In an encounter with experience, openness, and transparency, with Eastern Business youth
Volunteering is an important necessity for every company that seeks profitability in performance
The state's support for the pioneers is large and continuous, but it is looking for new, not repeated ideas
Any family business that reaches the third generation should search for new partners
This is the story of the partnership with Al-Saihati in transportation, and with Abdullah Fouad in the supermarket
Leadership and partnership, diversity in activities, then attention to the human factor, and orientation to volunteer work, are the most important reasons for the success of large companies, as they achieve the ability to face challenges and get out of them with minimal losses.
These are the most prominent points emphasized by the Chairman of the Board of Directors of Al-Tamimi Group of Companies Tariq bin Ali Al-Tamimi, in the meeting organized by Asharqia Chamber via video call yesterday evening (20/6/2020) represented by the Business Youth Council, as it touched at the beginning that trade in The stage before the unification of the Kingdom was simple, it developed with unification, i.e. almost 1930 as American companies came, after which it entered the boom stage after the high price of oil, so businessmen began entering into transactions with foreign companies more, and trade or commercial activity began to take another dimension because development in The country is in a new situation.
As for how the group was founded - Al-Tamimi says - it was founded by his father, may God have mercy on him, who was - as he describes him - an entrepreneur and an entrepreneur. He established the first gas station in Abqaiq in 1949, after which he moved his activity and launched the Dammam laundry, which was automatic that exceeded the traditional method of washing, Specially since the request was made by hospitals, and it was the oldest laundry in the eastern region. After that, entered into a contract with Aramco in 1954 a contract for the transportation of the company's passengers and an alliance with the late Ali Saihati, this alliance still exists today, bypassing the method Also traditional in passenger transportation.
In this context, Tariq Al-Tamimi says that his father met with the prominent businessman Abdullah Fouad Bubshait, and they established Al-Tamimi and Abdullah Fouad, and after a period of work the two parties reached until this partnership was resolved, the separation process did not take more than an hour, and the process took place without Lawyers without cases or courts, because the relationship between the two was personal and deep, and they were more than brothers ... Accordingly, he emphasized that the most important factors for the success of the partnerships that Tamimi achieved were due to the availability of tolerance and mutual trust.
After these projects - and talk to Tariq Al Tamimi - companies expanded, activities increased, diversified, and this diversity was one of the most important reasons for the group's continued success - after the success of God - the diversity lies in activities, each activity supports the other, and thus saves the company from collapse, especially as we are in markets You are exposed to certain circumstances in which sales decrease and profits decrease.
Regarding his relationship with this group, and his arrival at the site where he is, he said that he qualified to work through the study, which is the dream stage for any young man, and by joining the father and his colleagues in work and partnership he gained more experiences, therefore education is preparation, but experience comes with practice.
And among the success factors in the company, he said that the most important element in success is the human element, because the administrative success of any official in any company is his achievement to achieve employee loyalty to the organization, and this comes only through caring for them, giving them authority, and notifying them with confidence, so if the employee feels that the company His house, he is trained and promoted and knows that after a period of time he will have an affair in this institution here that deepens loyalty, and his productivity increases, so the issue is not only the salary, but rather is respect, appreciation, trust and deepening the feeling that he is part of this system that he works in .. stressing That the Saudi citizen does not only care about the salary, but searches for an environment that makes him, if he returns home, see himself influential in the company he works in, because the environment in which he works is attractive, and any citizen who gives him a high salary without an environment that will not achieve productivity.
Al-Tamimi criticized the situation of layoffs as a result of the circumstances and said that this is the easiest way to confront, while supposed to search for the company for mechanisms and plans to get out of the crisis with minimal losses, and that losing an employee means losing experiences, training courses, experiences, etc.
On the story of establishing Al-Tamimi markets, he said that he was with his brothers in the United States of America and their father was visiting them, and he saw a huge commercial center there and compared the situation in the country where there are only small groceries, and that was in the year 1979 so it was only to contact his colleague Abdullah Fouad, who immediately came and took the center's step (supermarket), so its launch was an added value to the Saudi market, and now any Saudi commercial center that opens in America can compete and strongly too.
He stated that the value of such a center lies in the fact that it provides basic commodities to citizens, in that it differs from luxury goods such as perfumes, cosmetics, and the like, so we found these centers how they were effective during the pandemic period.
The meeting, moderated by Ibrahim Al Suhaibani, a member of the Business Youth Council, touched on the issue of the commercial franchise. Al-Tamimi mentioned that it is an important issue that gives added value, but his success is conditional on the one entrusted to the one who runs it himself, not to bring him external elements that carry out this task ... explaining that the project " Tamimi Markets "will grant the concession to a number of entrepreneurs in Saudi regions, but the basic condition is that whoever owns the concession must be the actual manager of the project.
Regarding entrepreneurs, Al-Tamimi said that entrepreneurs are citizens, and the citizen is the most important wealth that the state takes care of and care for. Looking to support new and unrepeated ideas that have added value to the national economy ... pointing to a position that took place when two Saudi youths came to them and had a new idea for purchases, so he entered with them - in the name of the group - a partner and obtained impressive results and achieved good returns, so every company wants New ideas, and the market is open to all.
In this regard, he pointed out that dozens of projects owned or supervised by expatriates are now available to citizens and entrepreneurs, who must take the initiative to seize these opportunities.
On family companies, Al-Tamimi said that any company that reaches the third generation must take one of two stances, either to attract other partners or to enter the stock market, this is a guarantee of its continuing to give, and this is the direction that the Al-Tamimi Group is heading.
With regard to electronic marketing, he said that he has eliminated many job opportunities, but it is the language of the times and the language of the future.
For this part, the Chairman of the Business Youth Council Fahd bin Abdullah Al-Farraj said that this meeting falls within several activities and programs implemented by the Council to transfer the experiences of pioneers and adults to the next generation of entrepreneurs and young businessmen, and my experience program is one of these programs through which the experiences and stories of the successful and inspiring are reviewed and transferred to pioneers And the pioneers of business. Noting the experience of Mr. Tariq Al-Tamimi, which is part of the economic history of the eastern region, an extension of the biography of his father and fellow businessmen, including those who moved to the mercy of God and some of them are still struggling to serve this giving country.
