The Company is committed to follow the best international practices for corporate governance for the benefit of its shareholders, customers, employees and other stakeholders based on the principles of fairness, transparency and accountability. It is the Company’s belief that good corporate governance is crucial to create and sustain shareholders and customers’ value.

In line with the Corporate Governance Code issued by the Ministry of Industry and Commerce and the high-Level Control Module of the Central Bank of Bahrain Insurance Rulebook (Volume 3), the Company has developed a Corporate Governance Manual that is being reviewed and updated as required.

Corporate Governance Framework

The Company, through its Board of Directors, has established a governance framework which includes formalized policies, procedures, guidelines and relevant management reporting requirements. The Company’s governance practices are under continuous review to meet best standards and to be in line with the regulatory authorities’ requirements. The main policies are reflected in the Company’s Corporate Governance Manual and the conflict-of-interest Policy. The Board’s main function is to ensure that there are appropriate procedures and processes in place to implement the required corporate governance standards in the Company.

The Company’s management is dedicated to ensure that there are appropriate procedures and processes in place to implement the required corporate governance standards in the Company.