Governance

Cenomi Retail is committed to the highest standards of corporate governance. The Board of Directors has adopted clear policies and practices that promote excellence in corporate governance, in line with our commitment to transparency vis-à-vis all our stakeholders. Our policies ensure compliance with the rules and regulations of the Capital Market Authority in the Kingdom of Saudi Arabia, the listing requirements of the Saudi Exchange “Tadawul”, and the applicable corporate governance requirements.

Key corporate governance policies and practices include:

• A majority of the members of the Board of Directors are independent of Cenomi Retail and its management.
• The charters of the committees of the Board of Directors clearly establish the committees’ respective roles and responsibilities. Currently, the Board has 3 committees: the Audit Committee, the Nominations and Remuneration Committee, and the Executive Committee.
• The company has adopted a code of professional conduct and ethical values that applies to all its employees, in line with sound professional and ethical standards.
• Cenomi Retail has committed to developing a strategy and organizational policy to monitor and ensure adherence to social responsibility, in line with Article 87 of the CMA’s Corporate Governance Regulations.
• We publish Annual Board of Directors Report on the Saudi Exchange’s website. This report includes the company's results during the fiscal year, disclosures regarding the Board of Directors, its meetings and its remuneration, and a report on the company's governance.