His Excellency the deputy minister of human resources and social development of the Social Development Sector visited A.Majid bin Abdul Rahim al Ghanmi; Salem Palmar Holding Group headquarters at Palmar business gate tower in Dammam, and was received by the chairman of the board of Directors of Group A. Salem Bin Ahmed balhamar, CEO A.Ahmed Bin Salem in red. During this visit, the deputy minister was briefed on the group’s contributions, projects and development achievements since its establishment. The visit also included discussions on the role of the ministry and the multiple support it provides to the programs and initiatives of civil associations and institutions.
Ahmed Salem Palmar spoke at the “angel meeting Series” organized by the National Center for family establishments in the Sharqiya room to review the March of Salem Palmar Holding Group
The National Center for family enterprises hosted the CEO of Salem Palmar Holding A.Ahmed Salem Palmar to be a speaker at the first meeting of the” angel meeting series”, which was held at the headquarters of the eastern chamber, on Monday, October 9, 2023, in the presence of elite men and entrepreneurs in the eastern region; in order to review the March of Salem Ahmed Palmar Holding Group.
A variety of investments
He started a. Ahmed Salem Palmar spoke about the sectors in which the group operates today, including the commercial, industrial, contracting, investment and real estate development, the oil and gas sector, the training and education sector, the healthcare sector and other service sectors.He stressed that the group continues its success and sets its future plans for expansion and diversification of business in the kingdom of Saudi Arabia and abroad to achieve its strategic goals .
Industrial and commercial sector products manufactured in more than 30 countries
Regarding his orientation to the industrial sector, he explained in red: After 14 years of my father’s trading practice, I turned to the industrial sector at the Holding Group, which has become a supportive and supportive sector for all the group’s companies, as the sector was able to obtain facilities from the Saudi Export-Import Bank, the Saudi Export Development Authority, and the Saudi Industrial Development Fund, in addition to obtaining significant support from the Ministry of Commerce, in addition to the sector’s commitment to training and empowering human cadres, which helped it expand and acquire, and contributed to the arrival of the group’s factory products to more than 30 countries around the world, in order to achieve the group’s strategic goals of achieving growth and sustainability.
A group that grows and expands
He pointed out that the group is an investment company with branches in Saudi Arabia, Bahrain and Egypt. It is keen to diversify the sources of income through the development of its current business, and the orientation to the use of technology and the development of computer systems to serve the company’s business. It is also keen on empowering young people, training them, and committing to social responsibility. He stressed that the group is looking forward to expanding its business into new sectors by 2030.
Overcoming challenges
About the challenges faced by the group in red: we faced many challenges, most notably the challenge of resisting change, the challenge of educating and training employees and pushing them to accept change, in addition to the challenge of overcoming centralization, and the challenge of building a second row to ensure business efficiency. In addition to the implementation of governance according to a strategy, goals and a clear action plan are implemented in accordance with the guide of policies, procedures and specific powers.
Transparency and clarity are the basics of the group’s work
Palmar stressed that the holding has a good reputation, because it offers obligations on needs. He pointed out that transparency and clarity are considered one of the basics of the group’s work. He stressed that there is currently no intention to put the group’s shares on the capital market, but we are ready to do so depending on the circumstances.
A parent is a role model, supporter and mentor
He explained that the group has overcome many challenges until it has reached what it is today, thanks to Allah Almighty and then the founding father Salem Ahmed Palmar, who considers him an example and a school and was a supporter and mentor to him until he was able to build his character and skill, and gave him advice before making important decisions in his life. He revealed that he started his working life in 2004 as an intern in the group, and graduated in functional positions until he reached the position of CEO. This gradualness, combined with his knowledge of the rules and working conditions, taking advantage of the experiences of others, contributed to the development of the group’s business. Balhamar explained that he applies the regulations to himself to be an example for all the group’s employees.
We adhere to high standards of governance
Regarding the commitment to governance standards within the group, he explained in red: the founding father was a supporter and a key driver for adjusting the governance procedures and policies within the group, as governance is a long journey that requires time to adjust its procedures and policies, and the regulations, policies, powers and mechanisms that serve the company and its decision have been built, and the group also committed to applying the family charter that connects family members with the company and was the biggest challenge for it, as more than one copy was made to comply with all expected variables, and updated every 3-5 years.
The family charter is a guarantee of sustainability
Regarding the implementation of the family charter, he explained in red: the group is committed to the implementation of the family charter, which contributes to linking the first and second generation to the group, and ensures that no family conflict occurs. He added: We have a charter that ensures that family members practice their business as complements and not competitors, and we periodically develop the charter through consultations with consulting offices, the National Center for family enterprises, and the Chamber of Commerce, in addition to benefiting from the experiences of others. Acceptance of new ideas is important for the continuation of family business.
“Balhamar” mentioned several important tips for family businesses, most notably belief in the doctrine of change and acceptance of new ideas, and orientation to the development of governance and the family charter, stressing that the group is ready to provide support and advice to family businesses to benefit from our experience in governance and the development of the family charter.
Advice for young people: develop yourself and take advantage of other people’s experiences
At a recent end, “balhamar” gave advice to the young man coming to work, which is the need to start from the operational business so that you can get to know the working conditions, and to develop, learn, train and benefit from the experiences of others to achieve success.
Developing factories to enhance the group’s leading role in the industrial sector
Salem Palmar Holding Group’s factories are witnessing continuous growth and development, reflecting the dedication and innovation in operations management and the group’s investment in modern production technologies. With the keenness of the executive management to continuously develop factory products, increase their production capacity, to keep pace with the needs of the market and customer requirements
In continuation of this approach, thankfully, the production lines of plastic containers with thermoforming technology were added at the Salem Palmar packaging factory (on the first of August 2023, to provide quality products from cans, plates and cups for cold and hot drinks in addition to forks and spoons products that are characterized by their superior quality, and their various shapes to suit all tastes, and meet the requirements of the Saudi market and foreign markets.
The Fabco plant for polyethylene pipes H was also put into operation.D.P.E in all sizes, which are used to deliver safe drinking water to all facilities in the kingdom, in addition to the expansion of INMA and INJAZ sanitary ware products
The “hut” metal forming and galvanizing plant in Jubail witnessed the development of its equipment, the use of modern technology in production processes, and the development of human cadres approved by Saudi Aramco. As a result of these development works, the “hut” factory acquired major projects in the field of “steel construction” and”galvanizing iron”.
Speech by the head of the industrial and commercial sector-member of the executive committee of Group A. My war is blocked
