CGX Compliance Scorecard

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

177

Avg Compliance

11.8%

Fully Compliant

11

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.

TickerR1R2R3R4R5R6R7R8R9R10R11R12Score
Al-Ahleia Insurance Co. logo
AINS

Al-Ahleia Insurance Co.

100%
First Investment Co. K.S.C.P. logo
ALOLA

First Investment Co. K.S.C.P.

100%
Digitus Group for Digital Infrastructure Data Centers & Communications KSCP logo
DIGITUS

Digitus Group for Digital Infrastructure Data Centers & Communications KSCP

100%
Emirates NBD Bank (P.J.S.C) logo
EMIRATESNBD

Emirates NBD Bank (P.J.S.C)

100%
First Abu Dhabi Bank logo
FAB

First Abu Dhabi Bank

100%
Independent Petroleum Group SAK logo
IPG

Independent Petroleum Group SAK

100%
Medicare Group QSC logo
MCGS

Medicare Group QSC

100%
Mena Touristic & Real Estate Investment logo
MENA

Mena Touristic & Real Estate Investment

100%
Qatar Navigation QSC logo
QNNS

Qatar Navigation QSC

100%
Salhia Real Estate Co. K.S.C. logo
SRE

Salhia Real Estate Co. K.S.C.

100%
Kuwait Telecommunications Co. logo
STC

Kuwait Telecommunications Co.

100%
Hikma Pharmaceuticals PLC logo
HITS

Hikma Pharmaceuticals PLC

67%
Dr. Sulaiman Al-Habib Medical Services Group Co. logo
4013

Dr. Sulaiman Al-Habib Medical Services Group Co.

50%
Aldrees Petroleum & Transport Services Co. logo
4200

Aldrees Petroleum & Transport Services Co.

50%
Al Wathba National Insurance Co. logo
AWNIC

Al Wathba National Insurance Co.

50%
Bank of Jordan PLC logo
BOJX

Bank of Jordan PLC

50%
Emirates Telecom. Group Company (Etisalat Group) PJSC logo
EAND

Emirates Telecom. Group Company (Etisalat Group) PJSC

50%
Jordan National Bank logo
JONP

Jordan National Bank

50%
Jordan Telecom Group (Orange) logo
JOPT

Jordan Telecom Group (Orange)

50%
KFIC Invest K.S.C.P logo
KFIC

KFIC Invest K.S.C.P

50%
Lesha Bank L.L.C logo
QFBQ

Lesha Bank L.L.C

50%
Qatar Islamic Insurance Group logo
QISI

Qatar Islamic Insurance Group

50%
Kuwait Finance House K.S.C. logo
KFH

Kuwait Finance House K.S.C.

43%
ADNOC Drilling Company PJSC logo
ADNOCDRILL

ADNOC Drilling Company PJSC

40%
Alinma Bank logo
1150

Alinma Bank

33%
Saudi National Bank logo
1180

Saudi National Bank

33%
Saudi Automotive Services Co. logo
4050

Saudi Automotive Services Co.

33%
Perfect Presentation for Commercial Services Co. logo
7204

Perfect Presentation for Commercial Services Co.

33%
ADNOC Gas plc logo
ADNOCGAS

ADNOC Gas plc

33%
GFH Financial Group BSC logo
GFH

GFH Financial Group BSC

33%
Jordan Phosphate Mines Company PLC logo
JOPH

Jordan Phosphate Mines Company PLC

33%
Naeem Holding Co. logo
NAHO

Naeem Holding Co.

33%
Parkin Co. PJSC logo
PARKIN

Parkin Co. PJSC

33%
Industries of Qatar Co. logo
IQCD

Industries of Qatar Co.

25%
Americana Restaurants International PLC logo
AMR

Americana Restaurants International PLC

20%
Riyad Bank logo
1010

Riyad Bank

0%
Bank Aljazira logo
1020

Bank Aljazira

0%
SHL Finance Co. logo
1183

SHL Finance Co.

0%
Takween Advanced Industries Co. logo
1201

Takween Advanced Industries Co.

0%
United Wire Factories Co. logo
1301

United Wire Factories Co.

