Board Report

* Board Report for the fiscal year ending 31/12/2022

Over the past few years, the world has experienced an unprecedented series of events that have fundamentally changed communities and organizations, and which in many countries have changed the fundamental contract between organizations and the communities within which they do business. Leaders of the Saudi Arabia set a vision to enable their country to seek prosperity in a sustainable way and make the best of today’s knowledge, technology, and resources. This sets the path to make the Saudi Arabia a bedrock for innovative industries and talent development, which, in turn, should support local companies growing into world leaders in their domains.

In the context of national and international change, more is expected from the boards of Saudi Arabia-based companies than ever before. One consequence is an unprecedented focus on corporate governance, from board composition to effectiveness and resilience. Internationally, boards are also expected to lead their organizations in driving a purpose-led culture and own the conversation with employees about how strategy, purpose, and culture need to blend to enable sustainable growth.