SABB, Morooj Agree to Launch Greatest Environmental Project in KSA
The Saudi British Bank (SABB) and the Private Vegetation Development Foundation “Morooj” have signed a joint agreement to implement the "National Environmental Afforestation Initiative".
The initiative aims to plant 1 million trees across the Kingdom under the supervision of the Ministry of Environment, Water and Agriculture and the National Center for Vegetation Cover and Combating Desertification to help achieve the Saudi green initiative’s goals and objectives.
The agreement was signed by Mr. Tony Cripps, CEO and Managing Director of SABB, and Eng. Wael Bousheh, CEO of the Vegetation Development Corporation "Morooj", in the presence of a number of senior executives from both parties.
Morooj Foundation, the executive arm of the National Center for Vegetation Cover and Combating Desertification will lead the implementation of the SABB-led initiative to contribute to the achievement of the Saudi Green Initiative's objectives.
Mr. Tony Cripps commented: “I would like to take this opportunity to commend the Kingdom's pioneering position in tackling environmental challenges.
“We are extremely proud of the critical role we play in environmental sustainability and preservation and of the launch of this great initiative to promote sustainable development to meet the Saudi Green Initiative's goals.”
The "Morooj" Foundation is a non-profit governmental corporation founded as the executive arm of the National Center for the Development of Vegetation Cover and Combating Desertification by the Ministry of Environment, Water, and Agriculture.
This effort brought together "SABB" and "Morooj" due to the two parties' shared interest in environmental preservation, as SABB prioritizes initiatives that promote sustainability and places environmental and community activities at the heart of its strategy.