We have implemented an effective corporate governance strategy which sets the rules and procedures to ensure compliance with the best governance practices that cover the protection of our shareholders’ rights. Our strategy has ensured that we consistently rank as a leading company for governance, ranking number one in the Middle East and the GCC.
Our Executive Vice President of Quality, Regulatory, Health, Safety, Security & Sustainability reports directly to our CEO and Executive Management on sustainability during bi-monthly management meetings, while our Head of Sustainability plays a coordinating role to ensure progress against our strategic goals and targets. Executive Vice Presidents are ultimately accountable for achieving the strategic sustainability goals and targets relevant to their divisions.
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For fiscal year 2021, Almarai ranked as the No. 1 issuer on the Saudi Stock Exchange for ESG performance. Source: ESG Invest by Sustainability Excellence Almarai was ranked among the top ten companies in the Kingdom’s Non-Financial Corporate Governance Index traded in the Saudi market. Source: General Investment Authority in cooperation with Al-Faisal University Almarai won the “Excellence in Governance Award 2020”, awarded to the best companies listed in the Saudi capital market, for successfully completing 150 governance standards. Source: Third Global Conference on Governance activities with Al-Faisal University |
