Governance is an important part of the values and practices of the Saudi Stock Exchange (Tadawul), which implements the best corporate governance practices for managing unlisted shareholding companies represented in the Corporate Governance Guidelines for Unlisted Companies issued by the Ministry of Commerce and Investment. In addition, the Company works towards raising the level of transparency and corporate integrity by maintaining the best governance practices based on the following:
The organizational structure including some of the Board committees is shown in the diagram below:
The formation of the Board of Directors of the Saudi Stock Exchange Company (Tadawul) is based on the Capital Market Law promulgated by Royal Decree No. (M/30) dated 2/6/1424 H. As Clause (b) of Article 22 states: "The Company shall be managed by a Board of Directors consisting of nine members, who shall be appointed by a resolution of the Council of Ministers upon nomination by the Chairman of Capital Market Authority. Members shall choose from among themselves a Chairman and a Vice-Chairman. Membership shall be as follows:
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