Corporate Governance
for Sustainability
At Sorouh, we adhere to the highest standards of financial transparency and corporate disclosure. Our real estate portfolio is managed through a strict governance structure separating ownership from management, ensuring accurate valuations and maximum protection for shareholders and fund partners.
14
Active SPVs
IFRS 16
Reporting Standard
Big 4
External Auditor
RICS
Valuation Method
Institutional Compliance Matrix
An integrated governance framework covering disclosure, audit, and valuation requirements.
| Governance Element | Details | Standard |
|---|---|---|
Ownership–Management Separation | SPV ring-fencing per asset class | CMA KSA |
Financial Reporting | Semi-annual investor-level P&L and NAV | IFRS 16 |
External Audit | Quarterly cycle, Big 4 certified auditor | Big 4 |
Valuation Methodology | RICS Red Book standard for all portfolio assets | RICS |
ESG Disclosure | Annual sustainability report per GRI Standards | GRI |
Risk Committee | Independent non-executive directors, SAMA guidelines | SAMA |
Governance Structure Detail
Committee
Audit & Risk Committee
An independent committee of non-executive directors oversees quarterly financial audits, stress-testing scenarios aligned with SAMA guidelines, and counterparty credit risk across all joint-venture agreements.
Quarterly
Audit Cycle
Big 4 Certified
External Auditor
100% Portfolio
Risk Coverage
Committee
ESG Compliance
All Sorouh developments meet LEED Gold or above. Carbon sequestration targets are embedded in design briefs, and social impact audits measure employment generation per billion SAR deployed.
Gold
Min. LEED Rating
Net-Zero by 2040
Carbon Target
1,200+
Social Jobs/1B SAR
Committee
Ownership–Management Separation
Sorouh holds its assets through a purpose-built SPV structure. This ensures ring-fenced liability, clean auditable title chains, and streamlined REIT conversion pathways for institutional exit strategies.
14 Entities
SPV Count
RICS Red Book
Valuation Method
CMA Compliant
Shareholder Protection
Committee
Financial Disclosure
Semi-annual investor reports are issued with full project-level P&L, NAV reconciliation, and pipeline updates. All disclosures conform to IFRS 16 and CMA real estate sector guidelines.
Semi-Annual
Reporting Frequency
IFRS 16
Accounting Standard
CMA KSA
Regulatory Compliance
Request the Full Governance Report
Institutional investors and fund partners can request access to the full annual governance report and ownership structure documentation.