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FinancialNews


  • 08-01-23

    Saudi deal with Clarity AI supports data companies growth in business practices

    (MENAFN) Saudi companies are prepared to attain a surge in maintainable business practices due to a deal among the nation’s Ministry of Economy and Planning and technology platform Clarity AI.

    A Memorandum of Understanding was inked among the two entities to support push ahead with the Ministry’s targets, under the National Transformation Program, to motivate data firms to function in a maintainable manner.

    As said by an announcement stating that the MoU, Clarity AI is a maintainable technology platform that benefits from machine learning as well as big data to supply environmental and social insights to financers, organizations, and customers.

    Rebeca Minguela, founder and chief executive of Clarity AI, asserted that “Making strides forward in ESG (environmental, social, and governance) and sustainability is an important part of Saudi Arabia’s National Transformation Program, and there is a clear commitment to building a business ecosystem which rewards companies and investors with the aim to create value beyond just financial returns.

    Adding that, “Bolstering transparency, accountability and reporting rigor is critical to the Kingdom achieving its sustainability goals.”

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