Al-Sorayai Trading and Industrial Group, one of the largest carpet manufacturers in the world and ranked among Saudi Arabia’s top 100 companies, recently held board and management meetings to assess the Group’s performance in 2009 and its plans for 2010 and beyond.
The first meeting was attended by the Board of Directors and focused on reviewing financial results for 20009 as well as expansion plans for the near future. It included a detailed presentation of the latest organizational news, including the Group's transformation into a Saudi joint stock company. The directors also discussed efficient strategies for improving operations and strengthening Al-Sorayai’s position as one of the KSA’s leading industrial companies.
The next meeting was held at the Sheraton Hotel in Jeddah and represented the first communication among top management, Board members, managers, and top officials. It was opened by Chief Operating Officer and Board Secretary General Marwan Kalkatawi, who gave a speech on the Group’s activities and achievements in 2009. A video presentation highlighted operations in various manufacturing facilities, the most important social and economic events and activities, and the development stages undergone by the company from last year until it became a Saudi joint stock company at the beginning of 2010.
Managing Director Saleh Nasser Al-Sorayai also delivered a speech detailing the Group’s 2010 business plan and reviewing recommendations directed at the work team. He highlighted the responsibilities and entitlements undertaken by the company, including the commitment to quality standards; the identification of short-term strategic goals; abidance with main business principles; and the development and planning of operations to ensure the Group’s successful entry into the Saudi stock market.
Open discussions were then held to review all issues and matters raised, followed by a dinner which honored attendees and recognized the efforts of the work team last year which led to the Group's eventual entry to the Saudi stock market.
“These meetings form part of our commitment to facilitating communication and coordination between the work teams of the different management levels in order to discuss strategies for enhancing the growth we have been witnessing over the past years. We have been able to review our achievements and our most significant financial and operational results for last year, especially those related to our entry into the Saudi stock market. This year we look forward to focusing on strategic planning and reaffirming our commitment to the key principles we have been upholding since our establishment, so that we can meet customer needs in accordance with the highest quality and excellence standards and reach new markets in different parts of the world,” said Saleh Al-Sorayai.
Al-Sorayai Trading and Industrial Group is a Sharia-compliant organization with more than 55 years of extensive experience and expertise in carpet weaving. Manufacturing 85 million square meters of carpets annually, it currently accounts for more than half of Saudi Arabia’s total carpet and rug production and exports to more than 65 countries. Around 60 per cent of the company’s output is targeted at the European, US, Australian, Chinese and Middle Eastern markets. Al-Sorayai’s capacity has expanded 20-fold since its inception; it presently handles five large manufacturing facilities adhering to strict global standards and incorporating state-of-the-art technologies.
