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The Centennial Fund
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Origin & Basis:
The Centennial Fund is a Saudi Arabian charity established in July 2004 with a royal charter to help young Saudi men & women achieve financial independence through helping them start their own commercially successful businesses. |
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The idea of establishing a fund started in 1419 H during the celebration of the 100th anniversary of the Kingdom founded by the King Abdul Aziz, may God rest his soul, which emerged in that period as a requirement to start programs that support young people to reduce the unemployment rate and the development of the local economy. And then, initiated a specialized committee to study the idea through access to programs implemented over the world has been selected. |
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| Where did the idea come from? | |
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The Prince’s Trust’s program in 1983 in the UK |
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In 2001 Prince Charles suggested the idea for Saudi Arabia |
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In 40 countries today, Saudi Arabia is the first Arab country |
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70,000 young men& women around the world have benefited | | |
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| What do we hope to achieve? | |
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Help create jobs for young Saudi men & women |
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Help diversify the economy with small businesses |
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Reduce the failure rate of small startups |
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Nurture creative entrepreneurs | | |
| Our values |
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Ethical & transparent |
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Teamwork |
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Proactive |
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Customer-focused |
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Empowered |
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Goal Oriented | |
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| Our Objectives |
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Help create jobs for young Saudi men & women |
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Help diversify the economy with small businesses |
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Reduce the failure rate of small startups |
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Nurture creative entrepreneurs | |
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