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Governance and Compliance
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Governance and Compliance

Governance and compliance enhance the trust of customers and investors through transparency and integrity in all company practices. It also ensures sustainability and adherence to laws, contributing to long-term growth and a strong professional reputation



A Brief Overview of Governance in the Company

Khalid Al-Dhafeer & Brothers Logistics Services Company applies the best and highest standards regarding corporate governance, ensuring several key factors such as: transparency, accountability, efficiency, and compliance with regulations and legislation to strengthen trust between the company and stakeholders, improve institutional performance, ensure business sustainability, reduce legal and financial risks, and enhance compliance. Among these key factors are:



The Beginnings

Khalid Al-Dhafeer & Brothers Logistics Company was founded more than four decades ago. The core principles of governance have been an integral part of its operations, and our vision for corporate governance has continued to evolve as the company’s management transitions to a new generation starting in 2024
Despite the company’s rich history and the strong foundations in its administrative structure, business, and organizational guidelines, we have also been guided by scientific practices in this regard. Over its long history, the company has consistently and continuously used benchmark standards to assess its performance, in order to maintain its position, level of commitment, and the quality of its work through:

Governance Regulatory Framework
Implementation of a clear institutional system
An effective organizational structure that ensures the distribution of responsibilities between the board of directors, committees, and executive management
An approved authority matrix defining roles and powers within the company
Adopted Regulations and Legislation
Compliance with laws and regulations issued by regulatory authorities such as: (Companies Law and the Capital Market Authority regulations)
Legislation issued by relevant authorities: (such as the Ministry of Commerce, Ministry of Transport, etc.)
Continuous review of legislation to ensure compliance and updates as needed
Compliance

Although the company is not subject to the conditions and requirements of a publicly listed company, its accounts are prepared according to standard reporting and financial reporting criteria. An independent audit and review committee has been formed under the company's board of directors. This allows for the implementation of thorough and rigorous reviews of the company’s operations. The audit committee oversees the reliability of the company’s accounts and reports, as well as ensuring the accuracy and integrity of its financial statements

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