Tadawulat (TAD Group) Ranked No. 23 in Saudi Arabia Fast Growth 100
TAD Group, otherwise known as Tadawulat, was ranked Number 23 in Saudi Fast Growth 100 list of successful and highly-performing companies. For view of the full listing click here. The Saudi Fast Growth 100 was created in 2008 by the Saudi Arabian General Investment Authority's (SAGIA) National Competitiveness Center with joint founding partners Al-Watan Newspaper and AllWorld Network. Joining the initiative, as Strategic Partners are the National Commercial Bank, Sukoon International, and Siraj Capital. It is a national program to promote entrepreneurship and innovation in Saudi Arabia that ranks the fastest-growing emerging companies in the Kingdom.
The Saudi Fast Growth 100 features the fast growing Saudi Arabian companies that represent the economically vibrant future of the Kingdom. Through their energy and innovation, these companies are building a more competitive and dynamic Saudi economy. AllWorld Network ranks each year the fastest-growing emerging companies in the Kingdom. It also provides recognition for start-ups, women-owned companies and those owned by young entrepreneurs.
The 2009 and 2010 Saudi Fast Growth 100 rankings showcased for the first time the vibrant entrepreneurial base that is flourishing in Saudi Arabia. Some of the real stunning findings are:
- 35,000 jobs were created by the winning companies, of which 15,000 were created in the last five years
- The winning companies grew an average of 43% a year
- Over 70% of the CEO's have founded other companies of which an impressive 90% are still in business
- In the next two years, most of the CEO's have plans to start another business and nearly a quarter plan to do an Initial Public Offering
- The CEO's are an average of 30-33 years old when they form their companies
- 15 industries were represented, and High Tech & Telecommunications was #1