HRH Prince Mohammed Khalid Al-Faisal
- Chairman of the BoD
- Chairman of ExCom
- Chairman of IC
Corporate governance
stc group’s Board of Directors is committed to applying an effective corporate governance framework that defines the roles and responsibilities of the Board and Executive Management, ensuring the application of effective decision-making, compliance and risk management practices. This framework is aligned with the stipulations of the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations of the Capital Market Authority and all other relevant regulations in the Kingdom of Saudi Arabia.
At stc group, robust governance is fundamental to its success and sustainable growth. stc group implements a dynamic and evolving framework to promote excellence and compliance throughout stc group. By cultivating a unified culture of accountability, agility and transparency, stc group enhances its governance maturity, strengthens stakeholder trust and creates lasting value for shareholders, partners and communities.
stc Board of Directors
H.E. Dr. Khaled Hussain Biyari
- BoD Member
- ExCom Member
Mr. Yazeed Abdulrahman
Al-Humied
- Vice Chairman of the BoD
- ExCom Member
Mr. Ahmed Mohammed
Al-Omran
- BoD Member
- RC Member
Ms. Rania Mahmoud Nashar
- BoD Member
- Chairperson of RC
Mr. Sanjay Kapoor
- BoD Member
- ExCom Member
Mr. Arndt Rautenberg
- BoD Member
- IC Member
Ms. Sarah Jammaz Al-Suhaimi
- BoD Member
- NRC Member
- IC Member
Mr. Jameel Abdullah Al-Mulhem
- BoD Member
- Chairman of NRC
Mr. Walid Ibrahim Shukri
- BoD Member
- Chairman of AC
- RC Member
Dr. Ibrahim Saad Al-Mojel
- BoD Member
- ExCom Member
- IC Member
stc group governance framework
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At the group level, stc’s governance practices are unified across all subsidiaries, reflecting its commitment to integrity, transparency and accountability. Through a comprehensive oversight model supported by clear reporting channels and escalation mechanisms, stc group ensures consistent implementation of governance principles, effective performance monitoring and transparent communication throughout stc group. Furthermore, this enables a sound and transparent multi-layer decision-making process between stc group and its subsidiaries. These practices reinforce stc group’s position as a prime example of corporate governance excellence and support its continuous commitment to sustainable growth and long-term value creation for its shareholders and stakeholders.
stc group is committed to improving the governance practices in its subsidiaries by driving the enhancement of subsidiaries’ board stewardship, cascading policies and methodologies and conducting an annual governance maturity assessment. This evaluation measures the extent to which governance requirements are adopted and implemented, while identifying potential areas for improvement. Through this proactive strategy, stc aims to drive consistency of governance practices across the group, while considering the different types of subsidiaries’ businesses and the legal boundaries.
stc group is keen to benefit from the best applicable local and international practices to foster a culture of governance at stc and achieve, and more importantly maintain, the highest levels of transparency, disclosure and targeted sustainability by adopting the best practices of governance ‒ local, regional and global ‒ and embedding these practices across the different charters and documents of stc group governance, including, for example, but not limited to, as recently updated below:
- stc group Board Audit Committee Charter was approved by the General Assembly.
- stc group Board Risk Committee Charter was approved by the Board of Directors.
- Code of Ethics and Business Conduct was approved by the Board of Directors.
- The continuous evaluation and review of the Board of Directors’ policies, charters and delegation of authorities.
Moreover, to apply the highest levels of transparency and in compliance with relevant regulations, stc group is committed to publishing all its documents on its website (www.stc.com.sa), which includes the governance mission and objectives in addition to its governance documents, including:
- stc group Bylaws.
- Board and Committee Charters.
- stc group Governance Charter.
- stc group Competing Standards Charter.
- Code of Ethics and Business Conduct.
- Board Members’ appointment, compensation and Executive Management compensation Policy.
- stc group Conflict of Interest and Related Party Transactions Policy.
- Whistleblowing Policy.
- Anti-fraud and Anti-corruption Policy.