Which markets are covered?

SouqData covers 11 exchanges across the GCC + MENA region: Saudi Tadawul (TDWL), Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), Qatar Stock Exchange (QSE), Boursa Kuwait (BK), Muscat Securities Market (MSX), Bahrain Bourse (BHB), Amman Stock Exchange (ASE), Borsa Istanbul (BIST), Iraq Stock Exchange (ISX), and Egyptian Exchange (EGX). Coverage depth varies by exchange and is shown per-page.

How current is this data?

Underlying data refreshes daily via an automated pipeline (governance recompute, screener materialised view refresh, disclosure timeliness backfill). Source-data ingestion (annual reports, board changes, dividend declarations) runs on per-exchange cadences depending on filing patterns.

What is the CGX Compliance Scorecard?

The CGX Compliance Scorecard assesses GCC-listed companies against 12 key provisions of the exchange governance code 2018, covering board independence, committee composition, leadership separation, meeting frequency, and remuneration disclosure.

How is CGX compliance scored?

Each company is evaluated on 12 governance provisions and scored as pass, fail, or no-data for each rule. The overall compliance rate indicates the percentage of applicable provisions the company appears to satisfy based on available public data.

What governance code applies to GCC-listed companies?

GCC-listed companies are subject to the corporate governance codes issued by their respective exchange regulators. These codes generally operate on a comply-or-explain basis, requiring companies to either follow each provision or explain deviations in their annual report.

What this page covers

Compliance scoring against 12 key provisions of the exchange governance code 2018 for GCC-listed companies. Board independence, committee composition, and disclosure analysis.

SouqData covers 11 GCC + MENA exchanges (TDWL, DFM, ADX, QSE, BK, MSX, BHB, ASE, BIST, ISX, EGX). Coverage depth varies by exchange and data category — gaps are surfaced in the page's data displays rather than hidden. Underlying data refreshes daily via an automated pipeline; per-exchange ingestion runs on filing-driven cadences.

CGX Compliance Scorecard

Name: GCC Corporate Governance Dataset
Creator: SouqData
License: https://creativecommons.org/licenses/by-nc/4.0/

Compliance assessment against 12 key provisions of the exchange governance code 2018. Each company is scored on board independence, committee composition, leadership separation, meeting frequency, and remuneration disclosure based on available data.

Companies Assessed

379

Avg Compliance

28.0%

Fully Compliant

Most Common Violation

Board majority independent

Compliance Heatmap

Each column represents a CGX rule. Green check indicates compliance, red cross indicates a violation, and gray dash indicates insufficient data to assess.

