Compliance represents one of the fundamental pillars of stc’s corporate culture and a core element in safeguarding stc’s market value and sustainability.
The Compliance Program operates through an independent sector that reports to the Group Chief Regulatory and Compliance Officer and is overseen by the Audit Committee. This structure ensures independent oversight and effective implementation of regulatory requirements and internal policies, while embedding compliance as a shared responsibility that enhances stc’s growth and supports business efficiency.
Compliance
Compliance Methodology
stc adopts an integrated compliance program based on global best practices, accredited under the international compliance standard ISO 37301:2021. Its methodology is built upon:
· Enhancing continuous communication and engagement with relevant regulatory bodies to ensure effective and sustainable compliance.
· Implementing a proactive approach to assess, identify, and address compliance risks.
· Ensuring comprehensive adherence to regulatory requirements and their rapid updates in alignment with the regulatory environment.
· Developing accurate and transparent periodic reports that reflect the level of compliance with global standards, thereby enhancing transparency and strengthening institutional trust.
Digital Capabilities
Digital transformation is the strategic enabler for enhancing the efficiency of compliance operations, through:
· Automating continuous monitoring by integrating innovative technological solutions to ensure compliance.
· Advanced data analysis using modern technologies to interpret indicators and anticipate regulatory risks.
· Leveraging advanced technologies to automate daily processes.
· Supporting decision-making by providing reliable data that improves response efficiency.
Empowering Competencies and Continuous Awareness
Compliance is a culture that begins with the employee; therefore, we invest intensively in:
· Developing professional training programs to empower personnel and build specialized skills in compliance.
· Activating the Code of Ethics to embed integrity and transparency as the foundation of professional conduct.
· Conducting specialized workshops to transfer knowledge and apply compliance standards.
· Launching continuous awareness campaigns to strengthen compliance culture and embed it as a daily practice.
· Organizing Compliance Day events to renew regulatory values and celebrate institutional excellence.
