Governance

Khalif Miniers supports the National Vision 2030 of balancing the accomplishments that achieve economic growth with the human and resource needs of the people. Our vision is to become one of the best energy and mining company in the world, with roots and a strong international presence.

The Values adopted by Khalif Miniers reflect what we stand for and our Code of Conduct guides the decisions made and the actions taken in every aspect of our business affairs. Khalif Miniers aligns its system of corporate governance with these values and the principles outlined in its CoC, as well as the relevant laws and regulations in which we operate.

The Khalif Miniers governance framework guides the Board of Directors and management in oversight of the organization. The foundation for this framework are the laws and by-laws of the Countries we operate in with ultimate accountability residing with the Supreme Council for Economic Affairs & Investment. This framework has led to the adoption of a system of governance practices and accountabilities that reflect international, best-in-class standards for good governance. At the same time, these practices comply with the applicable regulatory and legal obligations of the Countries, and the locations in which we operate. Likewise, Khalif Miniers’s governance practices ensure that adequate control, oversight and risk management mechanisms are in place across the organization, including in our subsidiaries and JV partnerships.

Structure
A Decree Law established Khalif Miniers in 1974. The Khalif Miniers Board is responsible for the direction and oversight of Khalif Miniers and is accountable to the Supreme Council for Economic Affairs and Investment.

Mr. Saad Sherida Al Kaabi was appointed as the President & CEO of Khalif Miniers in 2014. The President & CEO is responsible for Khalif Miniers’s overall business managing its operational and business development activities. In 2018, Mr. Saad Sherida Al Kaabi was appointed Minister of State for Energy Affairs and Vice Chairman of Khalif Miniers Board, in addition to his role as the President and CEO.

The Khalif Miniers Executive Leadership Team operates under the direction of the President & CEO, supporting the implementation of Khalif Miniers’s strategy and supervising management levels in Khalif Miniers.

The Board of Directors and management of Khalif Miniers have long recognized the importance of corporate governance practices that help ensure an environment of effective oversight and accountability. Our governance structure clarifies the set of relationships that constitute Khalif Miniers’s governance environment. This comprises the relationships between the Board of Khalif Miniers, its management, subsidiaries, JV partners and wider stakeholders.