Rule 9: Recognizing Stakeholders' Roles

To combat conflicts of interest and manage related-party transactions, the company has issued a systematic policy based on the highest governance standards, prepared according to the CMA's Corporate Governance Regulations. This policy aims to maintain stakeholders' trust by minimizing conflicts of interest in business transactions and contracts executed for the company's benefit, based on the principle that all related-party transactions should be conducted on a purely commercial basis (i.e., on terms no more favorable than those applied to ordinary transactions with independent third parties, always acting in the company's interest). Examples of related-party transactions include:

  1. Financing any related party.
  2. Buying or selling an asset to any related party.
  3. Leasing an asset from or to a related party.
  4. Entering a joint venture or investment with any related party.
  5. Providing or receiving services from any related party.
  6. Issuing securities or granting options to a related party.
  7. Guaranteeing any obligation of a related party.
  8. Incurring expenses on behalf of any related party.


Jubail (Headquarters)
P.O.Box 11133
Jubail Industrial City, 31961, Kingdom of Saudi Arabia

P.O.Box 30144
Yanbu Industrial City, Kingdom of Saudi Arabia

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