SADAFCO Celebrates Corporate Governance Triumph
Saudia Dairy and Foodstuff Company (SADAFCO) has earned accolades as one of the leading companies in corporate governance, according to the Corporate Governance Index assessment for Fiscal Year 2023. The award ceremony took place during the Third Corporate Governance Award, facilitated by Alfaisal University Corporate Governance Center in collaboration with King Faisal Specialist Hospital and Research Center.
The event, under the patronage of Dr. Majed Alfayyadh, concluded with significant participation from industry leaders and experts. The insightful sessions focused on the dynamic landscape of corporate governance and the incorporation of AI in governance frameworks.
Themed "Beyond Compliance: Rethinking Corporate Governance in the Age of Artificial Intelligence," the conference acknowledged top-performing listed companies based on key governance principles, including board structure, shareholder rights, public disclosure, transparency, and stakeholder engagement.
Sultan Alghamdi, chief legal and governance, risk, and compliance officer, accepted the award on behalf of SADAFCO. He emphasized the company's commitment to transparency, accountability, and sustainability.
SADAFCO, a public company since 1976, continues to align with international standards to foster corporate excellence and sustainable growth in the region. Known for its Saudia brand, SADAFCO is a leader in manufacturing dairy products, tomato paste, and ice cream across Saudi Arabia and the Middle East.
Based in Jeddah, SADAFCO operates distribution depots in 24 locations, reinforcing its status as a market leader in the Kingdom.
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