Ticker	Company	R1	R2	R3	R4	R5	R6	R7	R8	R9	R10	R11	R12
ABRAJ Abraj Energy Services	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ADNH Abu Dhabi National Hotels Co.	✓	—	—	—	—	—	—	—	—	—	—	—	100%
AINS Al-Ahleia Insurance Co.	✓	—	—	—	—	—	—	—	—	—	—	—	100%
ALDAR Al Dar Properties	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALFAJAR Al Fajar Al Alamia	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALMADINA Al Madina Invest	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALMAHA Almaha Petroleum Products	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALMAHACERAM Al Maha Ceramics	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALMIS Al Madina Insurance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALOLA First Investment Co. K.S.C.P.	✓	—	—	—	—	—	—	—	—	—	—	—	100%
ALOMANIYA Al Omaniya Financial	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ALSUWADIPOWER Al Suwadi Power	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ANWAR Al Anwar Investments	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
ARMX Aramex PJSC	✓	—	—	—	—	—	—	—	—	—	—	—	100%
BANKNIZWA Bank Nizwa	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
BARKADESALINATION Barka Desalination	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
BATTINAH Al Batinah Develop	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
BATTPOWER Al Batinah Power	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
BEYON Beyon B.S.C	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
BKSHR Bank Sohar	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
CHLORINE Oman Chlorine	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
CMI Construction Materials Industries	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DHOFAR Bank Dhofar	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DHOFARBEV Dhofar Beverages Food Stuff	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DHOFARCATTLE Dhofar Cattle Feed	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DHOFARIN Dhofar Int Dev & Inv	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DHOFARIS Dhofar Insurance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
DIGITUS Digitus Group for Digital Infrastructure Data Centers & Communications KSCP	✓	—	—	—	—	—	—	—	—	—	—	—	100%
E7 E7 Group PJSC	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
EAND Emirates Telecom. Group Company (Etisalat Group) PJSC	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
FAB First Abu Dhabi Bank	✓	✓	✓	—	—	—	—	—	—	—	—	—	100%
FCI Fujairah Cement Industries	✓	—	—	—	—	—	—	—	—	—	—	—	100%
FNAR Al Fanar Contracting Construction Trade Import & Export Co.	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
GALFAR Galfar Engineering & Contracting	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
GLOBALFIN Global Financial Invest	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
GULFCHEM Gulf Chemicals	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
GULFMUSHROOM Gulf Mushroom	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
HASSAN Al Hassan Engineering	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
IPG Independent Petroleum Group SAK	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
JAZSTEEL Al Jazeera Steel	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
JAZSVCS Al Jazeera Services	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
LIVA Liva	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MAIR MAIR GROUP - P.J.S.C.	✓	—	—	—	—	—	—	—	—	—	—	—	100%
MAJANGLASS Majan Glass	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MCGS Medicare Group QSC	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MENA Mena Touristic & Real Estate Investment	✓	—	—	—	—	—	—	—	—	—	—	—	100%
MULTIPLY Multiply Group PJSC	✓	—	—	—	—	—	—	—	—	—	—	—	100%
MUSANDAMPOWER Musandam Power	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MUSCATDESALINATION Muscat City Desalination	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MUSCATFIN Muscat Finance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MUSCATGAS Muscat Gases	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
MUSCATIS Muscat Insurance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NATDETERGENT National Detergent	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NATFIN National Finance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NATGAS National Gas	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NATWATER National Mineral Water	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NAWRAS Omani Qatari Telecommunications	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
NMDCENR NMDC Energy P.J.S.C.	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMANTEL Oman Telecom	✓	✓	✓	—	—	—	—	—	—	—	—	—	100%
OMCABLE Oman Cables Industry	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMCHROMITE Oman Chromite	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMEDEDU Oman Education Training	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMENG Oman Engineering	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMFISH Oman Fisheries	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMFLOUR Oman Flour Mills	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMREFRESH Oman Refreshment	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OMUNI Oman United Insurance Company	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OOMC Oman Oil Marketing	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OQBASE OQ Base Industries	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
OQGAS OQ Gas Networks	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
PHOENIXPOWER Phoenix Power Co	✓	✓	✓	—	—	—	—	—	—	—	—	—	100%
PHX PHOENIX GROUP PLC	✓	✓	✓	—	—	—	—	—	—	—	—	—	100%
RAYSUT Raysut Cement	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SALALAH Salalah Mills	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SALALAHPORT Salalah Port Services	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SHARQIYA A Sharqiya Invest	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SMNPOWER SMN Power Holding	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SOHARPOWER Sohar Power	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
