Our Governance

THE GOVERNANCE FRAMEWORK AND OBJECTIVES, AS WELL AS THE MANNER IN WHICH THE AUTHORITY’S MANAGEMENT IS OPERATIONALLY INDEPENDENT FROM THE OWNER

Objectives

Capital Riches investment mandate includes an objective to invest domestically and internationally. In addition, it acts as custodian for certain domestic funds and assets of its clients in order to provide oversight and to support effective management of their assets.

We at Capital Riches seeks to achieve real long-term investment returns without exposing the Portfolio to unacceptable levels of risk.

Authorities of the Board

• 1. Laying down the Authority’s general policies, within the framework of the general policy approved by the Supreme Council for Economic Affairs and Investment.
• 2. Approving the investment programs and projects of the Authority and following up on their execution.
• 3. Evaluating the performance of investments in accordance with the set strategies and long-term plans.
• 4. Approving the standards and criteria of investments, as proposed by the CEO.
• 5. Approving the organizational structure of the Authority.
• 6. Issuing the HR regulations for the Authority’s Employees, and the regulations for Tenders and Biddings, and other internal regulations.
• 7. Approving the important policies for the Authority including the governance policies, investment policy, the Risk Management Framework, the policy setting the relationship between the Authority and its subsidiaries, and the policy defining the relationship between the Authority and third parties.
• 8. Approving the annual budget and the closing account of the Authority and submitting them to the Supreme Council for Economic Affairs and Investment for approval.
• 9. Considering the periodical reports and follow-up reports concerning Authority works, which shall be submitted by the CEO to the Board.
• 10. Submitting the required reports about the activities of the Authority to the Supreme Council for Economic Affairs and Investment.