GACO board approves new strategic plan

11/12/2024 Argaam
Al Gassim Investment Holding Co. (GACO)headquarter

Al Gassim Investment Holding Co. (GACO) headquarter


Al Gassim Investment Holding Co.’s (GACO) board of directors approved the company's new five-year strategic plan during its meeting on Dec. 10, according to a statement to Tadawul.
 

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The plan is set to launch in early 2025 and will run through 2030.

 

In its statement, the company said the strategy aims to strengthen its position as a preferred investment choice in the Kingdom while actively contributing to achieving Saudi Vision 2030 goals. This will be accomplished by diversifying investments in promising sectors and driving growth in revenue and profits.

 

GACO highlighted that the plan aims to build a diversified investment portfolio that ensures sustainable growth and adds value for its shareholders.

 

The company intends to leverage strategic partnerships with leading experts and qualified professionals to implement the strategy, all while adhering to the highest standards of governance and transparency.

 

The strategy includes three main phases, as outlined in the following table:

 

GACO's Strategy Phases

Phase

Details

Phase 1: Restructuring (Optimization and Support)

In this phase, the company focuses on increasing shareholder value by restructuring its investment portfolio.

 

The main objective is to invest in successful existing companies through acquisitions, thereby supporting sustainable growth and business expansion.

Phase 2: Specialized Investment & Growth

In this phase, the company maintains its operations as a diversified holding entity, concentrating on specific promising sectors.

 

The goal is to build internal expertise and enhance GACO’s value as a strategic investor. This phase also involves acquiring established companies with strong growth potential.

Phase 3: Expansion & Diversification Driven by Internal Expertise

In this phase, the company embarks on more comprehensive growth by acquiring established companies, investing in promising startups, and launching new projects.

 

The focus is on knowledge and innovation, reinforcing the company’s position as a diversified holding entity capable of continuous evolution.

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