Governance – Al Tilal Steel

Governance ESG Goals

Ensure Ethical and Transparent Business Practices
Strengthen Board Oversight and Accountability
Foster Data-Driven Decision Making
Embed Risk Management Across Operations
Promote Stakeholder Engagement and Transparency
Advance Legal and Regulatory Compliance

At Al Tilal Steel Company Limited, robust corporate governance is the cornerstone of our commitment to ethical conduct, transparency, and long-term value creation. Our governance framework is designed to ensure accountability, foster stakeholder trust, and align with both national regulations and international best practices

Corporate Governance

At Al Tilal Steel, corporate governance is not just a framework, it reflects our values, leadership philosophy, and commitment to sustainable growth. We align our internal structures and business conduct with internationally recognized governance principles to ensure long-term integrity, performance, and trust. Our Corporate governance mechanism establishes a system of rules, practices, and processes by which Al Tilal Steel is directed and controlled. It aligns the interests of management, shareholders, employees, customers, and the broader community. Strong governance enhances ethical business conduct, mitigates risks, and supports financial health ultimately helping us build trust with stakeholders and increase long-term enterprise value.

The 4 Ps of Corporate Governance at Al Tilal Steel

We base our governance philosophy on the “Four Ps“ model:

People

The strength of our governance begins with leadership. From the Board to department heads, our people are held to high standards of integrity, professionalism, and accountability.

Process

Our internal processes are structured, documented, and continually improved. Decision-making is guided by policies, procedures, and oversight mechanisms that ensure discipline and consistency.

Performance

Governance drives performance. We measure success not just by output but by quality, compliance, operational efficiency, and the value we create for all stakeholders.

Purpose

Our purpose is to contribute to Saudi Arabia’s industrial future while remaining a responsible, ethical, and forward-looking steel producer. Governance ensures we stay aligned with this mission.

Corporate Governance Framework

Enlist a diverse and seasoned Board of Directors with expertise in industry, finance, management, and law.

Implementing clear governance structures that establish checks and balances and delegate decision making to the right organizational levels.

Adoption of transparent and robust systems, processes, policies and procedures.

Providing extensive disclosure to share corporate, financial, and operational information with all stakeholders.

Having robust systems and processes to ensure full and timely compliance with all legal and regulatory requirements.

Adoption of transparent and robust systems, processes, policies and procedures.

Our Governance Principles

Al Tilal Steel’s governance model is built upon universally recognized principles:

Accountability

Leadership is answerable for decisions, performance, and adherence to company values.

Transparency

We communicate clearly, honestly, and regularly with stakeholders, while protecting commercially sensitive information.

Fairness

We treat all stakeholders equitably, from shareholders and employees to customers and communities.

Responsibility

We operate with a deep sense of duty toward society, the environment, and the national economy.

Risk Management

We take a proactive approach to identifying and managing financial, operational, and strategic risks.

Message from the CEO

“At Al Tilal Steel, governance is not just a corporate function, it is a reflection of our values. We believe that trust is earned through transparency, discipline, and the consistent delivery of results that benefit not just our business, but our nation and its people.”