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Summary

The report outlines the company's Sustainability policy & framework which identifies the Banks key stakeholder groupings together with their priority issues

Report Highlights

The National Commercial Bank of Saudi Arabia (NCB), one of the Middle East’s leading financial institutions, has released its 2009 Sustainability and Business Excellence Report. The report is available on the company’s Web site and may be accessed here.

The report is NCB’s second annual Sustainability report. GRI has qualified both reports as Application level B. NCB is the first company in Saudi Arabia to comply with the GRI Guidelines and the first financial institution in the Middle East to publish a GRI qualified Sustainability report.

The report outlines NCB’s Sustainability policy and framework which identifies the Banks key stakeholder groupings together with their priority issues. The report furthermore describes key challenges faced by the Bank and the strategy NCB has developed in response to stakeholders expectations. Broad themes of 2009 achievements include:

Providing a responsive, convenient and efficient service
Improving the management of resources and minimize the environmental impacts
Practicing and promoting responsible competitiveness
Attracting, retaining and optimizing talent
Designing and managing programs that address critical needs in society in the field of job creation, education, health and social issues
Creating economic value

The report includes an opening article by Chief Executive Officer, Abdulkareem Abu Alnasr that discusses how significantly improved corporate governance is essential to a sustainable global economic recovery.

To provide feedback on the report and NCB’s approach to Sustainability or to order hard copies of the report in both Arabic and English, please email n.smith@alahli.com

Background to NCB
More than half a century ago, NCB was established as Saudi Arabia’s first bank. It has since grown to become one of the Arab World’s largest financial institutions, with total assets of $68.7 billion, more than 2.2 million customers, and 9,400 employees across the group. For further information please visit www.alahli.com
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