Social enterprises – businesses that provide goods and services to undeveloped segments of the society – are increasingly recognized as effective tools against poverty. Saudi Arabia’s King Khalid Foundation – a Royal foundation, established in 2001 to make a positive impact in people’s lives by providing innovative solutions to critical social and economic challenges in Saudi Arabia – and Acumen Fund – an international not-for-profit venture fund that invests in enterprises delivering critical goods and services to low-income customers – are partnering to recruit a Saudi national for Acumen Fund’s Fellows Program. Fellows receive an opportunity to work with high impact social entrepreneurs for one year.
The partnership aims to raise the profile of the development sector and promote social entrepreneurship in the Kingdom of Saudi Arabia. In the long run, the partnership hopes to build an entrepreneurial bench of professional talent with strong operational skills, experience in low-income markets, and the moral imagination to build enterprises that meet the needs of low-income customers in Saudi Arabia.
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Author: Al Bawaba
