
 
To identify, evaluate and exploit investment opportunities in potential growth sectors within the region to expand SISCO as a major international business through the creation of strong, consistent profitability streams.

Strategy:

– Maximizing Growth Potential from Core Businesses
– Identifying Major Growth Adjacencies 
– Identifying New Business Sectors (where there is parental & local advantage)

Applying the strategy through:

– Identify high “short & long term” potential investment opportunities
– Develop strong business relationships with potential partners
– Develop strong business relation with advisors (financial, legal and technical)
– Analyze investment opportunities
– Carryout the deal making process
 

The Department’s goals in general are:
- To go into the field of development as reflected in the staff and the company with the benefit required
- Maintain the human elements, motivate and train them to achieve the goals and the policies of the company
- Invest all the energies in order to have access to the best practices of professional services relating to affairs of the shareholders in accordance with the rules and the regulations

This department is specialized in the following:
Administration and Human Resources:
- Checking the government’s regulations related to personnel and their application in accordance with the company’s policies  and the management’s directives
- Taking care of all internal and external administrative dealings with the company’s clients, in addition to the government’s services and incoming and outgoing mail. Also, the support services is specialized in maintain the company’s assets, hospitality services,hygiene, conclusion of contracts for leases and agreements with external parties.
- Application of the company’s internal systems and polices through the organization  of the recruitment process, sort of resumes and conducting interviews, then preparing the process of the salary, leaves, follow-up with the medical insurance and social security
- Conduct the annual evaluation of all staff to identify the strengths and weaknesses points
- Making recommendations of trainings for the development of the capabilities and competencies of the employees of the company’s various departments

Shareholders Affairs:
- The department responds to the shareholders inquiries in the area authorized by the regulations
- Coordination and announcement of the general assemblies and contacting the related authorities
- Preparation and publishing the company’s announcements and observing the company’s profile on Tadawul website
- Responding to the Capital Market Authority with respect to all inquiries,  financial reports…. Etc

The role of financial management is a pivotal role in the performance of the company where you are the following:

- The Finance Department is responsible for recording financial transactions between the company and external parties and between company’s departments of the company; prepares financial statements in accordance with the generally accepted accounting standards in the Kingdom of Saudi Arabia and in compliance with the internal control system prepared by the Company and approved by the board of directors.

- Prepare periodic and seasonal financial reports to assist company’s management in making the rational decisions appropriate to the circumstances of the company.

- Prepare financial reports required by the sovereign states in accordance with laws, regulations, issued in this regard.

- Preparation of the Zakat declaration in accordance with the Zakat regulations, paying Zakat imposed, as Zakat strategic planning in order to achieve both the company's interest following Zakat regulations and regulations.

- Preparation of financial analysis appropriate for the company's investments to insure they are consistent with investment returns and indicators established in advance, prepared and approved by the company’s management and to present strengths and weaknesses of the financial performance and make appropriate recommendations at the disposal of senior management to take corrective decisions in a timely manner.

- Preparation of budgets estimates for the coming years according to future plans established by the company’s management to ensure that company's future performance is in line with expectations. It is also within the context of the budget estimates; prepare cash flows forecasts to ensure the availability of enough liquidity as necessary for the conduct of daily business affairs of the company and financing of new projects.

- Preparation of financial feasibility studies for new projects and considering the alternative funding available, as well as raising funds.

- Coordination and provide the information required by the internal audit department to carry out their tasks entrusted.

- Provision financial information and coordination with other departments to provide non-financial information required by the External Auditor so that it can perform the tasks assigned to him.

From I.T Department Services:

- Technical support services for computers, printers and peripheral device
- Repairing and maintaining computers, printers and peripheral devices
- Computer networking
- Operation and maintenance of computer networks
- Programming and application development for the contracted companies' programs
- Internet and e-mail services
- Services of managing and archiving databases
- Protection systems and computer viruses protection
- Web development and design.

Contracted Companies:  KINDASA, TUSDEER, ISNAD, TAWZEA and RSGT " Red Sea Gateway Terminal"

Vision:
Adding value to the Corporate Governance and Risk Management processes and supporting the business unit managers in achieving their business goals. Functioning like eyes and ears for the Board of Directors.

Mission:

- Align the internal audit activity to the corporate strategy and implied business risks.
- Constant evaluation of business processes to achieve the business objectives.
- Ensuring that business processes are working effectively.
- Raising red flags in time for the management to take remedial measures in time.
- Compliance to the Corporate Governance.
- Compliance to the approved Audit Committee Policy.

Plan:
To carry out the internal audit activity in accordance to a properly laid down internal audit plan duly approved by the Chief Executive Officer-SISCO, the Audit Committee and Board of Directors. The internal audit activity will be measured against  the achievements of the objectives and time plan set under the approved internal audit plan.

