Namaa Group and IMD have signed a Memorandum of Understanding to work together develop current and future business leaders in Saudi Arabia’s Al Madinah region and beyond.

The signing ceremony took place on October 27th in the presence of H.R.H. Prince Dr Faisal Bin Salman, Chairman of the Namaa Group and Governor of Al Madinah; Dr Ghassan Alsulaiman, Governor of the Saudi SME Authority and member of Namaa’s board; and Mr Ahmad Al Mahayri, CEO of Namaa. The Swiss business school was represented by Dr Hischam El Agamy, IMD’s representative in the Middle East and Africa as well as South and Central Asia.

Several executives from Namaa have already started to attend IMD’s High Performance Leadership and High Performance Boards in Lausanne and Singapore. IMD will also deliver customized programs for a select group leaders in Al Madinah. The first program will be delivered in November by Professor Bill Fischer and will focus on leading innovation in business. Namaa was established H.R.H. Prince Dr Faisal Bin Salman as a non-profit organization to support business growth and leadership development in the region.