SABB and Morooj ink partnership to plant 1mln trees in support of Saudi Green Initiative

SABB and Morooj ink partnership to plant 1mln trees in support of Saudi Green Initiative

The Saudi British Bank (SABB) and the Private Vegetation Development Foundation “Morooj” have signed a joint agreement to implement the "National Environmental Afforestation Initiative", which 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.

The two parties have agreed to launch the Kingdom's greatest environmental project at the finance sector level. 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, covering all of the initiative's financial costs in the amount of 46 million Saudi riyals.

Mr. Tony Cripps stated on this occasion, “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