KMPK Properties announces the first Saudi Businesswoman Award

KMPK Properties, which has made the empowerment of ladies central to its business plan, will lead the award.

Prince Khalid Bin Alwaleed, chairman of KMPK Properties lauded the objectives of the Saudi Businesswoman Award.

"Our main objective is to go a long way in increasing the involvement of women in business regardless to the level of involvement in the corporate ladder,"

said Prince Khalid.

"This award is established to give women an insight about the foundation of any business model, regardless of the size or specialisation of the business. We also hope that such an award will encourage businesswomen to do their best to inspire the younger generation in achieving their full potential in Saudi Arabia." he said.

The Saudi Businesswoman Award initiative will be formally launched soon, with more details of specific award categories and entries. KMPK Properties is welcoming partners to make this a memorable event. The award is open to nationals as well as expatriates women in Saudi Arabia.

"We are glad that KM Holding will be the first entity to announce an important step in recognising the role women play in Saudi Arabia. With this award, we join in celebrating and acknowledging the contribution of professional and businesswomen in Saudi Arabia. This will help inspire the future generation of women to achieve and contribute significantly to the growth of the business sector and society in Saudi Arabia," said Khulood Al Rostamani, co-founder & group director of KM Holding.

"The potential for women in Saudi has never been so great. Recently Saudi Arabia has been witnessing major developments in the economic front and the Kingdom is boosting more players to join in the nation building with special emphasis for women as economic partners. We hope that this Award will further promote the abilities and diversity of Saudi Arabia's female workforce and tap into the unlimited talents these women posses," she added.

"KMPK is proud to announce its sponsorship to this important award. It demonstrates the commitment of KM Holding and KMPK Properties towards the development of the role women play in society and business, while at the same time keeping in mind their responsibilities as mothers and home makers" said Dr. Mohamed Haddad, chairman of KM Holding and vice chairman & CEO of KMPK Properties.

"This is the first step in a plan to encourage more women to enter business; which will benefit both the economy and the social structure of the country. High profile global businesswomen and leaders who excel in their specialised fields will grace the award occasion, providing further inspiration to Saudi Arabia's female community to strive towards excellence and empowerment." Dr. Haddad added.

KM Properties (KM) and Saudi businessman Prince Khalid Bin Alwaleed (PK) announced the newly completed joint venture under the name of KMPK Properties. The new company operates offices in Riyadh, Dammam and Jeddah.

The new company aims to develop over 14,000 real estate units in the kingdom over the next few years, with a view to providing sound investment opportunities for both Saudi national as well as expatriate in Saudi Arabia.

KMPK also aims to encourage women to enter the workplace and to take an interest in the real estate and economic sectors, and the Saudi Businesswoman Award will support this endeavour.