Corporate Governance Rules and Structure
Almarai’s Corporate Governance Rules set out the governance arrangements that guide the Company’s leadership, oversight, and decision making. The Rules support long term shareholder value and establish accountability, transparency, and appropriate oversight across the Company.
The Rules are aligned with international governance principles and reflects the requirements of the Capital Market Authority (CMA) and other applicable regulations in the Kingdom of Saudi Arabia. It should be read as part of the broader legal and regulatory framework that governs the Company, including:
- CMA and Tadawul requirements
- The Companies Law and related directives of the Ministry of Commerce
- Almarai’s bylaws
Within this framework, governance responsibilities are distributed across the Company’s key governing bodies. Shareholders exercise their rights through the General Assembly, including the appointment of directors and the external auditor. The Board of Directors sets strategic direction, oversees management, and monitors performance and compliance. Executive management implements the Company’s strategy and manages operations under the Board’s supervision. The governance structure also reflects the delegation of responsibilities to Board committees and the establishment of appropriate assurance functions. The Board oversees the implementation of the Rules, reviews their effectiveness, and updates them as required.