The company's Board of Directors seeks to adopt an appropriate general governance framework that will enhance the general governance environment within the company in accordance with leading practices and applicable laws and regulations.

The Board of Directors remains determined to meet the requirements of the Governance Regulations issued by the Capital Markets Authority, as a minimum, through disclosures to the regulatory bodies and related parties therein. The general governance framework approved by the company is subject to the following:

* Book Fifteen of the Executive Regulations issued by the Capital Markets Authority regarding corporate governance.

* Provisions of Companies Law No. 1 of 2016.

* Company incorporation contract.

*Policy of the company.

The Board of Directors, through the relevant committees, supervises the implementation of the general governance framework. Effective implementation and follow-up of the overall governance framework must ensure that the company complies with applicable laws and regulations.
The Board of Directors intends to review the general governance framework and all relevant policies through the Compliance and Compliance Department in coordination with the relevant authorities on an annual basis or when needed at the discretion of the Board of Directors and under any applicable laws or regulations. Through this review of the general governance framework, the Board of Directors ensures its continued consistency with leading practices.
This guide is an integral part of the company's governance framework. This guide was developed considering the corporate governance rules issued by the Capital Markets Authority, in addition to other regulatory requirements, and leading international practices in this regard.