CDF Tadawul culture-focused ESG partnership for a win-win situation
On Feb. 15, Saudi Arabia’s Cultural Development Fund (CDF) launched a partnership with the country’s stock exchange, Tadawul, to provide a channel through which Saudi companies can connect with, and invest in cultural and heritage projects.
The initiative is part of a comprehensive push by the Saudi government to promote robust compliance with international and local ESG (environment, social, and governance) standards.
The fund, which is part of the Culture Ministry, originally proposed the alliance to identify, promote and invest in Saudi initiatives with significant cultural and social value. It is a win-win situation for all stakeholders….