The Madinah Institute for Leadership and Entrepreneurship (MILE) was initiated as a Corporate Social Responsibility Program of Savola Group, and grew into a collaborative initiative aiming to attract contributions and support from many other companies, academic institutions, research and consulting organizations, and professional groups.
MILE is focused on building leadership and entrepreneurial excellence in the Arab and Muslim world. The non-profit organization is building local intellectual capital and leveraging a business model that ensures sustainability and relevant development opportunities to our present and future business leaders. Our programs offer an invaluable opportunity for qualified high performance individuals to expand their leadership skills to a global level.
Our culture and excellence of our programs are fulfilling one of our key objectives:
To establish MILE as a recognized business management role model
for global enterprises and entrepreneurs.
Established:
2010
Organization
Non-Profit Institute established as a CSR project of Savola Group in collaboration with Knowledge Economic City and Saudi Arabian General Investment Authority
Located at:
Madinah Knowledge Economic City
Faculty Composition
- Professors from top 20 business schools
- Leaders from global management consulting firms
- Experienced trainers from global leadership development companies
- Regional successful leaders
Participants
- 60 participants per program
- Participants profile: CEO and C-Level Executives
Official Color
Forest Green
Motto
Strengthening leadership bench (meaning preparing future leaders in developing countries)
Official sign 
meaning maturity, high learning curve and continuous growth
Program Cost
$ 10,000 for a 2 weeks executive education program including expenses.
Scholarships for each program
- 4 Young Executive Scholarships for fresh graduates from leading business schools
- 3 Senior Executive Scholarships for CEO and C-level executives from developing countries
- External Auditors of Savola Group is KPMG Saudi Arabia.
- External Auditors of Knowledge Economic City is PricewaterhouseCoopers Saudi Arabia.
- External Auditors of Panda Hyper Markets is PricewaterhouseCoopers Saudi Arabia.
- Internal Auditors of Knowledge Economic City is KPMG Saudi Arabia.
MILE’s Income
$ 560,000 per program
MILE’s Operating Expense
$ 618,000 per program
Endowment (Fiscal 2010)
$ 560,000
Internal and External Auditors of our CSR Partners
MILE does not have separate auditors as its still a CSR project which will take its shape and be registered under the formation of Economic Cities Authority, Saudi Arabia. Till then, our book keeping and MILE financial statements are being maintained by our CSR Partners. As soon as MILE is registered under Economic Cities Authority, we will formalize our Corporate Governance and appoint our independent internal and external auditors (from one of the highly reputed accounting firms) for the purpose of maintaining accountability, credibility and transparency.
MILE’s Seal
