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 this page covers

Assess shareholder voting quality across GCC listed companies. Board independence, committee structure, attendance, RPT disclosure, minority protection, and governance risk scoring across UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, and Jordan.

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.

Voting Quality Score

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

A composite assessment of shareholder voting rights and governance mechanisms across GCC listed companies. Combines board independence, committee oversight, meeting attendance, related-party transparency, ownership concentration, share structure, and governance risk into a single 0-100 score.

Companies Scored

1,973

Avg Score

Median Score

Top Score

Data Completeness

34%

Grade Distribution

162

524

1274

Score Distribution

80-100

60-79

40-59

162

20-39

524

0-19

1274

Top Companies by Voting Quality

#	Company	Exchange	Score	Grade	Data %
1	SALIK Salik Company PJSC Salik Company PJSC	DFM	82	A	100%
2	ZAIN Mobile Telecommunications Company K.S.C.P Mobile Telecommunications Comp...	BK	81	A	100%
3	ADPORTS Abu Dhabi Ports Company PJSC Abu Dhabi Ports Company PJSC	ADX	72	B	86%
4	BURJEEL BURJEEL HOLDINGS PLC BURJEEL HOLDINGS PLC	ADX	68	B	100%
5	AMR Americana Restaurants International PLC Americana Restaurants Internat...	ADX	66	B	100%
6	KFH Kuwait Finance House K.S.C. Kuwait Finance House K.S.C.	BK	66	B	86%
7	KFH Kuwait Finance House K.S.C. Kuwait Finance House K.S.C.	BHB	66	B	86%
8	FERTIGLB Fertiglobe plc Fertiglobe plc	ADX	63	B	86%
9	4030 National Shipping Co. of Saudi Arabia National Shipping Co. of Saudi...	TDWL	62	B	71%
10	FAB First Abu Dhabi Bank First Abu Dhabi Bank	ADX	61	B	71%
11	HITS Hikma Pharmaceuticals PLC Hikma Pharmaceuticals PLC	ASE	61	B	71%
12	ADNOCDRILL ADNOC Drilling Company PJSC ADNOC Drilling Company PJSC	ADX	60	B	86%
13	BBK Bank of Bahrain and Kuwait B.S.C. Bank of Bahrain and Kuwait B.S...	BHB	60	B	71%
14	4084 Derayah Financial Company Derayah Financial Company	TDWL	59	C	71%
15	ALMAHA Almaha Petroleum Products Almaha Petroleum Products	MSX	59	C	71%
16	E7 E7 Group PJSC E7 Group PJSC	ADX	59	C	71%
17	EMAAR Emaar Properties (P.J.S.C) Emaar Properties (P.J.S.C)	DFM	58	C	71%
18	LIVA Liva Liva	MSX	58	C	71%
19	TAAGEER Taageer Finance Taageer Finance	MSX	58	C	71%
20	BRES Barwa Real Estate Co. Barwa Real Estate Co.	QSE	57	C	71%
21	IHC International Holding Company PJSC International Holding Company ...	ADX	57	C	71%
22	JGBK Jordan Ahli Bank Jordan Ahli Bank	ASE	57	C	71%
23	MUSCATDESALINATION Muscat City Desalination Muscat City Desalination	MSX	57	C	71%
24	OOMC Oman Oil Marketing Oman Oil Marketing	MSX	57	C	71%
25	QGTS Qatar Gas Transport Co. Qatar Gas Transport Co.	QSE	57	C	71%
26	SOHARPOWER Sohar Power Sohar Power	MSX	57	C	71%
27	PARKIN Parkin Co. PJSC Parkin Co. PJSC	DFM	56	C	71%
28	ADNIC Abu Dhabi National Insurance Company Abu Dhabi National Insurance C...	ADX	55	C	71%
29	ALDAR Al Dar Properties Al Dar Properties	ADX	55	C	71%
30	GISS Gulf International Services QSC Gulf International Services QS...	QSE	55	C	71%
31	ARMX Aramex PJSC Aramex PJSC	DFM	54	C	71%
32	DHBK Doha Bank Doha Bank	QSE	54	C	71%
33	EAND Emirates Telecom. Group Company (Etisalat Group) PJSC Emirates Telecom. Group Compan...	ADX	54	C	71%
34	JAZSTEEL Al Jazeera Steel Al Jazeera Steel	MSX	54	C	71%
35	OMANTEL Oman Telecom Oman Telecom	MSX	54	C	71%
36	TAALEEM Taaleem Holdings PJSC Taaleem Holdings PJSC	DFM	54	C	71%
37	TAQA TAQA Arabia TAQA Arabia	EGX	54	C	71%
38	TAQA Abu Dhabi National Energy Company Abu Dhabi National Energy Comp...	ADX	54	C	71%
39	2330 Advanced Petrochemical Co. Advanced Petrochemical Co.	TDWL	53	C	57%
40	ADCB Abu Dhabi Commercial Bank Abu Dhabi Commercial Bank	ADX	53	C	71%
41	BKSHR Bank Sohar Bank Sohar	MSX	53	C	71%
42	DIB Dubai Islamic Bank PJSC Dubai Islamic Bank PJSC	DFM	53	C	86%
43	CABK Cairo Amman Bank Cairo Amman Bank	ASE	52	C	71%
44	DFM Dubai Financial Market (DFM) - PJSC Dubai Financial Market (DFM) -...	DFM	52	C	71%
45	MCGS Medicare Group QSC Medicare Group QSC	QSE	52	C	57%
46	QIMD Qatar Industrial Manufacturing Co. Qatar Industrial Manufacturing...	QSE	52	C	57%
47	1150 Alinma Bank Alinma Bank	TDWL	51	C	71%
48	AHCS Aamal Company Q.S.C. Aamal Company Q.S.C.	QSE	51	C	71%
49	ALMIS Al Madina Insurance Al Madina Insurance	MSX	51	C	57%
50	DTC Dubai Taxi Co. PJSC Dubai Taxi Co. PJSC	DFM	51	C	71%

By Exchange

MSX

avg score (85 cos)

BHB

avg score (17 cos)

QSE

avg score (55 cos)

ADX

avg score (98 cos)

DFM

avg score (70 cos)

TDWL

avg score (385 cos)

avg score (136 cos)

ASE

avg score (205 cos)

EGX

avg score (252 cos)

BIST

avg score (568 cos)

ISX

avg score (102 cos)

Methodology

Scoring Framework (0-100): Seven dimensions capture the quality of shareholder voting rights and governance mechanisms.

Board Independence (20 pts): Ratio of independent directors. 50%+ = full marks.
Committee Structure (15 pts): Coverage of key committees (audit, remuneration, nomination, risk, Shariah).
AGM / Meeting Attendance (15 pts): Average board meeting attendance percentage.
RPT Disclosure (15 pts): Related-party transaction transparency — existence, amounts, and categorization.
Minority Protection (15 pts): Inverse of ownership concentration. Lower top-holder % = better minority protection.
One-Share-One-Vote (10 pts): GCC markets generally follow OSOV. Full marks awarded absent dual-class data.
Governance Risk (10 pts): Scaled from existing governance risk score (0-100 mapped to 0-10).

Data Completeness: Shows what percentage of the 7 data sources are available for each company. Companies with less than ~30% data completeness are excluded.

Limitations: Scores reflect available data only. Many GCC companies lack independence flags, committee disclosures, or attendance records. The one-share-one-vote dimension awards full marks by default since dual-class structures are rare in GCC markets. Scores will improve as data coverage expands.

This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.

Data sources · Full disclaimer · Data freshness

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