The Saudi Arabian Mining Company (Maaden) recently added to its growing list of local and international awards by winning the 2015 Saafa Transparency Award.

The Saudi Saafa Foundation for Transparency and Integrity announced that Maaden won the award during the foundation’s quarterly gathering on Jan. 31.

The award promotes the values of transparency, integrity, fairness and accountability in the workplace. It honors Saudi firms that have adopted and promoted these values, and recognizes award winners as role models.

Al Abdulqader, chairman of the Saafa Transparency Committee, said Maaden won the award because it had achieved significant progress in corporate governance, disclosure and transparency through the application of a world-class code of conduct and robust policies addressing whistle blowing and conflict of interest.

Maaden was also recognized as a leader in CSR for its community development initiatives, for providing employment opportunities to local communities, and for its commitment to protecting the environment in areas where the company operates.

Maaden President and CEO Khalid Al-Mudaifer said: “Winning this award is a testament to our values, which every employee has committed to adopt and embed in his daily activities. The award also reinforces our system of governance, which protects the interests of our shareholders, employees, customers, communities and the environment.”

Maaden has also focused on transparency in disclosure. By ensuring that high quality company information is disclosed to stakeholders simultaneously, Ma’aden seeks to promote fairness and protect the rights of all stakeholders while still meeting the expectations of the financial community.

“I want to thank the Saafa Foundation for this tremendous honor,” said Al-Mudaifer, “but I also want to thank all Ma’aden employees; it is their commitment to adopting and promoting corporate integrity that led to this latest award.”

Maaden also won the award for Best Corporate Governance from World Finance Magazine in 2014.