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i.
Develop the annual report (CG and compliance Part) as well as the related periodic
reports
and ensure their compliance with regulatory standards and requirements;
j.
Arrange for the Ordinary and Extraordinary GA in light of the provisions of Chapter
II of the CG Regulations issued by the CMA and the Company's Bylaws that related
to the Shareholders Assemblies.
k.
Review the minutes and resolutions of the Board and Committees to make any
observations thereon (if any) in light of the CG requirements, relative regulations and
the LoA approved by the Board to confirm compliance;
l.
Review all material disclosures that may affect security price before it is publication,
including periodicals, newsletters and publications issued by the company as well as
the company's website and social media sites to ensure their compliance with the laws
and regulations of the listed companies, so that the company avoids any violations
that may occur as a result of that;
m.
Manage the operating online systems and Company’s account with the CMA and
(Tadawul) and update them periodically.
n.
Prepare the Company’s announcements, and ensure their compliance with rules and
standards and supervise their publication on Tadawul website
and circulate them to
the Board members and the executives. In addition, the department shall
notify/update the Board members and executives regularly about relevant
announcements issued by CMA and other listed companies published in Tadawul and
CMA websites through the CG and Compliance Officer.
The Company, from time to time, may seek consultation from a specialized external entity
to assist it to update and enhance its CG framework and standards to regularly match the
leading international practices in the field of CG and compliance.
c)
Risk Management
c-1) Risk Management policy
The objective of this policy is to ensure having an effective and efficient risk management
for the Group and its subsidiaries. To achieve this goal, the Board of Directors and the
Company's committees, including the Risk Management Committee (if any), AC, IC, RNC
Committee and the Executive Management, supervise the risk management activities and
work (each in its area). The Board is responsible for ensuring that the risk management
procedures and measures are being implemented effectively and efficiently. As this leads
to the achievement of the Company's strategic, operational and commercial objectives. The
Board may take the appropriate measures and mechanisms to help achieving this
objective, including the establishing of a special risk management unit.
The Group, like any other economic entity, may be affected by risks through the nature of
its commercial activities in basic food commodities, retail, and other investments. These
risks may be summarized in the possibility of Group operations being exposed to
geopolitical risks that result from its operations outside the Kingdom, as well as
fluctuations in raw material prices, currencies, speculation, and unfair price competition
in the local and international markets where it operates. There are also economic and
political risks in the countries where it operates and risks pertaining to newmarkets in the