Outcome:
All stakeholders are satisfied with the internal audit activities including management of the business units.

SISCO provides and renders its legal services, exclusively, to its affiliate and subsidiary companies to perform legal due-diligence and avoid conflict of interest.The services are rendered and provided in the best professional way through the internal legal department of SISCO or by the external consultation offices as per the need thereto.

 The legal varieties services include:

- Rendering the legal and Sharia Rules consultations and advices relevant to the work.
- Providing the services and consultation relating to negotiation and preparation for    negotiation.
- Attending the relevant meetings.
- The activities and work relating to the Ministry of Commerce such as incorporation of   companies, amendment of Articles of Associations of companies, notarization and    publication of companies Articles of Association, registration of trademarks and all other    related works .
- Drafting, redrafting and reviewing contracts and agreements and all kind of legal    documents.
- Communication with the global business environment through direct relation with the    external foreign legal consultation and advocacy offices.  
- These services are in addition to rendering all types of legal services and representation    before all governmental authorities.

Policies and Procedures for the Training Development Center at SISCO:

1.Training Objectives:
“Seek to achieve”, the results designed and approved before the training process starts.

2.The overall objectives of Sisco training: 
 - Improving the performance of employees.
 - Increasing the administrative efficiency and productivity in the workplace.
 - Development of skills, abilities and attitudes of the employees work.
 - Create a relationship between the company and staff which will make them able to    achieve the goals and objectives of the company at the same time.
 - Reducing the cost.
 - Unification and the allocation of training policies.

3. Training strategies for Sisco:
  - Develop training programs on the basis of the company and employees needs after the      Identification and classification of the training requirements.
  - Contact training institutes and exchange the experience and various studies.
  -Gathering Information on various training programs, seminars and institutes by     establishing a record-keeping system.
  - Estimate the cost of the training program according to the budget set by Sisco and its     subsidiaries.
  - Providing consulting and advisory services regarding the training programs and     development performance.

The policies in designing the training programs for Sisco:

they are divided into two types:

1. Policies on the interns themselves, which relies on: 
  - levels of education and the cultural of the trainees.
  - Relationship with the career of trainees.
  - Appropriate program for the functional aspects of the trainees.
  - The size of moral incentives received by the trainee.
  - The venue of the training program and timing.

2. Policies relating to the nature of the training program relies on: 
  - The training requirements of the organization.
  - Defining the knowledge and skills required and trends.
  - The surrounding environment and conditions of training.
  - Material resources required to implement the program.
  - Equipment and training aids available.
  - The time frame for implementation of the program.

Principles of training in Sisco: 
  - Requiring training support, which is full support by the Senior Management and     supervisors.
  - Focusing on solving administrative problems that could be solved through training.
  - Meet the needs of the organization and its employees which covers all and levels and     departments.
  - A consistent and well defined performance requirements for each job are needs to     design a training program through the organization.
  - Training must be based on the effectiveness, technical resources, cost and results of     the programs.
  - Verification of the validity of the training programs to ensure their effectiveness before     being implemented to the system.
  - The expected results of those programs are to practice the new knowledge and skills     acquired through them, taking the performance of the employees to a new level higher     than before and covering the shortage of knowledge that some may have.
 
Fees Policy for training courses:
Sisco has negotiated and cooperated with a number of training centers and institutes in all regions in the Kingdom of Saudi Arabia and abroad for special offers that is provided only for the employees of the company, therefore the more numbers of trainees the less cost.
In this special efforts made by the company, the objective of Sisco is not to profit but the benefit and best results of their employees and lower fees.
We also would like to inform you that Sisco is going to seek all fees of the training courses on behalf of the other companies and then reimbursement with the amount according to the number of the registered employees of each company.

Some suggestions for training courses that will be undertaken by Sisco for the year 2009:
1. Management courses and Assembly:
- Communication Skills and convincing others.
- Management of merit for administrators and coordinators, supervisors and senior    manager’s offices.
- Develop the skills of managers of departments.
- Skills to deal with others in the work environment.
- Dealing with the pressures of work.
- Management in a multicultural environment.
- Dealing with people with difficult moods.
- Successful Director.
- Excellence in problem-solving and decision-making.

2. Specialized courses:
- Stages of the application of corporate governance and the development of optimal    model of governance.
- Development of legal and consulting skills.
- The basics of management accounting, information systems and information technology.
- Recent trends in human resources management.
- Project management.
- Trends of modern internal audit.
- Budgets and effective cost control.
- The assets and workers.
- Human Recourse to non-specialist human resources.
- Financial Analysis for companies and private enterprises.
- Legal proceedings before an anti-marketing of financial differences.
- Skills development of workers in IT departments and the identifications and    classifications of presentations and projects.
- Public relations strategies