SRE Salhia Real Estate Co. K.S.C.	✓	—	—	—	—	—	—	—	—	—	—	—	100%
TAAGEER Taageer Finance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
TAALEEM Taaleem Holdings PJSC	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
TAQA TAQA Arabia	✓	✓	✓	—	—	—	—	—	—	—	—	—	100%
TFINCORP The Financial Corp	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
THREADMILLS Muscat Thread Mills	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
UNITEDFIN United Finance	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
VOLTAMP Voltamp Energy	✓	✓	—	—	—	—	—	—	—	—	—	—	100%
1150 Alinma Bank	✗	✓	✓	—	—	—	—	—	—	—	—	—	67%
AIRARABIA Air Arabia PJSC	✓	✗	✓	—	—	—	—	—	—	—	—	—	67%
EMIRATESNBD Emirates NBD Bank (P.J.S.C)	✗	✓	✓	—	—	—	—	—	—	—	—	—	67%
HITS Hikma Pharmaceuticals PLC	✓	✗	✓	—	—	—	—	—	—	—	—	—	67%
ADNOCDRILL ADNOC Drilling Company PJSC	✓	✗	✓	—	—	—	✓	✗	—	—	—	—	60%
SALIK Salik Company PJSC	✓	✓	✓	✓	✗	✗	✓	✗	—	—	✗	—	56%
2POINTZERO Two Point Zero Group PJSC	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
4013 Dr. Sulaiman Al-Habib Medical Services Group Co.	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
4030 National Shipping Co. of Saudi Arabia	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
4200 Aldrees Petroleum & Transport Services Co.	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
7010 Saudi Telecom Co.	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
ADAVIATION Abu Dhabi Aviation Co.	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
AHLIBANK Ahli Bank	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
ASYAD Asyad Shipping Company	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
AWNIC Al Wathba National Insurance Co.	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
EMAAR Emaar Properties (P.J.S.C)	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
ETISALAT Emirates Telecommunications Group Company PJSC	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
ICAP Investcorp Capital PLC	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
JONP Jordan National Bank	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
KFIC KFIC Invest K.S.C.P	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
NBO National Bank Of Oman	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
OQEP OQ Exploration and Production	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
QFBQ Lesha Bank L.L.C	✓	✗	—	—	—	—	—	—	—	—	—	—	50%
QISI Qatar Islamic Insurance Group	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
SALAM Al Salam Bank B.S.C.	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
STC Kuwait Telecommunications Co.	✗	✓	—	—	—	—	—	—	—	—	—	—	50%
KFH Kuwait Finance House K.S.C.	✗	✗	—	✓	✗	—	✓	✗	—	—	✓	—	43%
1180 Saudi National Bank	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
4050 Saudi Automotive Services Co.	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
4280 Kingdom Holding Co.	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
7204 Perfect Presentation for Commercial Services Co.	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
9555 Dirab	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
ADNOCGAS ADNOC Gas plc	✗	✗	✓	—	—	—	✓	✗	—	—	✗	—	33%
BURJEEL BURJEEL HOLDINGS PLC	✓	✗	—	—	—	—	—	—	—	—	✗	—	33%
DANA DANA GAS PJSC	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
DIC Dubai Investment (P.J.S.C)	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
JCBK Jordan Commercial Bank	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
JOPH Jordan Phosphate Mines Company PLC	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
JOPT Jordan Telecom Group (Orange)	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
MKHZN Agility Public Warehousing Co. K.S.C.	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
NAHO Naeem Holding Co.	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
PAPER Shuaiba Industrial Co. (K.S.C)	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
QNNS Qatar Navigation QSC	✗	✗	✓	—	—	—	—	—	—	—	—	—	33%
IQCD Industries of Qatar Co.	✗	✗	—	—	—	—	✓	✗	—	—	—	—	25%
AMR Americana Restaurants International PLC	✗	✗	—	—	—	—	✓	✗	—	—	✗	—	20%
1010 Riyad Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1020 Bank Aljazira	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1080 Arab National Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1120 Al Rajhi Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1183 SHL Finance Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1201 Takween Advanced Industries Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1301 United Wire Factories Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1302 Bawan Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
1320 Saudi Steel Pipe Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
1321 East Pipes Integrated Company for Industry	✗	—	—	—	—	—	—	—	—	—	—	—	0%
1820 BAAN Holding Group Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
1835 Tamkeen Human Resources Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
2001 Methanol Chemicals Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
2060 National Industrialization Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
2083 Power and Water Utility Company for Jubail and Yanbu (Marafiq)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
2120 Saudi Advanced Industries Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
2223 Saudi Aramco Base Oil Company - Luberef	✗	—	—	—	—	—	—	—	—	—	—	—	0%
2280 Almarai Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
2340 ARTEX Industrial Investment Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
2350 Saudi Kayan Petrochemical Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
3004 Northern Region Cement Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
3007 Zahrat Al Waha For Trading Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