0%
Bawan Co. logo
1302

Bawan Co.

0%
Saudi Steel Pipe Co. logo
1320

Saudi Steel Pipe Co.

0%
East Pipes Integrated Company for Industry logo
1321

East Pipes Integrated Company for Industry

0%
BAAN Holding Group Company logo
1820

BAAN Holding Group Company

0%
Tamkeen Human Resources Company logo
1835

Tamkeen Human Resources Company

0%
Methanol Chemicals Co. logo
2001

Methanol Chemicals Co.

0%
National Industrialization Co. logo
2060

National Industrialization Co.

0%
Power and Water Utility Company for Jubail and Yanbu (Marafiq) logo
2083

Power and Water Utility Company for Jubail and Yanbu (Marafiq)

0%
Saudi Advanced Industries Co. logo
2120

Saudi Advanced Industries Co.

0%
Saudi Aramco Base Oil Company - Luberef logo
2223

Saudi Aramco Base Oil Company - Luberef

0%
Almarai Company logo
2280

Almarai Company

0%
ARTEX Industrial Investment Company logo
2340

ARTEX Industrial Investment Company

0%
Saudi Kayan Petrochemical Co. logo
2350

Saudi Kayan Petrochemical Co.

0%
Northern Region Cement Co. logo
3004

Northern Region Cement Co.

0%
Zahrat Al Waha For Trading Co. logo
3007

Zahrat Al Waha For Trading Co.

0%
Yamamah Saudi Cement Co. logo
3020

Yamamah Saudi Cement Co.

0%
Middle East Healthcare Company logo
4009

Middle East Healthcare Company

0%
Thob Al-Aseel Co. logo
4012

Thob Al-Aseel Co.

0%
Scientific and Medical Equipment House logo
4014

Scientific and Medical Equipment House

0%
Jamjoom Pharmaceuticals Factory Co. logo
4015

Jamjoom Pharmaceuticals Factory Co.

0%
United International Holding Co. logo
4083

United International Holding Co.

0%
Batic Investments and Logistics Co. logo
4110

Batic Investments and Logistics Co.

0%
Saudi Industrial Export Co. logo
4140

Saudi Industrial Export Co.

0%
Abdullah Saad Mohammed Abo Moati for Bookstores Co. logo
4191

Abdullah Saad Mohammed Abo Moati for Bookstores Co.

0%
Al-Saif Stores for Development & Investment Co. logo
4192

Al-Saif Stores for Development & Investment Co.

0%
Theeb Rent a Car Company logo
4261

Theeb Rent a Car Company

0%
Saudi Printing & Packaging Co. logo
4270

Saudi Printing & Packaging Co.

0%
Dar Al Arkan Real Estate Development Co. logo
4300

Dar Al Arkan Real Estate Development Co.

0%
National Agricultural Development Co. logo
6010

National Agricultural Development Co.

0%
Raydan Food Co. logo
6012

Raydan Food Co.

0%
Arabian Shield Cooperative Insurance Co. logo
8070

Arabian Shield Cooperative Insurance Co.

0%
Gulf Union Alahlia Cooperative Insurance Co. logo
8120

Gulf Union Alahlia Cooperative Insurance Co.

0%
Al-Etihad Cooperative Insurance Co. logo
8170

Al-Etihad Cooperative Insurance Co.

0%
United Cooperative Assurance Co. logo
8190

United Cooperative Assurance Co.

0%
Chubb Arabia Cooperative Insurance Company logo
8240

Chubb Arabia Cooperative Insurance Company

0%
Advance International Company for Communication and Information Technology logo
9524

Advance International Company for Communication and Information Technology

0%
Arabian International Healthcare Holding Co. logo
9530

Arabian International Healthcare Holding Co.

0%
Al-Jouf Healthy Water Bottling Company logo
9532

Al-Jouf Healthy Water Bottling Company

0%
Arabian Food Industries (Domty) logo
9542

Arabian Food Industries (Domty)

0%
Saudi Networkers Services Co., Ltd. logo
9543

Saudi Networkers Services Co., Ltd.

