As a closed shareholding company, Al Mulla Group manages all its companies and subsidiaries based on stringent standards of corporate governance to maintain the highest levels of integrity in the conduct of the Group’s operations. To ensure a high level of compliance with international standards, national laws and regulations and industry best practices, we work with internationally reputed Consulting Firms to improve our processes and make sure we have a work environment built around the highest levels of transparency, integrity and honesty.
The Group is privately held by the Al Mulla family with Board members predominantly from the third generation. The shareholders - via the Board, set the vision and business outlook of the Group and the executive management team translate this vision into a business strategy to run the operations of all business units accordingly.
The Board is responsible for the systems of risk management and internal controls, which are designed to manage risk and provide reasonable assurance against material misstatement or loss. The Board implements effective policies and procedures for both operational and finance activities across the Group. Additionally, all policies, business processes and finance procedures are subject to scrutiny of an independent in-house Internal Audit Department, which reports to the Board Audit Committee. Further, another independent in-house Compliance Department, which also functionally reports to the Board Audit Committee, ensures compliance with approved Policy & Procedures, applicable laws and regulations and terms and conditions of distributor agreements.