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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:

The CGI rankings are announced on annual basis during the Annual Corporate Governance conference where the top companies are awarded.


Top Performing Companies in CGI for Financial Year 2017

Top 11 Non-Financial Sector


Top 6 Financial Sector


Fitaihi Holding Group


Saudi Investment Bank


Arabian Cement Co.


Arabian Shield Cooperative Insurance Co.


Najran Cement Co.


The Company for Cooperative Insurance


Almarai Co.


Alahli Takaful Co.


Saudi Ground Services Co.


Aljazira Takaful Taawuni Co.


Savola Group


Al Rajhi Bank


Saudi Arabian Mining Co.




Saudi Telecom Co.




Saudi International Petrochemical Co.




Saudi Basic Industries Corp.




Middle East Paper Co.



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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