Corporate Governance

Al Mulla Group is a closed shareholding company and is privately held by the Al Mulla family. The vision and business outlook for the whole group is set by the shareholders through the Board. This vision is then translated into strategic execution by the management, who manage the operations of each business unit in sync with the objectives.

In order to maintain the highest level of integrity in the Group’s conduct and operations, all our companies and subsidiaries are held to the stringent standards of corporate governance, ensuring that they comply with the latest international standards, national laws and regulations, and industry best practices. The Group works with internationally reputed consulting firms to continuously improve processes and ensure a work environment that honors transparency, integrity, and honesty at every step of the way.

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 the 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.