Corporate Governance

REH believes that corporate governance’s rules regulate the methodology of decision making within the company, and stimulate transparency and credibility for those decisions. One of the most important objectives of adopting corporate governance rules is to protect shareholders, and to separate power between the executive management that runs the company’s business and the board of directors who prepares and reviews the company’s plans and policies in a way that conveys reassurance and enhances the feeling of confidence in dealing with it, as well as enabling shareholders and stakeholders to effectively monitor the company.

Corporate Governance Rules:
REH corporate governance rules are based on the following documentation:

Ethical Behavior

This is what ensures commitment to the ethics and rules of professional conduct, equilibrium in achieving the interests of all related parties, as well as transparency in the presentation of financial and non-financial information.

Control and Accountability

Setting up an integrated system of control and accountability to discover deviations and abuses. It is also important to activate the role of stakeholders in monitoring the company, and emphasize on the importance of disclosure and transparency in protecting the rights of stakeholders.

Proper Administrative Organization

Proper administrative organization is what ensures the distribution of powers and responsibilities, separation of specializations, and establishing a system of incentives and rewards, through performance evaluation, whether for managers or employees of the company.

Corporate Social Responsibility

The company has realized the importance of social responsibility and the importance of its role in contributing to the sustainable development of the society in which it exercises its activity by contributing to the preservation of available resources, as well as contributing to reducing unemployment rates, and providing support and assistance to groups that need support. In addition to improving the living and social environment for the company’s employees and their families.
Therefore, the company developed a policy for social responsibility, approved by the Board of Directors, and it is applied by the executive management and its implementation is ensured through the reports of the internal auditor.

REH pillars of social responsibility
• Continuous commitment of the company to act ethically in accordance with the requirements of laws and public norms.
• Attract national labor.
• Improve the quality of living conditions for the workforce, their families, the community and society as a whole.
• Allocating a percentage of the achieved profits for the purpose of directing them towards social services and projects, the approval of the General Assembly must be obtained for this.

Anti Money Laundry Policy

  • The company has developed a policy for Anti money laundering and terrorist financing, approved by the Board of Directors, and put into effect
  • The company is committed to all laws, legislations, and instructions issued in combating money laundering and terrorist financing, and it provides all means of cooperation with the supervisory authorities to implement these legislations and laws
  • The company’s policy is to strictly prevent money laundering and terrorist financing activities as well as to prevent any activities that may facilitate money laundering
  • The company provides continuous awareness and training to its employees in the field of combating money laundering and terrorist financing.
  • The company is obligated not to take any action of any kind against the employee who reported the transaction in good faith, even if it becomes clear after that the integrity of the transaction that is the subject of the report
  • The company is committed to reporting transactions that are suspected, regardless of the size of the amounts special for those laboratories data
  • The company follows a monetary policy that ensures that the company is protected from risks of exposure to money laundering and terrorist financing operations
  • The company is committed to keeping records in a way that ensures the provision of all necessary data and full assistance to the regulatory authorities when required.