Governance is central to the core values and strengths of Jahez Group as it seeks to cement its distinguished presence and position of leadership among businesses, customers, and partners in the Kingdom and in the MENA region. The Group strives to adhere to the best governance practices in order to increase transparency and accountability to all stakeholders.

On 09/09/1442H (corresponding to 21 April 2021), 16/05/1445H (corresponding to 30 November 2023) and 01/09/1445H (corresponding to 11 March 2024) 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 Committee
  • The Charter (Terms of Reference) of the Nominations and Remunerations Committee
  • The Charter (Terms of Reference) of the Executive Committee
  • The Charter (Terms of Reference) of the Investment Committee
  • The Internal Control System
  • The Standards and Procedures Policy of the Board of Directors Membership
  • The Remuneration Policy
  • The Board of Directors Work Regulations

The Board of Directors is tasked with approving occasional amendments to the framework of the Corporate Governance Regulations or calling for convening the General Assembly to approve any amendments that require shareholder concurrence, in order to comply with legal requirements and ensure sound management and governance practices.

The Company is in compliance with all mandatory requirements set forth in the Corporate Governance Regulations issued by the Capital Market Authority.

 

Organizational structure