KSA Corporate Governance Index

Alfaisal University - Corporate Governance Center

The Corporate Governance Index (CGI) ranks publicly traded companies in the Saudi Arabian market according to their compliance to the related governance rules in the country and best governance practice around the world.

The Index and the ranking is managed by the Corporate Governance Centre (CGC) at the College of Business of Alfaisal University. For more information on the CGC, please go to: https://cob.alfaisal.edu/en/cgc

Alfaisal University held its "Third International Corporate Governance Conference" on December 22nd , 2021. The CGI rankings are announced on an annual basis where the top companies are awarded. Many congratulations to all.


Top Performing Companies in CGI for Financial Year 2020

Non-Financial Sector

Financial Sector

Al Khaleej Training and Education Company
Arabian Cement Company
Fitaihi Holding Group Company
Saudi Airlines Catering Company
Saudi Electricity Company
Saudi Ground Services Company
Saudi Telecom Company
Savola Group
Takween Advanced Industries Company
Yamama Cement Company
Abdullah Al Othaim Markets
Yamamah Steel
Al Andalus Property
Al Marai
Jabal Omar Development Co.
Jarir Bookstore
Najran Cement Company
Farm Superstores
Tabuk Cement Company

Al Ahli Takaful Company
Aljazira Takaful Taawuni Company
Banque Saudi Fransi
Saudi Investment Bank
The Mediterranean and Gulf Insurance & Reinsurance Co.
Al Rajhi Takaful
Arabian Shield Insurance
Bank Al Jazira
Gulf Union Al Ahli Cooperative Insurance
Malath Insurance



  • Top Performing Companies in CGI of Financial Year 2020 rankings can be founhere
  • Top Performing Companies in CGI of Financial Year 2019 rankings can be found here
  • Top Performing Companies in CGI of Financial Year 2018 rankings can be found here
  • Top Performing Companies in CGI of Financial Year 2017 rankings can be found here

GCC BDI partnership with Alfaisal University

The GCC BDI signed a Memorandum of Understanding (MoU) with Alfaisal University, Saudi Arabia’s first private non-profit university, on 18 September 2018, with the aim of enhancing corporate governance practices in the Kingdom of Saudi Arabia by blending academic rigor with best business practices.

This agreement seeks to promote initiatives such as the KSA Corporate Governance Index, which is published by the Corporate Governance Centre at Alfaisal University College of Business, facilitate the sharing of information and knowledge, create increased research capacities, provide thought-leadership and guidance, participate in industry events and seek mutually beneficial opportunities for development.

The signing of this agreement marks an important milestone. Saudi Arabia’s latest economic reforms require educational institutions to completely rethink their strategies. Grooming local talents to become board members that make decisions based on strong corporate governance principles is a long-term strategy to boost the competitiveness and attractiveness of Saudi Arabia as a business hub and investment destination.

About Alfaisal University

Alfaisal University was founded by the King Faisal Foundation in 2002 as one of the first private non-profit, research and teaching universities in the Kingdom, committed to achieving international standards of excellence. It has the support of national and international co-founders and distinguished board members, that have continually supported the university in its mission to remain a student –centered institution committed to research.

Located in Riyadh, Alfaisal University is made up of five faculties, spanning from Business, Engineering, Medicine and Pharmacy, to Science and General Studies, offering undergraduate and graduate programmes to male and female students in the Kingdom and the region.