We believe it is absolutely essential to develop a sound Corporate Governance index (CGI) to monitor and promote good governance practices among corporations doing business in Saudi Arabia. The CGI will raise the country’s overall corporate governance standards and provide possible financial and investment benefits as a result of making governance improvements. That is why many countries around the world have set up CGIs in the past decade. We will benefit from their experience to come up with efficient CGI process for Saudi Arabia and other GCC countries. Corporate Governance Center at the College of Business of Alfaisal University is undertaking a major study to develop CGI for companies trading on the Saudi Financial Market. A dedicated team from College of Business at Alfaisal University is working with support from well-experienced consultants to develop this index. The CGI is based solely on good CG principles set by the Saudi Capital Market Authority (CMA) and The Organization for Economic Co-operation and Development (OECD).

CGI is a way to assess companies in terms of their compliance to the related governance rules in the country and best governance practice around the world. Those rules are expected to promote equal treatment of shareholders; ensure transparency through constant flow of relevant information related shareholders and stakeholders; provide effective structure to hold decision makers accountability for their business decisions; and ensure responsible acts in terms of complying with related laws and regulations. The ultimate benefit of good governance is to develop efficient and effective rules and institutions for higher productivity and long-term economic success. Companies are expected to develop certain written rules and culture for good governance. They are also expected to have strong-will, mechanism, and institutions to implement those rules and report the outcome. Particularly, good governance offers solution for principle-agent problems and conflict of interest issues aligning the goals of everyone toward long-term corporate growth, profitability and social responsibility.

CGI provides data-based independent guidance to Saudi companies helping them to adopt good governance. We think that the adoption of those principles would help companies to make better decisions and resolve any problem between corporate executives, shareholders, and stakeholders. We define shareholders as any individual or institution holding company shares. We consider board members and top managers as corporate executives. We treat the followings as stakeholders: company’s employees, customers, suppliers, creditor, regulatory bodies, society and others. The project also aims at developing CG culture. It will engage and train students into the issues and processes of CG. Opportunities will be provided for the students to enrol in CG course/s; conduct research in CG; and internship in CG.

Department & Programs

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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.

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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.

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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.

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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..

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Operations & 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.

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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.

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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.

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