Almarai among 2020’s top the 10 companies in Corporate Governance
Almarai was ranked among the top ten companies in the Kingdom’s Non-Financial Corporate Governance Index traded in the Saudi market. This was part of the Corporate Governance Index launched by the General Investment Authority in cooperation with Alfaisal University; it enhances the Kingdom’s economy and stimulates investment.
The Corporate Governance Index “CGI” is a scientific measure developed by the Corporate Governance Research Center at Alfaisal University in cooperation with Harvard University to provide an official database for companies listed in the financial market and build an independent and reliable index to assess the quality of corporate governance.
“We are pleased with this ranking, which confirms the effectiveness of Almarai’s strategy in setting the rules and regulatory standards’ to ensure compliance with the best governance practices that cover the protection of our shareholders’ rights,” said Abdullah Al-Otaibi, Head of Corporate Communications and Public Relations. And he added: “We believe that a sound governance system is an important tool for the long-term growth of the company’s business and investments, which is consistent with our commitment in Almarai to quality in all processes and products.”
Almarai is the largest food producer and distributor in the Middle East, with products reaching more than 42 million consumers daily in the GCC countries, Egypt, and Jordan.