Address
Al Rai Area,
Sheikh Zayed bin Sultan Al Nahyan Road,
The Avenues – 2nd Avenue,
Entrance 9
Mabanee has three committees emanating from its Board of Directors, which are (the Audit and Risk Committee, the Nominations and Remuneration Committee and the Investment Committee). These committees work as supporting arms for the Board of Directors in the administrative oversight process, studying topics related to the nature of its work in detail and issuing recommendation to the Board of Directors to enable it to make sound decisions.
Out of Mabanee Company’s keenness to enhance the level of transparency, disclosure and continuous availability of information to investors, we are pleased to present to you the (Transparency Window) initiative, which indicates equity percentage of Mabanee’s major shareholders, board members and executive management team, provided that it shall be updated from time to time.
Through this step, Mabanee Company attempts to give its shareholders, investors and the public a clear and updated account of the fundamental changes occurring in the ownership of its shares, so as to enable the concerned parties to reach an objective assessment of the Mabanee’s status and to reflect the size of their investment therein.
Transparency & Disclosure Policy
Related Party Transaction Policy
Anti-Fraud and Anti-Corruption Policy
Mabanee adhere to the highest standards of business ethics in order to maintain a commitment to integrity in everything we do in compliance and adherence to the rules that must be followed when conducting the company’s business and activities.
Every person in the company plays a vital role in achieving that commitment through proper behavior that reflects our core values during the performance of business and daily activities of the company, and this includes contributing to adopting a safe competitive environment characterized by integrity with the aim of providing world-class service to our customers and dealing with others in all aspects time.
Mabanee Company’s Article of Association explain the key details that define the Company, its business and the rules and procedures governing it, indicating the legal framework that Mabanee is required to adhere to when conducting its business, in addition to local laws, regulations and best practices. The aforementioned Articles of Association also include the Company’s activities and capital, in addition to clarifying the responsibilities of the Board of Directors and executive management, features of the Remuneration Policy, shareholders’ rights and meetings’ procedures, in addition to the method of appointing the external auditor and his role, the dividend distribution policy and other matters.
Mabanee Company’s Articles of Association are deemed a constitution and a legal reference for all matters of concern to the stakeholders.
Mabanee Company’s capital amounts to KD 131,618,458.800, distributed among 131,618,458.800 shares , where all values are cash and the value of each is one hundred fils. The following is a list of the major shareholders with 5% and above:
The above equity percentages are according to trading records as in 31/12/2022. They may change from time to time according to the purchasing and selling movement in the Company’s shares.
Integrity Line
Mabanee believes that its values are one of the pillars of its success. Hence, protecting those values is the responsibility of everyone therein. Honesty is one of the key values and is of utmost importance to the success of our business, thus we encourage you to report any practices that you suspect are unethical, through using the Integrity Line, reserving your full right to request anonymity.
Integrity Line is a confidential reporting system that covers the Company's operations in the region. It is managed at the Company’s level to allow all employees and relevant persons to report incidents and cases involving illegal practices, theft, fraud, corruption or misconduct.
For more information, you can read our Whistleblowing Policy
Anti-Fraud and Anti-Corruption Policy
Al Rai Area,
Sheikh Zayed bin Sultan Al Nahyan Road,
The Avenues – 2nd Avenue,
Entrance 9
