In line with Mazaya Holding Company's commitment to sound corporate governance principles and best professional practices, the Company is keen to strengthen its social and economic role through the adoption of policies and initiatives that contribute to serving the community and supporting social development. The Company aims to achieve a balance between its interests and corporate objectives and its responsibilities towards society, reflecting its commitment to ethical and humanitarian values.
Corporate social responsibility
Policy Ensuring a Balance Between the Company's Objectives and Community Goals
The Company maintains, within its corporate governance framework, a policy aimed at achieving a balance between the Company's objectives and the goals that society seeks to achieve. This policy encourages and promotes the development of the social, economic, and living conditions of the communities in which the Company operates, in accordance with the Corporate Governance Rules.
Programs and Mechanisms Highlighting the Company's Efforts and Role in Social Responsibility
The Company's corporate governance framework emphasizes its ongoing commitment to conducting its business ethically and in compliance with applicable laws and prevailing social norms. It also promotes the Company's sustainable contribution to economic and social development through the attraction of national talent and the enhancement of living standards for employees and their families within the local community and society as a whole.
Social responsibility constitutes one of the fundamental pillars of Mazaya Holding Company's policies and practices. Driven by this commitment, the Company implements various community-focused initiatives and programs aimed at supporting vulnerable groups and promoting the values of social solidarity and mutual support.
In this context, the Company provides financial assistance and humanitarian support to disadvantaged and financially distressed members of society. It also contributes to supporting charitable, humanitarian, and social care institutions within the State, enabling these organizations to fulfill their missions, achieve their objectives, and better serve those in need.
The Company also places special emphasis on supporting and developing young national talent by providing practical training opportunities for university and college students in cooperation with educational institutions. These programs are designed to equip students with practical experience, bridge the gap between academic learning and professional application, enhance their scientific and professional capabilities, improve their readiness for the labor market, and contribute to preparing a qualified generation capable of supporting the nation's development journey.
Furthermore, the Company remains committed to supporting employees and their family members who are facing financial hardship by contributing to medical treatment and healthcare expenses, assisting with educational costs for family members, and helping to settle certain financial obligations, thereby promoting their social and economic well-being.
The Company also reinforces the values of generosity and social solidarity by providing Iftar meals for maintenance, security, and service workers during the Holy Month of Ramadan, as part of its humanitarian and social responsibility towards various segments of society.
The Ordinary General Assembly has approved the allocation of a dedicated budget to finance social responsibility programs and initiatives. In addition, the Company is committed to raising awareness among its employees regarding the objectives of social responsibility and fostering a culture of community engagement, thereby contributing to enhanced institutional performance, and reinforcing the values of compliance, integrity, and respect for applicable laws, regulations, and governing frameworks.