Corporate Governance
Governance framework
We are committed to upholding the highest standards of corporate governance, ensuring transparency and accountability throughout the organization.
Our governance framework is designed to align with global best practices and is grounded in the regulations set forth by the Saudi Capital Market Authority (CMA).
Key elements of our governance structure include the Board of Directors, which oversees the company's strategic direction and ensures robust internal controls. Various committees, such as the Audit Committee and the Safety and Sustainability Committee, further reinforce our commitment to ethical practices and risk management.
Governance Practices
We adhere to a comprehensive set of governance practices to safeguard the interests of shareholders and stakeholders alike. These include clear procedures for financial reporting, stringent risk management protocols, and a proactive approach to compliance with local and international regulations. Our governance practices are regularly reviewed to maintain their effectiveness and relevance.
“At Maaden, we are committed to fostering transparency, accountability, and effective governance within the mining sector. Maaden is a supporter of the Extractive Industries Transparency Initiative (EITI), and we are committed to fighting corruption and promoting transparency, particularly within the mineral resources sector. Our Commitment to EITI principles is implemented with full respect for local rules and regulations, ensuring that our practices align with both national and global standards. Our engagement with EITI underscores our commitment to leading with integrity and ensuring effective governance across all our operations.”
Key Documents
Our governance is underpinned by a suite of essential documents, including the Corporate Governance Framework, Conflict of Interest Policy, and the Board of Directors Charter. These documents are regularly updated to reflect any changes in regulations or best practices, ensuring that we remain at the forefront of corporate governance.
Governance Documents
Board of Directors Reports
Right Issue Prospectus
