Exploring Corporate Social Responsibility in Saudi Arabia: The Challenges Ahead

Abstract

Corporate Social responsibility (CSR) has been accepted as a business idea worldwide and is no longer seen as a pure philanthropy. It has become part of the corporate values, policies and practices which looks beyond narrow defined business and economic goals of the organization. In that backdrop, the present paper attempts to explore and analyze CSR practices existing in Saudi Arabia, and documents the steps undertaken by various stakeholders in that regard. Looking beyond charity and adopting strategic CSR initiative are some of the challenges before the Saudi firms to achieve a place in the global market. CSR is in its infancy in Saudi Arabia, and its Islamic and cultural values can play important role in leveraging strategic philanthropy in Saudi Arabia.