Tasama, a Public Investment Fund company specializing in integrated business services, and Badael, a PIF company dedicated to reducing smoking rates in the Kingdom, have signed an MoU to foster a robust strategic partnership. The signing ceremony at Badael’s headquarters marks a significant milestone in leveraging the PIF ecosystem to drive innovation and operational excellence in line with Vision 2030.
The MoU establishes a framework for Tasama to provide Badael with its end-to-end integrated services, designed to elevate Badael’s growth through innovation, operational efficiency, and local market expertise.
This collaboration exemplifies PIF’s integrated strategy to empower its portfolio companies by fostering partnerships that enhance capabilities and contribute to the objectives of Saudi Vision 2030.
Mohammed Aljasser, CEO of Tasama, said: “Our mission at Tasama is to empower businesses and government institutions by delivering reliable, agile, and digitally native business services, enabling them to focus on their core and remain future-ready. We are proud to partner with Badael, a company whose purpose is deeply aligned with the Kingdom’s vision for a healthier society. By providing Badael with our operational expertise, we are not just improving efficiency, we are helping to build a national champion that can achieve a vital mission for the country. This is the PIF ecosystem in action, creating integrated value and contributing to a thriving economy.”
Tolga Sezer, CEO of Badael, added: “At Badael, our mission to help 1 million people switch from smoking requires rapid growth and flawless execution. This partnership with Tasama is a strategic accelerator for us. By integrating their best-in-class business services, we can focus our resources on our core competencies — innovation, research, and connecting with our consumers — confident that our operational foundation is not only stable but also a competitive advantage. This will be critical in achieving our public health goals.”
The collaboration between Tasama and Badael is a powerful example of two PIF companies working in concert to achieve distinct yet complementary national objectives. Tasama aims to redefine industry standards as the national champion in business services and the preferred partner for organizations contributing to the Kingdom’s growth. Badael is a national leader in health and well-being, enhancing lives by providing innovative solutions that help smokers switch to a better, smoke-free life.