Envisioning And
Building The Future

At AlFaris Group, we empower growth and elevate communities by embracing diversity, fostering equality, and driving meaningful change together.
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Strategy

AlFaris Group’s GRC
(Governance, Risk, and Compliance)

At AlFaris Group, we are dedicated to implementing best practices and conducting our operations in an efficient, professional, transparent, and honest manner, grounded in high ethical standards within our work environment. The Board of Directors, supported by the executive management committee and the internal auditing team, is responsible for ensuring the application of institutional governance across all activities, operations, and procedures. Institutional governance encompasses the following elements

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Transparency and Reliability

Provide transparent accurate and reliable reports

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Legal & Regulatory Standards

Compliance with local and international laws rules and regulations

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Strict Adherence to Policies

Adhere to the policies and procedures of the company.

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Code of conduct

Our Code of Conduct reflects our commitment to ethical business practices, privacy, and confidentiality.

Commitment to ethical behavior
Respect for privacy and confidentiality
Adherence to company policies
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Risk Management

We identify, assess, and mitigate risks to protect our stakeholders and ensure business continuity.

Risk Identification
We proactively uncover potential risks by thoroughly analyzing business processes and environments, ensuring no vulnerabilities are overlooked
Risk Assessment
We evaluate the likelihood and impact of identified risks to prioritize them effectively and prepare tailored mitigation strategies.
Risk Mitigation
By implementing strategic solutions, we minimize threats and safeguard our operations, ensuring stability and resilience across all sectors.
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Group Internal Audit

Our internal audit team provides independent assurance and advisory services to enhance operational efficiency.

Independent Oversight & Advisory
Stakeholder & Board Collaboration
System Strengthening
Transparent Reporting
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Privacy Policy

We prioritize the protection of personal information and ensure compliance with legal standards.

Data Collection
At AlFaris Group, we are committed to transparency in how we collect and use your personal information. We collect data through various channels, including our website, customer interactions, and business operations, to provide you with the best possible services. This information may include your name, contact details, and preferences, which are gathered with your consent and used to enhance your experience with us. We ensure that all data collection practices comply with local and international privacy laws, safeguarding your information at every step.
Data Sharing
We may share your personal information with trusted third parties who assist us in operating our website, conducting our business, or servicing you. These third parties agree to keep this information confidential and use it only for the specified purposes. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others' rights, property, or safety.
Data Retention
We retain your personal information for as long as necessary to fulfill the purposes outlined in this privacy policy unless a longer retention period is required or permitted by law. We determine this retention period based on the nature and sensitivity of the data, the potential risk of harm from unauthorized use or disclosure, and legal requirements. Once your data is no longer needed, we will securely delete or anonymize it.
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Internal Control Framework

Our internal control system ensures the achievement of business objectives while safeguarding assets.

Control Environment
We establish a culture of integrity and accountability, ensuring ethical business practices and leadership commitment at all levels.
Information & Communication
We identify and evaluate risks that may impact business objectives, allowing us to implement proactive for risk mitigation.
Control Activities
We enforce policies, procedures, and operational safeguards to maintain accuracy, security, and efficiency in business processes.
Monitoring & Reporting
We continuously track and assess internal controls, ensuring compliance and improvements through audits and real-time reporting.

Executive Management Committee

The Executive Committee reviews all investments to ensure a balance between returns and risks. It also evaluates the effectiveness and efficiency of the internal control system to ensure independence and objectivity, and recommends necessary improvements. The committee consists of members of the Board of Directors and the Executives of the respective services.

AlFaris Group
Board of Directors

Board of Directors fulfills its responsibilities under the guidance & supervision of the Chairman. It reviews and approves the overall strategy for the group, oversees all operations and activities, approves appropriate controls, and strives to align and integrate the group's goals and objectives.

CHAIRMAN

Mr. Saeed Al Hajri
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CEO

Eng. Faris Al Hajri
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COO

Eng. Ali Al Hajri
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Board Member

Eng. Meshaal Al Hajri
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