Standard of professional and ethical conduct

Mubarrad Holding Company ("the Company") is committed to abide by the standards of professional and ethical conduct in all its operations. The Company has prepared policies and procedures that support this as below described:

  • Code of professional and moral conduct
  • Policies and procedures on transactions with related parties.
  • Conflict of interest policy.
  • Reporting policy.

Code of professional and ethical conduct

Policies and procedures for transactions with related parties:

Mubarrad Holding has prepared a policy for transactions with related parties, in accordance with the requirements of the Capital Markets Authority.

This policy aims to identify the steps the Company needs to follow to ensure fairness and transparency in all transactions with related parties to ensure the rights of the company.

Conflict of interest policy

The Company has prepared a conflict of interest policy, under which it is committed to manage and address potential conflicts of interest effectively to ensure the effective implementation of operational and administrative processes, ensuring that all conflicts of interest existing, potential and anticipated are identified and dealt with and that all decisions are taken to the best interests of the Company. This policy clarifies the basis for dealing and managing conflicts of interest, including the following:

  • Specify appropriate mechanisms and systems to avoid and limit cases of conflict of interest and to develop appropriate procedures to deal with them.
  • Determine the procedures for disclosure of the joint interests of the company, either directly or indirectly.

This policy is an integral part of the Company's full commitment to integrity and fairness in dealing with stakeholders.

Reporting Policy

Mubarrad Holding Company is committed to maintaining its values and principles which guarantee the highest standards of honesty, integrity, accountability and responsibility. The Company has prepared a reporting policy through which all key stakeholders can report any illegal or unethical violations or practices in secret, in a manner that ensures protecting the reporter against any damage or harm that may be caused to him. This policy has been prepared in light of the governance instructions issued by the Capital Markets Authority. The policy of reporting violations addresses the company's commitment to integrity and ethical conduct, through helping to provide an environment where the employees and the key stakeholders may report internal and external irregularities "in good faith" on illegal, immoral or inappropriate activities, or any form of mismanagement without fear of any punishment or abusive activities.