High standards of trust and integrity between the Group and its clients are a top priority. They are among the most important pillars upon which the Group builds its reputation amongst its clients and stakeholders. The protection of this reputation in all activities carried out by the Group must be firmly rooted in the minds of the Group’s personnel. This requires them to have a high level of trust, integrity and professionalism while carrying out the tasks assigned to them, and their behaviors must be committed to the letter and spirit of the laws, regulations and instructions governing the Group’s activity.
The Compliance Program is a practice driven to enhance the application of good governance that was implemented in the Group. The compliance division carries out an independent function of identifying and assessing the risks of non-compliance with laws, regulations, standards and the Group’s policies, providing advice and guidance, monitoring and preparing reports on compliance and potential risks to the Group as a result of its failure to comply with the applicable laws, regulations, Code of Conduct and sound standards and practices, and submitting these reports to the competent departments in the Group.
The compliance function is one of the most important factors for the success of the Group, since it plays a key role in maintaining its reputation, credibility and client interests and providing protection against penalties.