Governance is an integral part of the core values and strengths of the Jahez Group, which seeks to achieve a distinguished presence and a leading position among businesses, customers, and partners in the Kingdom. The Group strives for the best governance practices in order to increase transparency and accountability to all stakeholders.
The Corporate Governance Regulations issued by the CMA are indicative of companies listed on the Parallel Market. On 09/09/1442H (corresponding to 21 April 2021), the Company adopted its internal governance regulations, which are guided by articles of the Corporate Governance Regulations. The Company’s internal governance regulations consist of:
- The Company’s Internal Corporate Governance Manual, which sets out the rights of Shareholders
- The Delegation Authority Policy
- The Delegation Authority Matrix
- The Disclosure Policy
- The Conflict-of-Interest Policy
- The Dividend Distribution Policy
- The Stakeholder Protection Policy
- The Insider Trading Policy
- The Compliance Policy
- The Social Responsibility Policy
- The Charter (Terms of Reference) of the Audit and Risk Management Committee
The Board of Directors will approve any amendments to the Framework of the Corporate Governance Regulations from time to time or call for convening the General Assembly to approve any amendments that require shareholder approval, in order to comply with legal requirements and ensure sound management and governance practices.