ASG pens MoU with Majmaah University

Logo of ASG Plastic Factory Co.

ASG Plastic Factory Co. signed a memorandum of understanding (MoU) with Majmaah University, according to a Tadawul statement.

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The agreement aims to support cooperative training programs, provide job opportunities for graduates in various fields within the company, as well as promote the exchange of expertise and development of academic programs.

According to the statement, ASG stated that the MoU includes collaboration between both parties in various areas, including services, administration, education, research, training, and community service. It also covers the provision of mutual support, assistance, as well as technical and professional consultation, based on their available resources and capabilities.

The company noted that this agreement represents a significant step towards building a support system for localization initiatives and human development, contributing to the achievement of Saudi Vision 2030 goals through sustainable cooperation with academic institutions.

ASG further highlighted that the MoU focuses on achieving mutual benefit by utilizing all available resources within each party’s field of expertise, exchanging knowledge, and contributing to the development of academic programs aligned with labor market needs.

It also aims to activate employment and training programs to qualify national cadres and empower Saudi youth to successfully integrate into the workforce.

The company clarified that the agreement holds no financial value, as it is based on service exchanges between the parties.

Any financial implications resulting from the agreement will be disclosed in due course, the statement said, adding that there are no related parties to the 12-month MoU.