InvestorsHub Logo
Followers 54
Posts 5555
Boards Moderated 0
Alias Born 04/06/2006

Re: SammyTheBull post# 37301

Wednesday, 11/03/2010 10:50:11 PM

Wednesday, November 03, 2010 10:50:11 PM

Post# of 54875
Do you have any idea how business protocols work in Saudi Arabia??

Didn't think so. It's not as though you can just make a phone call to the top brass. It's tough to get in the door for starters.

MOPN just got an official invitation....do you realize how difficult that is especially for a small company?

Saudi Aramco is a state-owned national oil company of Saudi Arabia.

Saudi Arabia - Language, Culture, Customs and Etiquette

Business Etiquette and Protocol

Relationships & Communication

. You will need a Saudi sponsor (wakeel) to enter the country. The sponsor acts as an intermediary and arranges appointments with appropriate individuals.

. Saudis do not require as much personal space as most western cultures. As such, they will stand close to you while conversing and you may feel as if your personal space has been violated.
. Saudis prefer to work with people they know and trust and will spend a great deal of time on the getting-to-know-you part of relationship building.
. You must be patient.
. Since Saudis will most likely judge you on appearances, dress and present yourself well.

Business Meeting Etiquette

. Appointments are necessary and should be made several weeks to one month in advance if at all possible.
. When meeting with government officials, a firm date will not be settled upon until you are physically in the country.
. Try to schedule meetings in the morning.
. You should arrive at meetings on time, although it is an accepted custom to keep foreigners waiting.
. It is not uncommon to have a meeting canceled and rescheduled once you arrive.
. Meetings are generally not private until after a relationship of trust has been developed. This means you may expect frequent interruptions. Others may wander into the room and start a different discussion. You may join in, but do not try to bring the topic back to the original discussion until the new person leaves.
. Business meetings start after prolonged inquiries about health, family, etc. Never inquire about a Saudi's wife.

The secret to profitable investing is to buy into well-run companies at the beginning of their earnings growth cycle—before Wall Street takes notice and bids up the stock price.
My opinions are my own. You have to decide and do what's best for you.