Saudi Airlines Catering recently won an award at the annual Corporate Governance Conference.
The event was organized by the Corporate Governance Center at the College of Business of Alfaisal University, in collaboration with the Capital Market Authority, Saudi Arabia General Investment Authority (SAGIA), and the Ministry of Commerce and Investment.
Saudi Airlines Catering was ranked second among the top five best companies in the Kingdom that scored highest according to the Corporate Governance Index (CGI) in which 171 listed companies in the Saudi Stock Exchange participated.
Wajdy M. Al-Ghabban, CEO of Saudi Airlines Catering, received the award. “We are extremely pleased to receive this prestigious award. Saudi Airlines Catering went above and beyond to yield exceptional and consistent performance in corporate governance, which greatly benefited our company and contributed to our growth and diversification allowing us to keep up with Saudi Arabia’s Vision 2030,” he said.
Al-Ghabban expressed appreciation for Alfaisal University’s initiative and support to the Corporate Governance Index in Saudi Arabia. He said the award will encourage the company to strive for higher excellence and greater achievements.
Sultan Albooq, general counsel and VP for corporate affairs at Saudi Airlines Catering, said: ”An award as such is considered very important, especially to investors, as it creates a solid trust that could only be attained by the transparency that proper corporate governance allows for. Abiding by corporate governance regulations also helps ensure that the operations of our company are organized without any delay. As the years passed and the results solidified, we became more and more interested to be the leaders in this field and so this award is the result of our hard work and perseverance.”
The Corporate Governance Index at Alfaisal University aims to affirm the necessity to implement sound corporate governance practices in line with global standards and Saudi Vision 2030.
