Governance
The Board of Directors and the Bank’s Executive Management work to ensure the existence of an effective, advanced, and sustainable governance framework and to continuously strengthen it.
They set strategic objectives, translate them into appropriate work programs, and strive to achieve them in line with the principles of transparency, disclosure, and fairness—supporting the Bank’s strategy, vision, mission, and sustainable development.
Governance at the Bank refers to the rules and procedures for leading and directing the Bank, including mechanisms that regulate the relationship between the Board of Directors, Executive Management, shareholders, and all stakeholders. These rules and procedures are applied to facilitate decision-making and promote fairness and transparency in financial transactions and the business environment, thereby creating growing value for the Bank and protecting the rights of shareholders, all investors, and other stakeholders.
The Bank’s governance is founded on fair treatment based on equality among the interests of various parties, including shareholders, employees, investors, and other stakeholders such as customers, suppliers, supervisory and regulatory bodies, other relevant government entities, and society—while taking into consideration the three dimensions of sustainability (social, environmental, and economic).
The Board of Directors and Executive Management continuously emphasize the importance of adhering to governance controls as an effective means of strengthening transparency, integrity, oversight, and high professional performance.
This report affirms the Bank’s compliance with applicable laws and regulations, and with the requirements and instructions of supervisory and regulatory authorities such as the Capital Market Authority and the Saudi Central Bank, through the issuance of governance documents, their updates, and the monitoring of their implementation. Among the most notable actions taken in 2025 was the update and approval of a number of documents by the Board of Directors and/or the General Assembly to align with updates to laws, regulations, and instructions. This included the General Assembly’s approval of updates to the Bank’s bylaws and the Corporate Social Responsibility policy, as well as the Board of Directors’ approval of updates to several policies and documents, including the Governance Manual and its annex.
The Board of Directors and its committees also continuously monitor the Executive Management and its committees to ensure their ongoing and effective compliance with all laws, regulations, policies, and work procedures.
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