0%
Al Razi Medical Company logo
9572

Al Razi Medical Company

0%
Professional Medical Expertise Co. logo
9574

Professional Medical Expertise Co.

0%
Multi Business Group for Projects Company logo
9619

Multi Business Group for Projects Company

0%
Burgan Co. for Well Drilling, Trading & Maintenance SAK logo
ABAR

Burgan Co. for Well Drilling, Trading & Maintenance SAK

0%
AHLI BANK Q.P.S.C. logo
ABQK

AHLI BANK Q.P.S.C.

0%
Al Wathba National Insurance Company PSC logo
ABRIJ

Al Wathba National Insurance Company PSC

0%
ACICO Industries Co. (K.S.C) logo
ACICO

ACICO Industries Co. (K.S.C)

0%
Abu Dhabi Islamic Bank-Egypt logo
ADIB

Abu Dhabi Islamic Bank-Egypt

0%
Abu Dhabi National Insurance Company logo
ADNIC

Abu Dhabi National Insurance Company

0%
Abu Dhabi National Oil Company For Distribution logo
ADNOCDIST

Abu Dhabi National Oil Company For Distribution

0%
AGTHIA Group logo
AGTHIA

AGTHIA Group

0%
Al Khaleej Takaful Group logo
AKHI

Al Khaleej Takaful Group

0%
Al Firdous Holdings PJSC logo
ALFIRDOUS

Al Firdous Holdings PJSC

0%
Ali Alghanim Sons Automotive Company logo
ALG

Ali Alghanim Sons Automotive Company

0%
Al Manar Financing & Leasing Company K.S.C. logo
ALMANAR

Al Manar Financing & Leasing Company K.S.C.

0%
Al Ramz Corporation Investment & Development PJSC logo
ALRAMZ

Al Ramz Corporation Investment & Development PJSC

0%
Al Safat Investment Co. KSCC logo
ALSAFAT

Al Safat Investment Co. KSCC

0%
Al Salam Bank Sudan logo
ALSALAMSUDAN

Al Salam Bank Sudan

0%
Commercial Real Estate Co. logo
ALTIJARIA

Commercial Real Estate Co.

0%
Al-Arabiya Real Estate Co. logo
ARABREC

Al-Arabiya Real Estate Co.

0%
Arkan Al-Kuwait Real Estate Co. (K.S.C.) logo
ARKAN

Arkan Al-Kuwait Real Estate Co. (K.S.C.)

0%
Automated Systems Co. KSCC logo
ASC

Automated Systems Co. KSCC

0%
Advanced Technology Co. logo
ATC

Advanced Technology Co.

0%
Damaan Islamic Insurance Company (Beema) logo
BEMA

Damaan Islamic Insurance Company (Beema)

0%
Beyout Holding Company K.S.C logo
BEYOUT

Beyout Holding Company K.S.C

0%
Boubyan Bank K.S.C. logo
BOUBYAN

Boubyan Bank K.S.C.

0%
Boursa Kuwait Securities Company (K.P.S.C) logo
BOURSA

Boursa Kuwait Securities Company (K.P.S.C)

0%
BURJEEL HOLDINGS PLC logo
BURJEEL

BURJEEL HOLDINGS PLC

0%
Gulf Cables and Electrical Industries Group Co.(K.S.C.P) logo
CABLE

Gulf Cables and Electrical Industries Group Co.(K.S.C.P)

0%
Combined Group Contracting Co. SAKC logo
CGC

Combined Group Contracting Co. SAKC

0%
Dalqan Real Estate Co. KSC logo
DALQANRE

Dalqan Real Estate Co. KSC

0%
DANA GAS PJSC logo
DANA

DANA GAS PJSC

0%
Dlala Brokerage and Investment Holding Company logo
DBIS

Dlala Brokerage and Investment Holding Company

0%
Dubai Electricity and Water Authority (PJSC) logo
DEWA

Dubai Electricity and Water Authority (PJSC)

0%
Dubai Investment (P.J.S.C) logo
DIC

Dubai Investment (P.J.S.C)

0%
Doha Insurance Co. logo
DOHI

Doha Insurance Co.

