Corporate Governance

The risk unit in AQARAT identifies, assesses, and monitors risks associated with the Company's operations as well as prepare periodic risk reports. It is an independent unit with access to all operations within the Company to form a complete understanding of such operations and can request further information to properly assess and monitor risks.

AQARAT's board of directors established standards/principles to promote good conduct and values, in a way that reflects on and boots both the image and reputation of the Company. The code of conduct affirms the commitment of all employees, whether members of the board of directors, executive management, or staff in general, to the Company's internal policies and procedures as well as the applicable rules and bylaws of the regulators.

The whistleblowing policy provides a supportive and transparent environment for all employees. It allows them to report their concerns on any irregularities, misconduct, or malpractice to the board of directors. Whistleblowing procedures are carried out within a framework that ensures the protection of the whistleblower, the conduct of the necessary investigation, and the effective supervision of such procedures.

To boost the mechanism of accurate and timely disclosure of all significant information, AQARAT developed disclosures' policies and systems that aim at achieving fairness, transparency, prevent conflicts of interest and misuse of inside information. Additionally, the policies regulate disclosures' procedures of material/significant information and provide announcement mechanisms in accordance with corporate governance principles.

The board of directors of AQARAT has adopted a policy that protects the rights of shareholders and ensures fair and equal treatment in exercising their rights, which are:

• List the ownership value in the Company’s records
• Registration, dispose, or transfer their ownership freely
• Receive dividends
• Access to information related to the Company’s activities, operations, and investment strategies
• Participate in shareholders’ general meetings, vote, and elect members of the board of directors.
• Monitor performance of the Company, in general, and the Board of Directors, in particular
• Approve any sale and purchase transactions or disposal of the Company’s assets, if the transaction value is 50% or more of the total amount of the Company’s assets