The Saudi Market is in the midst of transformational economic change. The newly announced Saudi 2030 Vision for a diversified economy with less dependence on oil reflects this transformation. Foreign institutional investors were recently allowed to invest directly in the Saudi stock market. As well, in its effort to attract investment, diversify its economy, and create sustainable economic growth and jobs. The government has embarked on a new initiative that allows fully owned foreign retail and wholesale companies to invest directly in the Saudi market without the traditional Saudi partnership requirements. The aim of the government is to transform the Saudi economy to one of the region’s most diversified knowledge based economic centers and to improve the performance of different sectors of the Saudi economy, including state-owned enterprises and family businesses as they transition between generations.

As part of the effort to transform the Saudi economy, corporate governance is identified as an important factor in providing a vehicle to assure sustainability and security for investors and for corporate social responsibility. Quality corporate governance is viewed as a key factor for attracting domestic and foreign investors, spurs sustainable economic growth, and provides employment opportunities.

Good governance is the key for companies in the increasing globally competitive market; particularly, when family-run businesses are in the transition to be integrated into global market. Good governance provides assurance for long-term profitability and sustainability. It gives positive signal to outside investors. Therefore, we believe it is absolutely essential to promote a good Corporate Governance benefiting from COB academic assets and experiences.

Hence, College of Business (CoB) at Alfaisal University partnered with Saudi Arabia General Investment Authority (SAGIA) on a project aimed at increasing the society awareness of corporate governance and its value for the economy. The partnership started with a project to calculate the Corporate Governance Index (CGI) for the companies trading on the Saudi stock market. The index is calculated based on the governance principles published by the Saudi Capital Market Authority (CMA) and The Organisation for Economic Co-operation and Development (OECD). It shows how each company implement these principles. The main objective of the CGI is to promote good corporate governance culture in the Saudi market through tracking and monitoring corporate governance practices, and identifying governance challenges, and problems.

Department & Programs

image
Accounting

Accounting is one of the most rewarding careers in business and the one that offers the most opportunities with the lowest risk. The American Institute of Certified Public Accountants (AICPA) describes accounting as "The One Degree with 360 Degrees of Possibilities.

-read more
image
Finance

The future is bright for finance graduates in Saudi Arabia. The Kingdom of Saudi Arabia has developed many ambitious plans toward achieving its 2030 Vision. Saudi Arabia is transforming the whole nation’s economy from oil dependent economy into more diversified economy.

-read more
image
Human Resource Management

One of the major challenges facing the Kingdom of Saudi Arabia is the shortage of Saudi Human Resources (HR) managers, experts, and professionals. In addition, organizations, around the world, are increasingly realizing the importance of having quality work-force as their most critical source of competitive advantage.

-read more
image
Marketing

The marketing concentration provides students with an analytical and comprehensive understanding of marketing. Students will be able to generate, analyze, interpret, and present marketing information that firms and other organizations need to satisfy and keep customers through the development..

-read more
image
Project Management

With increasingly competitive businesses environments, corporations are relying on operations and project managers to achieve strategic goals through effective management of innovative solutions.

-read more
image
Master of Business Administration (MBA)

With the MBA degree, Alfaisal University offers several concentrations designed to meet specific needs of the KSA business community. All of our MBA programs require the same eight core courses plus a minimum of six elective courses.

-read more
image
Executive Education

The Centre for Executive Education at Alfaisal University College of Business's mission is to serve the community and attend to the professional development needs of individuals and organizations in order to build leadership qualities in the workplace.

-read more