0%
Dubai Refreshment Company P.J.S.C logo
DRC

Dubai Refreshment Company P.J.S.C

0%
Emirates Telecommunications Group Company PJSC logo
ETISALAT

Emirates Telecommunications Group Company PJSC

0%
Commercial Facilities Co. SAK logo
FACIL

Commercial Facilities Co. SAK

0%
Al Faleh Educational Holding Co. logo
FALH

Al Faleh Educational Holding Co.

0%
Fertiglobe PLC logo
FERTIGLOBE

Fertiglobe PLC

0%
First Takaful Insurance Co. KSCC logo
FTI

First Takaful Insurance Co. KSCC

0%
Gulf Warehousing Co. logo
GWCS

Gulf Warehousing Co.

0%
International Financial Advisors Holding K.P.S.C. logo
IFA

International Financial Advisors Holding K.P.S.C.

0%
Estithmar Holding Q.P.S.C logo
IGRD

Estithmar Holding Q.P.S.C

0%
Inma Holding Company logo
IHGS

Inma Holding Company

0%
Inovest BSC logo
INOVEST

Inovest BSC

0%
KAMCO Investment Company K.S.C.P. logo
KAMCO

KAMCO Investment Company K.S.C.P.

0%
Kuwait Cement Company K.P.S.C. logo
KCEM

Kuwait Cement Company K.P.S.C.

0%
Kuwait Co for Process Plant Construction & Contracting KSC logo
KCPC

Kuwait Co for Process Plant Construction & Contracting KSC

0%
Kuwait International Bank KSC logo
KIB

Kuwait International Bank KSC

0%
Kuwait Real Estate Company logo
KRE

Kuwait Real Estate Company

0%
Real Estate Trade Centers Co. KSC logo
MARAKEZ

Real Estate Trade Centers Co. KSC

0%
Kuwait Financial Centre KPSC logo
MARKAZ

Kuwait Financial Centre KPSC

0%
Mannai Corporation Q.P.S.C. logo
MCCS

Mannai Corporation Q.P.S.C.

0%
Agility Public Warehousing Co. K.S.C. logo
MKHZN

Agility Public Warehousing Co. K.S.C.

0%
Modon Holding PSC logo
MODON

Modon Holding PSC

0%
Mubarrad Holding Co. (K.S.C.C) logo
MUBARRAD

Mubarrad Holding Co. (K.S.C.C)

0%
Munshaat Real Estate Projects Co. K.S.C.C. logo
MUNSHAAT

Munshaat Real Estate Projects Co. K.S.C.C.

0%
Kuwait Resorts Company K.P.S.C. logo
MUNTAZAHAT

Kuwait Resorts Company K.P.S.C.

0%
National Petroleum Services Co. KSCC logo
NAPESCO

National Petroleum Services Co. KSCC

0%
National Bank of Kuwait K.S.C. logo
NBK

National Bank of Kuwait K.S.C.

0%
National Cement Company PSC logo
NCC

National Cement Company PSC

0%
National Consumer Holding Company logo
NCCI

National Consumer Holding Company

0%
National Industries Company for Building Materials logo
NICBM

National Industries Company for Building Materials

0%
National International Co. (Holding) (K.S.C.) logo
NIH

National International Co. (Holding) (K.S.C.)

0%
National Investments Co. KSC Closed logo
NINV

National Investments Co. KSC Closed

0%
National Real Estate Co. S.A.K. logo
NRE

National Real Estate Co. S.A.K.

0%
Orascom Construction Plc logo
ORAS

Orascom Construction Plc

0%
Ooredoo Q.P.S.C logo
ORDS

Ooredoo Q.P.S.C

0%
Osoul Investment Co. (K.S.C.) Closed logo
OSOUL

Osoul Investment Co. (K.S.C.) Closed

0%
Oula Fuel Marketing Company K.S.C. logo
OULAFUEL

Oula Fuel Marketing Company K.S.C.