3020 Yamamah Saudi Cement Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4007 Al Hammadi Holding	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4009 Middle East Healthcare Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4012 Thob Al-Aseel Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4014 Scientific and Medical Equipment House	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4015 Jamjoom Pharmaceuticals Factory Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4061 Anaam International Holding Group	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4083 United International Holding Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4110 Batic Investments and Logistics Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4140 Saudi Industrial Export Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4191 Abdullah Saad Mohammed Abo Moati for Bookstores Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4192 Al-Saif Stores for Development & Investment Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4261 Theeb Rent a Car Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
4270 Saudi Printing & Packaging Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
4300 Dar Al Arkan Real Estate Development Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
6010 National Agricultural Development Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
6012 Raydan Food Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
7202 Arabian Internet and Communications Services Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
8070 Arabian Shield Cooperative Insurance Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
8120 Gulf Union Alahlia Cooperative Insurance Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
8170 Al-Etihad Cooperative Insurance Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
8190 United Cooperative Assurance Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
8240 Chubb Arabia Cooperative Insurance Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
8310 Amana Cooperative Insurance Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9518 Leaf Global Environmental Services	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9519 AHB	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9520 Future Pipe Industries	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9521 INMAR Company For Real Estate Development and Investment	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9524 Advance International Company for Communication and Information Technology	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9525 Al Samaani Factory	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9526 Batic Investments & Logistics	✗	—	—	—	—	—	—	—	—	—	—	—	0%
9529 Hamat Holding	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9530 Arabian International Healthcare Holding Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
9531 Tanami	✗	—	—	—	—	—	—	—	—	—	—	—	0%
9532 Al-Jouf Healthy Water Bottling Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9534 Bashaer Al Ghad	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9542 Arabian Food Industries (Domty)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9543 Saudi Networkers Services Co., Ltd.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9549 Abdulaziz and Mansour Ibrahim Albabtin Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9556 Taleem REIT Fund	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9572 Al Razi Medical Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9574 Professional Medical Expertise Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9594 Almodawat Specialized Medical Hospital Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9619 Multi Business Group for Projects Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9631 Hedab Alkhaleej Trading Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
9648 Hamad Mohammed Bin Saedan Real Estate Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
AAIN Al-Nisr Al-Arabi Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ABAR Burgan Co. for Well Drilling, Trading & Maintenance SAK	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ABC Arab Banking Corporation B S C	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ABQK AHLI BANK Q.P.S.C.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ABRIJ Al Wathba National Insurance Company PSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ABUS Comprehensive Multiple Transportations Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ACICO ACICO Industries Co. (K.S.C)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ADIB Abu Dhabi Islamic Bank-Egypt	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ADNIC Abu Dhabi National Insurance Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ADNOCDIST Abu Dhabi National Oil Company For Distribution	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
AGTHIA AGTHIA Group	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
AHLI Jordan Ahli Bank	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AICJ Arabia Insurance Company - Jordan	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AIEI Al-Eqbal Investment Company PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AIHO Arab International Hotels	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AJIB Arab Jordan Investment Bank	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AKHI Al Khaleej Takaful Group	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ALDEERA Al-Deera Holding Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ALFA Jordan Investment & Transport Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ALFIRDOUS Al Firdous Holdings PJSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ALG Ali Alghanim Sons Automotive Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ALMANAR Al Manar Financing & Leasing Company K.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ALRAMZ Al Ramz Corporation Investment & Development PJSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ALSAFAT Al Safat Investment Co. KSCC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ALSALAMSUDAN Al Salam Bank Sudan	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ALTIJARIA Commercial Real Estate Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
AMMI Euro Arab Insurance Group	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AQAR Aqar Real Estate Investments Company (K.S.C.P)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
AQRM Al-Quds Ready Mix	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ARABREC Al-Arabiya Real Estate Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ARAM Aram Group	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ARKAN Arkan Al-Kuwait Real Estate Co. (K.S.C.)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ASC Automated Systems Co. KSCC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ATC Advanced Technology Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
BBK Bank of Bahrain and Kuwait B.S.C.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
BEMA Damaan Islamic Insurance Company (Beema)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
BEYOUT Beyout Holding Company K.S.C	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
BIND Bindar for Islamic Finance Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
BLAD Al-Ataa Islamic Bank	✗	—	—	—	—	—	—	—	—	—	—	—	0%
BOJX Bank of Jordan PLC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
BOUBYAN Boubyan Bank K.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
BOURSA Boursa Kuwait Securities Company (K.P.S.C)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
CABLE Gulf Cables and Electrical Industries Group Co.(K.S.C.P)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
CAPL Capital Bank of Jordan	✗	—	—	—	—	—	—	—	—	—	—	—	0%
CBQK Commercial Bank (Q.S.C.)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
CEBC Al-Faris National Company for Investment & Export	✗	—	—	—	—	—	—	—	—	—	—	—	0%
CGC Combined Group Contracting Co. SAKC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
DADI Dar Al Dawa Development & Investment	✗	—	—	—	—	—	—	—	—	—	—	—	0%
DALQANRE Dalqan Real Estate Co. KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
DBIS Dlala Brokerage and Investment Holding Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
DEWA Dubai Electricity and Water Authority (PJSC)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
DFM Dubai Financial Market (DFM) - PJSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
DIB Dubai Islamic Bank PJSC	✗	✗	—	—	—	—	—	—	—	—	✗	—	0%
DICL Delta Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
DOHI Doha Insurance Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
DRC Dubai Refreshment Company P.J.S.C	✗	—	—	—	—	—	—	—	—	—	—	—	0%
DRIVE Emirates Driving Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
DUTYF Bahrain Duty Free Shop Complex	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
EKTTITAB Ekttitab Holding Co. (S.A.K.)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
FACIL Commercial Facilities Co. SAK	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
FALH Al Faleh Educational Holding Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
FERTIGLOBE Fertiglobe PLC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
FFCO First Finance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
FRST First Finance Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
FTI First Takaful Insurance Co. KSCC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
GBK Gulf Bank K.S.C.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
GENI General Investment	✗	—	—	—	—	—	—	—	—	—	—	—	0%
GFH GFH Financial Group BSC	✗	✗	✗	—	—	—	—	—	—	—	—	—	0%
GWCS Gulf Warehousing Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
HIPR High Performance Real Estate Investments	✗	—	—	—	—	—	—	—	—	—	—	—	0%
IBNH Ibn Alhaytham Hospital Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
IDMC Ad-Dulayl Industrial Park & Real Estate Company PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
IFA International Financial Advisors Holding K.P.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
IGRD Estithmar Holding Q.P.S.C	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
IHGS Inma Holding Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
INB Invest Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
INOVEST Inovest BSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
IREL Irbid District Electricity	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JDFI Jordanian Co. for Developing & Financial Investment	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JDFS Jordanian Duty Free Shops	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JEIH Jordanian Expatriates Investment Holding	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JIIG Jordan International Investment Co.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JIJC Jordan International Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JITC Jordan International Trading Center	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JLGC Jordan Loan Guarantee Corporation	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JNTH Al-Tajamouat for Catering and Housing Co PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JOEP Jordan Electric Power Company PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JOHT Jordan Hotels & Tourism	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JOIN Jordan Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JOKB Jordan Kuwait Bank	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JRCD Jordanian Real Estate Company for Development	✗	—	—	—	—	—	—	—	—	—	—	—	0%
JTEL Jordan Telecom	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KAFA Kafaa for Financial & Economical Investments	✗	—	—	—	—	—	—	—	—	—	—	—	0%
KAMCO KAMCO Investment Company K.S.C.P.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
KCEM Kuwait Cement Company K.P.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KCIN Kuwait National Cinema Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KCPC Kuwait Co for Process Plant Construction & Contracting KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KHALEEJI Khaleeji Bank B.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KIB Kuwait International Bank KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
KRE Kuwait Real Estate Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
