Governance - Salic

Accountability

At SALIC we committed to adopting Good Governance Principles to ensure that the company always acts in the best interest of the business. This includes encouraging better decision making, efficient use of resources, and strengthening accountability for the stewardship of those resources.

Corporate Governance

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The company's corporate governance structure revolves around the Board of Directors and four functional Board Committees. Each committee is responsible for reviewing the company's operations within their specific expertise, making voting decisions on various matters, and providing frequent updates to the Board for approvals and information.

The Management Committee (MC), which comprises the Chief Executive Officer (CEO) and direct reports, supports decision-making and oversees the business activities and overall performance of the company.

SALIC continuously strives to enhance governance practices to meet the evolving needs of its business and stakeholders and to remain a trusted leader in the industry by integrating sustainable practices and maintaining good governance.

Compliance Commitment

01 Ethics

SALIC Commitment to Ethical and Compliant Culture is held to the highest standards in all aspects of our business. Our dedication to integrity, honesty, and transparency guides our actions and decisions. We strictly adhere to all local and international laws and regulations relevant to our operations. Integrity and decency are embedded in our daily activities by treating all employees, customers, suppliers, and stakeholders with respect and fairness. Embrace diversity and foster an inclusive work environment.

Compliance Commitment

02 Transparency

We go the extra mile by maintaining transparency in all dealings and taking responsibility for our actions. Promptly report any unethical behavior or non-compliance to the appropriate channels within SALIC. SALIC recognizes that all employees, including those located at different locations at subsidiaries level as well as relevant third parties, customers, consultants, and other stakeholders have an important role to foster SALIC’s culture of compliance.

Compliance Commitment

03 Code of Business Conduct

SALIC is committed to conducting business with the highest levels of integrity and ethical standards in all business practices. All employees must conduct themselves in a manner consistent with company standers and in compliance with laws and regulations. They are expected to act with the upmost integrity and objectivity, always striving to enhance the reputation and performance of the company. SALIC code of business conduct ensures that all employees understand what is expected of them in relation to behavior and actions throughout and after their employmen

Whistleblowing

SALIC Whistleblowing policy sets the standards to be adhered to by all employees and related parties of SALIC to report any suspected or actual violations.

whistleblowing@salic.com

+966 11 268 1397

Report an incident

Anonymous Reporting

Anonymous reporting is permissible under SALIC's Whistleblowing Policy, as SALIC would rather receive anonymous reports than not having the concern reported at all, we encourage all SALIC representatives and clients to report any violations or misconduct without any fear through confidential and secure channels, by providing and emphasizing on the protection of anyone raising a genuine concern about suspected wrongdoing from reprisal, even if they turn out to be mistaken.

Confidentiality Commitment

SALIC is committed to providing support and cooperating with employees, subsidiaries, affiliates, and all related stakeholders on any concerns. The cornerstone of SALIC whistleblowing mechanism is the complete confidentiality of disclosures. SALIC will protect the anonymity of the Whistleblower with utmost earnestness.