At Al Rajhi Building and Construction Company, we are committed to achieving the highest standards of governance and transparency, as evidenced by our obtaining an A+ rating in financial stability and governance from an accredited rating agency. This achievement reflects our firm commitment to establishing effective governance rules as a fundamental pillar for the success and sustainability of our business.
Governance Vision
We believe that effective governance requires a clear strategic vision, a board of directors and an executive team that are efficient and fully aware of the importance of implementing governance rules. To achieve this, we have developed a clear organizational structure that clearly defines roles, competencies and responsibilities, while promoting a work culture of transparency and commitment. We also rely on an integrated internal control system that includes key functions such as:
Clear strategic planning to enhance the achievement of goals.
Effective management of the investment portfolio to ensure the diversity and sustainability of investments.
Strict policies and procedures that manage daily operations effectively.
Internal and external auditing to ensure compliance with quality and transparency standards.
Risk and compliance management to enhance confidence and ensure continuity.
Corporate Governance Framework
At Al Rajhi Construction & Development Company, we apply a robust governance framework based on the “Three Lines of Defense” model to enhance effective oversight and ensure compliance with laws and standards. This model is represented by:
First Line: Operational Control
Represented by the executive departments responsible for managing daily operations and implementing approved policies.
Second Line: Risk and Compliance Control
Includes the functions of financial control, quality management, and compliance, ensuring that risks are proactively identified and strategies are developed to address them.
Third Line: Independent Internal Audit
Internal audit acts as an independent body that evaluates the effectiveness of control, risk, and compliance systems to ensure that governance principles are applied sustainably.
