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Governance

Proper and effective governance is key to sustainable success.

ALNAHDI_Old-guy

Nahdi has strong governance standards and practices in place. Nahdi’s Board of Directors formed committees which include an Audit Committee, a Nomination & Remuneration Committee, and a Digital Transformation & Cybersecurity Committee.

The Company’s policy is to adopt high standards of corporate governance. As such, Nahdi has developed a Corporate Governance Manual in accordance with the Corporate Governance Regulations (CGRs) issued by the Capital Market Authority (CMA).

The CGRs prescribe the rules and standards for the management of the Company to ensure that the Nahdi’s corporate governance standards are in line with best practices enshrining the rights of shareholders and stakeholders. The provisions of the CGRs shall be mandatory, except for those provisions referred to as guiding provisions.

Nahdi’s internal Corporate Governance Manual that was approved by the Company’s Board of Directors and by the company’s General Assembly includes provisions relating to the following:

  • Shareholders’ rights.
  • Rights related to the General Assembly Meeting.
  • Dividend distribution policy.
  • General Assembly policies.
  • The Board of Directors, its composition, responsibilities, competencies, policies (including its conflict of interest policy) and work procedures.
  • Executive Management, its functions and responsibilities.
  • The Company’s committees, their respective Charters detailing their membership, responsibilities and meetings.
  • Disclosure policies