Anti-Bribery and Anti-Corruption Policy

1. Introduction and Our Commitment

Abaq Al-Hayat is committed to the highest standards of integrity in all dealings with customers, government entities, partners, and employees, and rejects bribery and corruption in all forms without exception, regardless of the party involved or the circumstances.

2. Legal Basis

This policy is based on the Saudi Anti-Bribery Law (issued by Royal Decree No. M/36, as amended), under the oversight of the Oversight and Anti-Corruption Authority ("Nazaha").

3. Definition of Bribery and Corruption

Under the law, bribery includes any promise, gift, or benefit, whether tangible or intangible — including money, in-kind gifts, or even favors or discounts in contracts and commercial transactions — that is offered, requested, or accepted in exchange for performing (or refraining from performing) an official duty.

4. Prohibition of Bribery in All Forms

All Abaq Al-Hayat employees and representatives, and any party acting on its behalf, are prohibited from doing any of the following:

• Offering, giving, or promising any bribe to a public official or any other party to facilitate any procedure.
• Requesting or accepting any bribe from a customer, supplier, or any third party.
• Using an intermediary to offer or facilitate any bribery transaction on behalf of the company.

5. Facilitation Payments

Abaq Al-Hayat does not permit any "Facilitation Payments" — small amounts paid to a government official to speed up a routine procedure that is already part of that official’s duties. All of our fees and charges are disclosed and officially documented only.

6. Gifts and Hospitality

7. Dealing with Government Entities

Given the nature of our company formation and licensing services, our team regularly deals with multiple government entities. We are committed to completing all procedures only through approved official channels, without any attempt to unlawfully influence any public official.

8. Conflicts of Interest

Our employees are required to disclose any personal or financial relationship that may create an actual or potential conflict between their personal interests and those of the company or the customer.

9. Reporting Violations and Protecting Whistleblowers

We encourage reporting any violation or suspicion of bribery or corruption, either internally or through the following official channels:

You may also report through the Oversight and Anti-Corruption Authority website (nazaha.gov.sa) or its application. The law governing the protection of whistleblowers, witnesses, experts, and victims ensures the confidentiality of the whistleblower’s identity and protects them from any retaliatory action.

10. Legal Penalties

The Anti-Bribery Law imposes strict penalties on the briber, the bribed party, and the intermediary, including imprisonment (up to 10 years) and a fine (up to one million riyals), with a possible exemption for the briber or intermediary if the offense is reported before it is discovered. The company itself may also be subject to a fine of up to ten times the value of the bribe or barred from contracting with government entities if it is established that the offense was committed for its benefit. This section is provided for informational purposes only and does not replace review of the full legal text with your legal advisor.

11. Changes to This Policy

We may update this policy to reflect any amendments to the law. Any update will be published on this page with the date of the latest update.

12. Contact Us

For any questions regarding this policy, please contact us via:

• Email: info@ur.abqalhayat.com
• Address: Riyadh - King Fahd Road South - Al Jafal Commercial Center - 3rd Floor - Office 21