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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:

Alfaisal University held its "First International Corporate Governance Conference" with the theme of ''Growing the Pie through Good Governance within Vision 2030'' on December 9th 2019 in Riyadh. Click here to see the report.

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 2018

Top Non-Financial Sector


Top Financial Sector

Almarai Co.

Aljazira Takaful Taawuni Co.

Arabian Cement Co.

Bank Aljazira

Fitaihi Holding Group.

Saudi Investment Bank

Saudi Airlines Catering Co.

Alahli Takaful Co.


Al Ahlia Insurance Co.

Saudi Electricity Co.

Alinma Tokio Marine Co.

Saudi Telecom Co.


Al Rajhi Bank

Savola Group


Al-Rajhi Company for Cooperative Insurance


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 Board of Directors Institute (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. 



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