LEIN Latent Energies for Investments	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MABANEE Mabanee Company (SAKC)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MALL Al-Dawliyah for Hotels & Malls	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MARAKEZ Real Estate Trade Centers Co. KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MARKAZ Kuwait Financial Centre KPSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MCCS Mannai Corporation Q.P.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MEIN Middle East Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MHFZ National Portfolio Securities	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MODON Modon Holding PSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MPHC Mesaieed Petrochemical Holding Company Q.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MSKN Jordan Masaken for Land & Industrial Development Projects	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MUBARRAD Mubarrad Holding Co. (K.S.C.C)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
MUNSHAAT Munshaat Real Estate Projects Co. K.S.C.C.	✗	—	—	—	—	—	—	—	—	—	—	—	0%
MUNTAZAHAT Kuwait Resorts Company K.P.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
NAAI National Insurance	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NAPESCO National Petroleum Services Co. KSCC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
NAPT National Petroleum	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NAQL Transport & Investment Barter Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NBB National Bank of Bahrain BSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NBK National Bank of Kuwait K.S.C.	✗	✗	—	—	—	—	—	—	—	—	✗	—	0%
NBQ National Bank of Umm Al Qaiwain	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NCC National Cement Company PSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NCCI National Consumer Holding Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
NICBM National Industries Company for Building Materials	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
NIH National International Co. (Holding) (K.S.C.)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NINV National Investments Co. KSC Closed	✗	—	—	—	—	—	—	—	—	—	—	—	0%
NRE National Real Estate Co. S.A.K.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
OMEM Oman Emirates Holding	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ORAS Orascom Construction Plc	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ORDS Ooredoo Q.P.S.C	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
OSOUL Osoul Investment Co. (K.S.C.) Closed	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
OULAFUEL Oula Fuel Marketing Company K.S.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
PEDC Petra Education Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
PHIL Philadelphia Pharmaceuticals	✗	—	—	—	—	—	—	—	—	—	—	—	0%
PHNX Arab Phoenix Holdings	✗	—	—	—	—	—	—	—	—	—	—	—	0%
PIEC Philadelphia International Educational Investment Company	✗	—	—	—	—	—	—	—	—	—	—	—	0%
PRESIGHT Presight AI Holding PLC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
PUREHEALTH Pure Health Holding PJSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
QIC Umm Al-Qaiwain General Investments Co PSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
QIGD Qatari Investors Group	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
QIIK Qatar International Islamic Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
QNBK Qatar National Bank QPSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
QNCD Qatar National Cement Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
RAK RAK Properties PJSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
RAPCO RAPCO Investment PJSC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
RASIYAT Rasiyat Holding Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
REDV Real Estate Development	✗	—	—	—	—	—	—	—	—	—	—	—	0%
RMCC Ready Mix Concrete and Construction Supplies	✗	—	—	—	—	—	—	—	—	—	—	—	0%
RUMI Rumm Financial Brokerage	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SABK Sabaek Invest Company PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SANA Al Sanabel International for Islamic Investments	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SANAM Sanam Group Holding Co K.S.C.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SECH Securities House (K.S.C)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SEEF Seef Properties B.S.C	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SENERGY Senergy Holding Company (K.S.C.P)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SHARQIYADESALINATION Sharqiyah Desalination Company	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SHIP Heavy Engineering Industries & Shipbuilding Co. (KSC)	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SHUAA Shuaa Capital (P.S.C)	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SIB Sharjah Islamic Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SIBK Safwa Islamic Bank	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SNRA Siniora Food Industries PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SOOR Soor Fuel Marketing Co. KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
SPACE42 SPACE42 PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SPTI Specialized Trading & Investment	✗	—	—	—	—	—	—	—	—	—	—	—	0%
SURA Sura Development & Investment PLC	✗	—	—	—	—	—	—	—	—	—	—	—	0%
TAHSSILAT Credit Rating & Collection KSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
TAM Tamdeen Real Estate Co. K.S.C.C.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
TIJARA Tijara & Realestate Investment Co. K.S.C. Closed	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
UAB United Arab Bank	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
UCIC United Cable Industries	✗	—	—	—	—	—	—	—	—	—	—	—	0%
UDCD United Development Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
UFC United Foods Co. PSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
UMIC Universal Modern Industries	✗	—	—	—	—	—	—	—	—	—	—	—	0%
UNIONCOOP Union Coop	✗	—	—	—	—	—	—	—	—	—	—	—	0%
UPAC United Projects Company for Aviation Services KSCP	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
VALMORE Valmore Holding	✗	—	—	—	—	—	—	—	—	—	—	—	0%
VFQS Vodafone Qatar QSC	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
WARBACAP Warba Capital Holding Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%
ZARA Zara Investment Holding	✗	—	—	—	—	—	—	—	—	—	—	—	0%
ZHCD Zad Holding Co.	✗	✗	—	—	—	—	—	—	—	—	—	—	0%

