Governance that protects our legacy and enables growth
AMSA Holding's governance framework rests on one principle, “centralised governance, decentralised empowerment”: clear direction and oversight at Group level, with operational autonomy for every subsidiary.
Four principles that guide our decisions
Clear roles
Defined roles for shareholders, the Board, executive management and subsidiaries.
Documented authorities
Every decision follows a clear delegation of authority and approval matrix.
Independent oversight
Independent internal audit, and an external auditor of proven independence and competence.
Disclosure & accountability
An annual Board report submitted to shareholders, and a strict conflict of interest policy.
A Board that sets direction and oversees performance
The Board holds the broadest powers to achieve the company's objectives and safeguard its interests, in accordance with the Saudi Companies Law, the company's bylaws and the Board Charter approved by the shareholders.
Key Board responsibilities
- Setting, reviewing and developing strategies, plans and policies
- Approving the organisational structure and internal regulations
- Approving budgets, final accounts and the annual report
- Approving the disposal of assets and the financing of company projects
- Forming specialised committees and approving their procedures
- Engaging experts and advisors when needed
Clear references for every decision
Companies Law & bylaws
AMSA Holding operates as a closed joint stock company under the Saudi Companies Law and its bylaws.
Family Charter
The family's reference on ownership and governance matters, complementing the Board Charter.
Board Charter
Approved by the shareholders, defining the Board's authorities, committees, remuneration and ways of working.
Delegation of Authority & approval matrix
Defines decision-making and approval levels across the holding company and its subsidiaries.
Policies & procedures
A unified policy suite covering human capital, internal audit and subsidiary governance.
Internal audit
An independent function that assesses internal controls and reports its findings to the relevant oversight bodies.