Riyadh, August 24, 2022, SPA -- The Saudi Industrial Development Fund (SIDF) has joined the European Foundation for Quality Management (EFQM), where this membership is considered part of the fund’s efforts to apply quality and excellence programs and the journey to achieve institutional and digital transformation that commenced in 2018, in addition to applying the best international standards and practices in the corporate work to enable clients to benefit from SIDF’s products and services easily. SIDF’s benefits from this membership include applying corporate work systems, developing operations and their governance and applying the best practices that would positively reflect on employees, which, consequently, would improve performance levels and boost the fund’s benefits through attending EFQM’s conferences and symposiums and facilitating the exchange of information and expertise among members. The membership will also contribute to highlighting the fund’s efforts and endeavors towards realizing excellence and benefiting from the tools necessary to realize the highest performance levels and preserve them, in a bid to meet or exceed the expectations of all partners and beneficiaries and compete for global excellence awards. EFQM is a not-for-profit membership foundation of public and private sectors, which was established in 1989 and comprises more than 500 members from various institutions representing more than 55 countries from over 50 sectors. --SPA 15:37 LOCAL TIME 12:37 GMT 0015 www.spa.gov.sa/w1776409