✓ Pass✗ Fail— No dataR1 Board majority independentR2 Independent chair OR lead IDR3 CEO and Chair separatedR4 AC all non-executiveR5 AC majority independentR6 AC chair independentR7 RC all non-executiveR8 RC majority independentR9 NC majority independentR10 NC chair independentR11 Board meets >= 4x/yearR12 Remuneration disclosed

Rule-by-Rule Analysis

R1: Board majority independent

Principle 2

26%

100 passed279 failed0 no data

R2: Independent chair OR lead ID

Principle 3

34%

90 passed171 failed118 no data

R3: CEO and Chair separated

Provision 3.1

96%

26 passed1 failed352 no data

R4: AC all non-executive

Provision 10.2

100%

2 passed0 failed377 no data

R5: AC majority independent

Provision 10.2

0 passed2 failed377 no data

R6: AC chair independent

Provision 10.2

0 passed1 failed378 no data

R7: RC all non-executive

Provision 6.2

100%

6 passed0 failed373 no data

R8: RC majority independent

Provision 6.2

0 passed6 failed373 no data

R9: NC majority independent

Provision 4.2

0 passed0 failed379 no data

R10: NC chair independent

Provision 4.2

0 passed0 failed379 no data

R11: Board meets >= 4x/year

Good practice

14%

1 passed6 failed372 no data

R12: Remuneration disclosed

Principle 8

0 passed0 failed379 no data

Fully Compliant Companies

86 companies passed all applicable CGX rules

✓ABRAJ2/2 ✓ADNH1/1 ✓AINS1/1 ✓ALDAR2/2 ✓ALFAJAR2/2 ✓ALMADINA2/2 ✓ALMAHA2/2 ✓ALMAHACERAM2/2 ✓ALMIS2/2 ✓ALOLA1/1 ✓ALOMANIYA2/2 ✓ALSUWADIPOWER2/2 ✓ANWAR2/2 ✓ARMX1/1 ✓BANKNIZWA2/2 ✓BARKADESALINATION2/2 ✓BATTINAH2/2 ✓BATTPOWER2/2 ✓BEYON2/2 ✓BKSHR2/2 ✓CHLORINE2/2 ✓CMI2/2 ✓DHOFAR2/2 ✓DHOFARBEV2/2 ✓DHOFARCATTLE2/2 ✓DHOFARIN2/2 ✓DHOFARIS2/2 ✓DIGITUS1/1 ✓E72/2 ✓EAND2/2 ✓FAB3/3 ✓FCI1/1 ✓FNAR2/2 ✓GALFAR2/2 ✓GLOBALFIN2/2 ✓GULFCHEM2/2 ✓GULFMUSHROOM2/2 ✓HASSAN2/2 ✓IPG2/2 ✓JAZSTEEL2/2 ✓JAZSVCS2/2 ✓LIVA2/2 ✓MAIR1/1 ✓MAJANGLASS2/2 ✓MCGS2/2 ✓MENA1/1 ✓MULTIPLY1/1 ✓MUSANDAMPOWER2/2 ✓MUSCATDESALINATION2/2 ✓MUSCATFIN2/2 ✓MUSCATGAS2/2 ✓MUSCATIS2/2 ✓NATDETERGENT2/2 ✓NATFIN2/2 ✓NATGAS2/2 ✓NATWATER2/2 ✓NAWRAS2/2 ✓NMDCENR2/2 ✓OMANTEL3/3 ✓OMCABLE2/2 ✓OMCHROMITE2/2 ✓OMEDEDU2/2 ✓OMENG2/2 ✓OMFISH2/2 ✓OMFLOUR2/2 ✓OMREFRESH2/2 ✓OMUNI2/2 ✓OOMC2/2 ✓OQBASE2/2 ✓OQGAS2/2 ✓PHOENIXPOWER3/3 ✓PHX3/3 ✓RAYSUT2/2 ✓SALALAH2/2 ✓SALALAHPORT2/2 ✓SHARQIYA2/2 ✓SMNPOWER2/2 ✓SOHARPOWER2/2 ✓SRE1/1 ✓TAAGEER2/2 ✓TAALEEM2/2 ✓TAQA3/3 ✓TFINCORP2/2 ✓THREADMILLS2/2 ✓UNITEDFIN2/2 ✓VOLTAMP2/2

Most Common Violations

Rank	Rule	Provision	Failures	Examples
1	Board majority independent	Principle 2	279	1150 EMIRATESNBD 4013 4200 7010+274 more
2	Independent chair OR lead ID	Principle 3	171	AIRARABIA HITS ADNOCDRILL 2POINTZERO 4030+166 more
3	RC majority independent	Provision 6.2	6	ADNOCDRILL SALIK KFH ADNOCGAS IQCD+1 more
4	Board meets >= 4x/year	Good practice	6	SALIK ADNOCGAS BURJEEL AMR DIB+1 more
5	AC majority independent	Provision 10.2	2	SALIK KFH

Sector Comparison

Average CGX compliance by GICS sector, based on available data.

Utilities

13 companies

69%

Energy

12 companies

60%

Communication Services

10 companies

58%

Consumer Services

2 companies

50%

Consumer Staples

27 companies

39%

Industrials

43 companies

38%

Materials

34 companies

35%

Financials

132 companies

27%

Health Care

10 companies

25%

Consumer Discretionary

21 companies

22%

Real Estate

4 companies

21%

Non-Energy Minerals

2 companies

17%

Information Technology

9 companies

Unknown

58 companies

Miscellaneous

1 company

Banking

1 company

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Our model generates scores and ratings using fully disclosed methodologies based on available data. These are quantitative analytical tools — not recommendations. They may not capture all relevant factors, and past performance is not indicative of future results. Users should review the methodology, assess the inputs, and exercise independent judgement.

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