Corporate Governance

Nakilat strives to achieve good corporate governance. Good corporate governance means that the company practices transparent disclosure procedures to give all stakeholders precise information regarding financial, operational and other aspects of the business. One of the main objectives of Corporate Governance is maximizing the returns to all stakeholders through exercising effective guidance on and control over the company’s activities, while maintaining integrity, objectivity and transparency. Nakilat believes that adopting international standards will enable us to realize transparency, integrity, and trust in our financial statements and thereby boost the confidence of debtors and lenders in the company, as well as assist investors make the right investment decisions.

Nakilat believes that applying a good corporate governance framework and principles is essential to assist the company in achieving its goals and objectives. Nakilat’s Board of Directors is committed to the company’s long‑term sustainable value creation based on strong principles of governance, so that the company can continue to deliver constant value over time. The economic value generated through a well-managed and governed enterprise not only benefits shareholders but also local communities through job creation and societal development by means of corporate social responsibility activities.

Recognizing the relationship between good governance and sound financial performance, Nakilat strives to adhere to leading governance practices and complies to Qatar Financial Markets Authority (QFMA) governance guidelines.

As guidelines change and governing requirements become more complex, we at Nakilat, continue to take dynamic measures and remain committed to further enhance and sustain the highest ethical standards of Corporate Governance in line with international best practices as well as create a strong compliance culture.

The Board of Directors firmly believes that good corporate governance is fundamental in ensuring the proper management of Nakilat, while taking into consideration the interest of all stakeholders. We recognize that the way we interact with stakeholders is key for the success of our business. Nakilat believes that as the global awareness toward governance becomes vital, we aim to undertake every necessary effort to raise awareness about governance within the company.

Nakilat governance report has been prepared in compliance with QFMA governance code and its shared with all concerned stakeholders and the public on Nakilat’s website.

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