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Corporate Governance Moves Center Stage As Gulf Countries Aim For Increased Transparency Mar 11 Product Image

Corporate Governance Moves Center Stage As Gulf Countries Aim For Increased Transparency Mar 11

  • ID: 1711946
  • March 2011
  • Standard & Poors


  • Abu Dhabi Commercial Bank
  • Arab Banking Corp. B.S.C.
  • DIFC Investments LLC
  • Gulf Insurance Co. K.S.C.
  • MB Petroleum Service LLC
  • Samba Financial Group
  • MORE

Corporate governance, long considered the Achilles heel of companies in the Gulf region, is beginning to feature strongly on policymakers' radar. While it's too early to say how far governance may improve as a result of recent pronouncements on this subject from Gulf Cooperation Council (GCC) member states, Standard & Poor's Ratings Services believes the region is taking positive steps in the right direction. Governance standards--particularly those surrounding financial disclosure; separation of executive from the chair; treatments of shareholders and creditors; transparency, sophistication of insolvency regimes; penalties for corruption, embezzlement, and fraud; and the influence of the parent company--form an important element in our assessment of an issuer's credit quality. This is especially true in jurisdictions such as those of...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Arab Banking Corp. B.S.C.
- Oman (Sultanate of)
- The National Commercial Bank
- Arab National Bank
- Samba Financial Group
- Riyad Bank
- The Saudi British Bank
- Qatar (State of)
- Gulf Investment Corporation G.S.C.
- National Bank of Abu Dhabi
- Mashreqbank
- Qatar Petroleum
- Abu Dhabi National Insurance Co. (PSC)
- Al-Ahleia Insurance Co. S.A.K.
- Kuwait Reinsurance Co. K.S.C.
- Trust International Insurance & Reinsurance Co. B.S.C.(c) Trust Re
- Abu Dhabi Commercial Bank
- Kuwait (State of)
- BankMuscat S.A.O.G.
- Burgan Bank
- Al Rajhi Bank
- Orient Insurance P.J.S.C.
- Dubai Islamic Bank
- Ras Al-Khaimah National Ins Co. (Unsolicited Ratings)
- Bahrain (Kingdom of)
- Gulf Bank
- Bahrain Kuwait Insurance Co. BSC
- Al Buhaira National Insurance Co. (PSC)
- Central Bank of Bahrain
- Saudi Arabia (Kingdom of)
- Al Ahli Bank of Kuwait
- Oman United Insurance Co. S.A.O.G.
- Kuwait Finance House
- Qatar National Bank
- Kuwait Projects Co. (Holding) K.S.C.
- Saudi Basic Industries Corp.
- BMI Bank B.S.C.
- Banque Saudi Fransi
- Doha Insurance Co. Q.S.C.
- The Commercial Bank of Qatar
- The Saudi Investment Bank
- Sharjah Islamic Bank
- Abu Dhabi National Energy Co. PJSC
- MB Holding Co. LLC
- Emirate of Abu Dhabi
- Arab Bank PLC (Dubai)
- Arab Bank PLC (Bahrain)
- Arab Bank PLC (Qatar)
- Al Baraka Banking Group B.S.C.
- Saudi Electric Co.
- Ahli United Bank B.S.C.
- Doha Bank Q.S.C.
- JAFZ Sukuk Ltd.
- Hannover ReTakaful B.S.C.
- Ras Al Khaimah (Emirate of)
- The Arab Investment and Export Credit Guarantee Corp.
- Aldar Properties PJSC
- Oman Power and Water Procurement Co. SAOC
- Sukuk Funding (No.2) Ltd.
- Emirates Telecommunications Corp. (Etisalat)
- Mubadala Development Co. PJSC
- Wethaq Takaful Insurance Co. K.S.C. (Closed)
- Takaful International Co. BSC
- Qatar Telecom (Qtel) Q.S.C.
- Saudi Re for Cooperative Reinsurance Co.
- Dubai Islamic Insurance & Reinsurance Co. (Aman)
- Saudi National Insurance Co.
- Dar Al Arkan Real Estate Development Company
- Doha Bank Assurance Co. LLC
- MB Petroleum Service LLC
- Al Ain Ahlia Ins. Co. (Unsolicited Ratings)
- Al Dhafra Insurance Co. P.S.C. (Unsolicited Ratings)
- Al Khaleej Takaful Group (Unsolicited Ratings)
- Emirates Insurance Co. (PSC)
- Kuwait Insurance Co. S.A.K. (Unsolicited Ratings)
- Tawuniya/The Company for Cooperative Insurance
- Qatar General Ins. & Reins. Co. S.A.Q.
- Qatar Insurance Co. S.A.Q.
- Warba Ins. Co. K.S.C.
- Gulf Insurance Co. K.S.C.
- Oman Insurance Co. (PSC)
- Bahrain National Insurance Co. BSC
- National General Insurance Co. (PSC)
- Takaful Re Ltd.
- Emaar Properties PJSC
- Salama/Islamic Arab Insurance Co. (P.S.C.)
- Qatar Fertiliser Company (Q.S.C.C)
- DIFC Investments LLC
- DP World Ltd.
- Jebel Ali Free Zone (FZE)
- Saudi Telecom Co.
- First Takaful Insurance Co.
- Tourism Development and Investment Co. P.J.S.C.
- Malath Cooperative Insurance & Reinsurance Co.
- International Petroleum Investment Co.
- Wataniya Insurance Co.
- Bahrain Mumtalakat Holding Co.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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