Al Arabiya English Seven companies in the UAE and Saudi Arabia have been listed in Hawkamah and S&P’s ESG index for the MENA region. The environmental, social and corporate governance index covers 11 markets of the MENA region and ranks the top 50 companies based on their ESG practices. Thirty-two of the top MENA 50 companies are from Qatar, KSA and the UAE with four from the UAE and three from Saudi Arabia in the top 10. From the UAE, the National Bank of Abu Dhabi, DP World Ltd. and Abu Dhabi Commercial Bank featured and from Saudi Arabia, Saudi Basic Industries Corp, Saudi Investment Bank and SAVOLA Group made the top 10. The index includes the top 50 pan Arab companies based on their performance on nearly 200 ESG metrics. Dr. Ashraf Gamal, CEO of Hawkamah, said, “as part of our work on the Index, Hawkamah has monitored the disclosure practices of regional listed companies for the past nine financial years, and it is encouraging to witness substantial year-on-year improvements.” This is significant because companies that incorporate ESG considerations into their business models tend to be more successful in the long run.” Hawkamah, The Institute for Corporate Governance is an international association of corporate governance practitioners, regulators, and institutions advancing home grown yet globally integrated corporate governance best practices in the region. Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 12 Nov 2019 SIB’s Integrated Report 2018 wins the most prestigious global award for annual reports The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion...