Samba CEO says there is no gender pay gap in the company

Saudi-based Samba Financial Group does not have any gender pay gap within the organization and all salaries are the same, according to the company’s CEO, Rania Nashar.

“Promotion within the company is based on competency, individual skills and the qualification levels. Samba has all the right policies that support female inclusion, encourage similar paygrade and moving up the corporate ladder,” Nashar said during the plenary “The she economy: Challenges and opportunities of moving towards a more inclusive workforce” at the third annual Future Investment Initiative (FII) 2019.

Currently Samba boasts 10 percent of its workforce to be females and Nashar believes that it’s a good percentage. “Majority of the women work in our head office, contributing positively towards the successful operation of the organization,” she said.

She noted two main challenges affecting female inclusion in the workforce. “We have to make the male leadership believe that women can add value to the economy. Additionally we need to make the women believe that they play an important role every time,” Nashar added.

She pointed out that in the next 12 months, effective rules and regulations for women inclusive in the Saudi economy is needed.

“The government is spending but it is not reflected properly. There is an accelerated growth in the Saudi workforce for females but we need to have more role models,” Nashar concluded.

Write to Paromita Dey at paromita.d@argaamplus.com