Sustainability Statement Anti-Corruption Training (Cont’d) Notably, we are proud to report zero incidents of corruption or non-compliance in the reporting year. We conducted corruption-related risk assessments across all internal operations and compiled the findings into an integrity risk register. This register was then presented to the Board Audit Risk Committee (“BARC”) and the Board Investment Committee (“BIC”) for evaluation and assessment. The REIT prioritises regulatory compliance and robust risk management as crucial components to building long-term value, enhancing our reputation, and ensuring operational resilience. Compliance ensures legal adherence and fosters stakeholder trust, while effective risk management identifies, assesses and mitigates threats to financial performance, reputation and business continuity. To ensure regulatory compliance, the Manager oversees comprehensive compliance reports, conducts training sessions, seeks legal advice and performs audits. Al-Salām REIT communicates regulatory obligations to tenants, monitors compliance and keeps the Board informed of legal developments. Risk Management Risk management at Al-Salam REIT is overseen by the BARC, supported by ERMC and implemented by Risk owners. Corporate Governance and Anti-Corruption (Cont’d) Regulatory Compliance and Risk Management • Oversees the risk management framework and policies, including keeping abreast with new or emerging trends. This includes reviewing, monitoring and assessing the control effectiveness of key risks, such as sustainability and climate-related risks Board Audit and Risk Committee • Oversees risk management strategy operations, framework and policies • Reports any comprehensive risk to the BARC • Conducts quarterly risk assessments, which are documented in a comprehensive risk register Enterprise Risk Management Committee Fraud Bribery & Kickbacks Conflicts of Interest Collusion Environmental Corruption Government Interaction Embezzlement Facilitation Payments Country of Operation Recruitment Gifts, Entertainment & Hospitality Money Laundering Cyber Corruption Charitable, Political Donation, Sponsorship Procurement Practices Operations in Al-Salam been assessed against 15 corruption risks 1 ABOUT US 59 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
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