0%
Shuaiba Industrial Co. (K.S.C) logo
PAPER

Shuaiba Industrial Co. (K.S.C)

0%
Umm Al-Qaiwain General Investments Co PSC logo
QIC

Umm Al-Qaiwain General Investments Co PSC

0%
Qatari Investors Group logo
QIGD

Qatari Investors Group

0%
Qatar International Islamic Bank logo
QIIK

Qatar International Islamic Bank

0%
Qatar National Bank QPSC logo
QNBK

Qatar National Bank QPSC

0%
Qatar National Cement Co. logo
QNCD

Qatar National Cement Co.

0%
RAK Properties PJSC logo
RAK

RAK Properties PJSC

0%
Rasiyat Holding Company logo
RASIYAT

Rasiyat Holding Company

0%
Sanam Group Holding Co K.S.C.C. logo
SANAM

Sanam Group Holding Co K.S.C.C.

0%
Securities House (K.S.C) logo
SECH

Securities House (K.S.C)

0%
Shuaa Capital (P.S.C) logo
SHUAA

Shuaa Capital (P.S.C)

0%
Sharjah Islamic Bank logo
SIB

Sharjah Islamic Bank

0%
Soor Fuel Marketing Co. KSC logo
SOOR

Soor Fuel Marketing Co. KSC

0%
Taaleem Holdings PJSC logo
TAALEEM

Taaleem Holdings PJSC

0%
Credit Rating & Collection KSC logo
TAHSSILAT

Credit Rating & Collection KSC

0%
Tamdeen Real Estate Co. K.S.C.C. logo
TAM

Tamdeen Real Estate Co. K.S.C.C.

0%
TAQA Arabia logo
TAQA

TAQA Arabia

0%
Tijara & Realestate Investment Co. K.S.C. Closed logo
TIJARA

Tijara & Realestate Investment Co. K.S.C. Closed

0%
United Arab Bank logo
UAB

United Arab Bank

0%
United Development Co. logo
UDCD

United Development Co.

0%
United Projects Company for Aviation Services KSCP logo
UPAC

United Projects Company for Aviation Services KSCP

0%
Valmore Holding logo
VALMORE

Valmore Holding

0%
Vodafone Qatar QSC logo
VFQS

Vodafone Qatar QSC

0%
Warba Capital Holding Co. logo
WARBACAP

Warba Capital Holding Co.

0%
Zad Holding Co. logo
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

11%
19 passed158 failed0 no data

R2: Independent chair OR lead ID

Principle 3

5%
7 passed128 failed42 no data

R3: CEO and Chair separated

Provision 3.1

100%
11 passed0 failed166 no data

R4: AC all non-executive

Provision 10.2

100%
2 passed0 failed175 no data

R5: AC majority independent

Provision 10.2

0%
0 passed2 failed175 no data

R6: AC chair independent

Provision 10.2

0%
0 passed0 failed177 no data

R7: RC all non-executive

Provision 6.2

100%
5 passed0 failed172 no data

R8: RC majority independent

Provision 6.2

0%
0 passed5 failed172 no data

R9: NC majority independent

Provision 4.2

0%
0 passed0 failed177 no data

R10: NC chair independent

Provision 4.2

0%
0 passed0 failed177 no data

R11: Board meets >= 4x/year

Good practice

20%
1 passed4 failed172 no data

R12: Remuneration disclosed

Principle 8

0%
0 passed0 failed177 no data

Fully Compliant Companies

Most Common Violations

RankRuleProvisionFailures
1Board majority independentPrinciple 2158
2Independent chair OR lead IDPrinciple 3128
3RC majority independentProvision 6.25
4Board meets >= 4x/yearGood practice4
5AC majority independentProvision 10.22

Sector Comparison

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

Communication Services

6 companies

33%

Health Care

7 companies

31%

Financials

78 companies

14%

Industrials

19 companies

13%

Consumer Services

3 companies

11%

Consumer Staples

14 companies

11%

Information Technology

5 companies

7%

Energy

5 companies

7%

Consumer Discretionary

11 companies

5%

Materials

21 companies

3%

Utilities

3 companies

0%

Miscellaneous

1 company

0%

Unknown

1 company

0%

Non-Energy Minerals

2 companies

0%

Real Estate

1 company

0%

Related Insights

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.

Data sources · Full disclaimer

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