Investment Priorities
Our approach to ESG is characterized by a proactive pursuit of opportunities that align with these principles. This commitment is evident in our achievement of a Moody’s Investors Service ESG Credit Impact Score (CIS) of CIS-2, underscoring our dedication to ESG excellence. In 2023, we launched the SNB Capital Batteries Fund, a Shariah-compliant ESG-related fund that invests in the world’s third-largest global electric vehicle (EV) batteries manufacturer SK On, reflecting our commitment to fostering sustainable development and innovation in the EV sector.
Social Responsibility
Our commitment to social responsibility is a key corporate value, driving us to make meaningful contributions that extend beyond financial success. As part of this commitment, in 2023 we proudly launched the SNB Capital “Be Well” Program. This initiative marked its inception with the unveiling of a one-stop shop health lounge for employees at SNB Capital’s head office, in a collaborative effort with Bupa Arabia and various esteemed health partners.
Governance and Transparence
Governance and transparency are pillars of our corporate ethos. SNB Capital is committed to observing and upholding the highest standard of Corporate Governance in line with the Corporate Governance Regulations issued by the Capital Market Authority (CMA). At the Board Meeting on 15 June 2023, it was decided that all Management Committees shall henceforth operate under the authority of the Chief Executive Officer (CEO). This restructuring, detailed in our new Management Committee Manual, bolsters our governance framework, enhancing decision-making, operational efficiency, and accountability across all divisions.