Altharwah Albashariyyah Co. (Tharwah) announces the signing of a cooperation memorandum with the Omani Society for Human Resource Management (OSHRM)
| Element List | Explanation |
|---|---|
| Introduction | Altharwah Albashariyyah Co. (Tharwah) announces the signing of a cooperation memorandum with the Omani Society for Human Resource Management (OSHRM), with the aim of strengthening professional cooperation between the two parties in the fields of human capital management and development, and enabling the Company to provide its services and advisory offerings in the Omani market through initiatives and programs agreed upon by both parties. This cooperation comes within Tharwah’s regional expansion strategy and its efforts to transfer its accumulated experience in the Saudi market to the Omani market, thereby contributing to the development of the human resources ecosystem and the exchange of best practices in this vital field.
Tharwah was represented in signing the memorandum by its Chief Executive Officer, Mr. Abdullah Al-Zahrani, and Mr. Ajab Al-Otaibi, Chief Executive Officer of Tharwah Academy, in Muscat, Sultanate of Oman. |
| Memorandum Signing Date | 2025-11-10 Corresponding to 1447-05-19 |
| Counterparty | Omani Society for Human Resource Management (OSHRM) |
| Memorandum Subject | The cooperation memorandum aims to regulate collaboration between Altharwah Albashariyyah Co. (Tharwah) and the Omani Society for Human Resource Management (OSHRM) in a number of areas of mutual interest, including but not limited to the following:
• Exchanging knowledge and expertise in human capital management and institutional development initiatives. • Cooperating in the design and delivery of training programs and professional accreditations as agreed between both parties. • Conducting comparative research and studies on labor market trends and competency indicators. • Developing leadership and executive coaching programs and supporting the empowerment of national talents. • Cooperating to support digital transformation initiatives in human resource management and promote professional practices in this field. |
| Memorandum Duration | The term of this Memorandum is one (1) calendar year starting from the date of its signing by the parties, and it shall be renewed automatically for a similar term unless either party notifies the other of its desire not to renew at least sixty (60) days prior to its expiry. |
| Related Parties | No Related Parties |
| Financial Impact | No direct financial obligations shall arise for either party under this cooperation memorandum at this stage, and any potential financial impact cannot be determined at the present time. Any material financial impact will be disclosed if and when binding implementation agreements or contracts are entered into in the future, if applicable. |
| Additional Information | This cooperation memorandum serves as a framework for organizing collaboration between Altharwah Albashariyyah Co. (Tharwah) and the Omani Society for Human Resource Management (OSHRM), and does not constitute a final binding contractual commitment. When needed, the relevant implementation of contracts or agreements will be entered into in accordance with the applicable laws and regulations, and the Company will announce any material developments related to this memorandum in due time. |
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