Corporate Governance

Our code of Corporate Governance is implemented through the establishment of Board Committees and internal control policies. We are continuously improving our code with an emphasis on achieving the highest standards of practice, professional and reliable service and constant growth within the company.

Growth

Growth targets are constantly revised to reflect the confidence in Saudi Arabia's vibrant real estate and infrastructure development market. The subtle differences across the country from East to West and the many rapidly growing projects are forming the awareness of district cooling and its enormous benefits within society. For these reasons, Saudi Tabreed confidently remain on course to expand cooling capacities, doubling revenues by 2018.

Saudi Tabreed forge solid relations with the Government and the Private Sector, actively participating in local as well as international district cooling forums, advantageous in remaining receptive to learning from the experiences of others who understand the benefits of district cooling and see it as one of the most viable technologies in helping to reducing the domestic demand for oil. Saudi Tabreed exerts a vast amount of time and effort in helping the Government and Private Sector's to develop a KSA District Cooling Regulation and as a company we can observe and act on the growing interest in district cooling by industries eager to reduce their carbon footprints, such as SABIC and ARAMCO.

“At Saudi Tabreed we pride ourselves on the good relationships we have with our stakeholders, supply chain and subsidiaries”

Stability

“At Saudi Tabreed we pride ourselves on the good relationships we have with our stakeholders, supply chain and subsidiaries”

Our strategy for growth is anchored on a platform of stable and profitable projects that perform above and/or better than their target levels. The Asset Management team supports the swift resolution of billing and commercial issues, stabilising earnings and returns. Emphasis continues to be placed on containing costs within budgets, formalising standard accounting and reporting practices across all schemes. Saudi Tabreed is in the process of developing and implementing an Enterprise Risk Management (ERM) system with the scope to cover all subsidiaries and joint ventures. HSE performances are assured by our HSE team who undertake periodic inspections and audits. With monthly monitoring and reporting of HSE, performances continue and is well within targets.

At Saudi Tabreed we pride ourselves on the good relationships we have with our stakeholders, supply chain and subsidiaries. Keeping in close communication and contact with our partners is an ongoing objective to ensure we build trust and co-operation networks. The provision of technical support, consulting services and training events to our extended team and associates will continue so as to maintain and improve standards and share experiences.