Disclosure and Transparency Policy

1.1. Purpose The purpose of the disclosure and transparency policy is to ensure that the Board will endeavor to assure disclosing all material information pertaining to SADAFCO timely and accurately, including financial situation, position, performance, and governance of the Company. 1.2. Disclosure Presumptions This policy obliges SADAFCO to the principle of maximum disclosure; meaning that […]

Read more »

Whistle Blowing Policy

1.1. Purpose Any person (whistle blower) with well-intention raising a secret or anonymous concern regarding a potential wrongful behavior. Whistle blowers are not those who report through ordinary administrative channels for the public. This policy ensures to protect all members of the Board and its committees, executives, and employees (concerned persons) who work for SADAFCO […]

Read more »

Risk Management Policy

Terms & Definitions   Business Process Integration – Comprises the activities, tasks and steps required to ensure business processes are designed and operated to reflect all obligations and that these processes are fully embedded in the business to effectively manage all types of organizational risks. Risk – Effect of uncertainty on objectives. Where an effect […]

Read more »

Stakeholder Policy

Relations with Stakeholders 1.1 Purpose This chapter aims at clarifying the policies for managing affairs pertaining to relations with stakeholders under the Board of Directors of SADAFCO. 1.2 Relations with Stakeholders: Overview Stakeholders are individuals or group of individuals with direct or indirect stake in the Company and can affect or be affected by the […]

Read more »

Dividend Distribution Policy

.  Dividend Distribution Policy The Dividend Distribution Policy is prepared as per the requirements of Article (9) of Corporate Governance Regulations, Companies Law and Corporate Bylaws. 1.1 . Payment Date of Dividends: The Board shall execute the General Assembly resolution regarding distribution of dividends to the registered shareholders who owned shares on the eligibility date […]

Read more »

Code of Conduct

1.1. Purpose This Code of Conduct and Ethics (the “Code”) includes the policies in relation with the standards of ethical practices of the Board members, committee members, executives, directors and employees (jointly referred to as “concerned persons”) are expected to comply with these standards while carrying out their duties before SADAFCO. Moreover, this policy sets […]

Read more »

Conflict of Interests Policy

Conflict of Interests Policy 1.1. Purpose This policy shall be applied to all persons “concerned persons” who are obliged to perform duties with honesty towards SADAFCO. This policy aims at explaining the practices that will prevent conflicts of interests with the concerned persons. In addition, this policy is intended to assist the Board members to […]

Read more »

Corporate Governance Code

SADAFCO’s Board of Directors adopted a special Corporate Governance Code in 2013, and it has been amended several times since that date, the most recent update was in 2019, to be in accordance with the requirements of the Corporate Governance Regulations issued by the Capital Market Authority (CMA). This Code includes the best CG practices […]

Read more »

Company’s Committees

SADAFCO has two committees including (Audit and Remuneration & Nomination Committees). These Committees perform their duties and responsibilities based on policies, regulations and related governance documents approved by the Board of Directors or the General Assembly, depending on the case. They will determine their authorization level and work procedures. Audit Committee CompositionMr. Faisal Hamad Mubarak […]

Read more »

Corporate Governance

Strong corporate governance is an integral part of the core values of Saudia Dairy and Foodstuff Co. (“SADAFCO” or the “Company”). SADAFCO has established processes and controls to balance the relationship between the various stakeholders, and always strives to maintain high standards of governance within Its commitment to maximize the added value of the Company. […]

Read more »