Given the notable development in governance and compliance standards within the Saudi economy and market regulations, in accordance with the statutory requirements of regulatory bodies to enhance transparency—positively impacting the Kingdom’s ranking among its competitors at the World Trade Organization (WTO)—and based on the applicable laws such as the Capital Market Law issued by  Royal Decree No. (M/30) dated 2/6/1424H, the Cabinet Resolution No. (91) dated 16/4/1424H, and the Corporate Governance Regulations issued by the Board of the Capital Market Authority under Resolution No. (8-16-2017) dated 16/5/1438H, we outline below our most significant contributions in this field:

• Supporting the Board of Directors of a listed company with a capital exceeding SAR 500 million in issuing corporate governance policies and an Authority Matrix, and reviewing them from a legal perspective to ensure alignment with the company’s activities, policies, and applicable laws.

• Providing legal review of an Environmental, Social, and Governance (ESG) governance policy for a listed company to ensure alignment with the infrastructure requirements of NEOM projects.

• Preparing the first and second Environmental, Social, and Governance (ESG) sustainability reports, and providing legal support for a listed company on the Saudi Stock Exchange (Tadawul) with a capital exceeding SAR 3.016 billion, in compliance with the requirements of the Capital Market Authority (CMA) and the disclosure standards approved by regulatory bodies, reflecting the company’s commitment to transparency and sustainability in line with ESG frameworks in the Kingdom of Saudi Arabia.

• Implementing the Board of Directors’ initiative for a privately owned listed energy company by drafting a risk management policy and compensation procedures related to service provision to users, in accordance with applicable laws and regulatory directives.

• Preparing a comparative legal study to align the company’s bylaws with the provisions of the new Companies Law issued by Royal Decree No. (132/M) dated 1/12/1443H and its implementing regulations, for a publicly owned (single shareholder closed joint-stock) company with a capital of SAR 250 million, taking into account the special statutory exemptions granted to it by the Cabinet resolution at its establishment. This included providing legal advisory services and support to govern the Board of Directors and enhance its compliance with relevant laws and the new Companies Law.

• Providing legal support to the Board of Directors of a company holding security-related authorizations and licenses from regulatory bodies to ensure governance and protection of contracts and information, in line with the Personal Data Protection Law.

• Preparing a comprehensive bilingual (Arabic and English) legal reference checklist, complete with sources and references covering the laws, regulations, and rules relevant to the activities of a closed joint-stock company with a capital exceeding SAR 930 million, specialized in contracting, construction, and manufacturing industries. The checklist ensures regulatory compliance, enhances operational efficiency and the company’s reputation, and serves as a unified reference for relevant departments and divisions to consult during business operations and project execution.