Approved Frameworks and Policies

Governance Manual: Alinma Bank adopted the Governance Manual – Version 4.0 on June 21, 2023, as a binding regulatory reference that unifies governance rules, policies, and procedures. It defines the authorities of the Board of Directors and its committees, the responsibilities of executive management and independent control functions, and regulates the rights of shareholders and stakeholders, disclosure controls, conflict of interest, compliance framework, and anti-corruption. The manual also mandates periodic reviews to ensure its continuous alignment with regulatory requirements and best local and international practices.

Governance Framework: The corporate governance framework at the Bank reflects its commitment to applying best practices that ensure transparency, accountability, and compliance through an integrated system of policies, procedures, and organizational structures. This framework serves as one of the main enablers for implementing the Bank’s strategy, as it contributes to enhancing institutional performance efficiency, protecting the rights of shareholders and stakeholders, supporting sustainable growth, and reinforcing trust in the Bank’s long-term practices.

Governance Policies:

Disclosure and Transparency Policy This policy aims to enhance the trust of customers and investors by ensuring the availability of accurate and clear information about the Bank’s activities and financial results. The Bank’s management is committed to regularly and transparently disclosing significant data and material decisions, in full compliance with the regulations and laws issued by supervisory and legislative authorities. The policy also upholds the principles of fairness and equality among shareholders and safeguards the interests of all stakeholders.

Conflict of Interest Policy for Board and Committee Members This policy aims to identify and manage situations where a conflict of interest may arise for Board and committee members, in order to protect the interests of the Bank and its clients. It requires full disclosure of any personal interest that may affect their decisions and includes mechanisms to ensure decisions are made impartially and objectively.
Code of Conduct and Work Ethics Policy for the Board and Board Committees' Members This policy defines the principles and rules governing professional conduct and work ethics for Board and committee members. It aims to promote a work environment that respects ethical values such as integrity, respect, responsibility, and transparency, to ensure decisions are made in the interest of the Bank and stakeholders.
Policy and Controls of Insider Trading Prevention This policy prohibits the use or disclosure of non-public, internal information that may affect the price of the Bank’s securities by Board members, employees, or related parties. It aims to ensure integrity and fairness in financial transactions and protect the Bank from any unlawful practices.
Controls, standards and Procedures of Nomination to the Membership of the Board of Directors The criteria and procedures for nominating board members aim to regulate the nomination process by defining the relevant criteria, standards, and procedures. This ensures the selection of candidates who possess the necessary competence, experience, and independence, in accordance with applicable regulatory requirements. These criteria also contribute to enhancing the principles of good governance, achieving transparency and fairness in the nomination process, and supporting the effectiveness of the board’s performance.
Diviend Distribution Policy The Profit Distribution Policy aims to clarify the mechanism and rules for distributing profits, ensuring the rights of shareholders and guaranteeing fairness and transparency in distribution. This is in compliance with the bank’s bylaws and the instructions of regulatory and supervisory authorities.