Enma Alrawabi Company
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Reached the green zone in terms of Saudization percentage.
- Implemented employee training and development programs.
Governance Achievements
- Listed on Nomu - Parallel Market on October 28, 2021.
- Established an Audit Committee.
- Established a Remuneration and Nominations Committee.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Repercussions of the Corona pandemic, leading to discounts granted to tenants and decreased occupancy rates.
- Increase in administrative and general expenses due to preparation for parallel market listing.
- Risks related to lease contract renewals.
- Risks related to the economic performance of the Kingdom.
- Risks related to political and economic instability in the Middle East.
- Risks related to the corporate system and compliance with regulations.
- Risks related to illiquidity of real estate assets.
- Risks related to value-added tax and real estate transaction tax.
- Risks related to white land fees.
- Risks related to fluctuations in real estate values.
- Risks related to real estate appraisal.
- Risks related to the competitive environment.
- Risks related to litigation.
Mitigation Strategies
- Negotiating with tenants 3 months before lease expiry.
- Following a flexible policy to deal with the pandemic.
- Implementing corporate governance regulations (partially).
- Adapting to changes resulting from the application of value-added tax and real estate disposal tax.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: International Financial Reporting Standards
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Reached the green level of Saudization, especially in leadership and managerial positions.
Governance Achievements
- Established an Audit Committee and a Remuneration and Nominations Committee.
- Implemented Corporate Governance Regulations (partially).
Environmental Challenges
- Risks related to the ability to renew lease contracts.
- Risks related to the economic performance of the Kingdom.
- Risks related to political and economic instability in the Middle East.
- Risks related to applying Corporate Governance Regulations.
- Risks related to non-compliance with current or new laws and regulations.
- Risks related to non-liquidity of real estate assets.
- Risks related to value-added tax and real estate transaction tax.
- Risks related to fluctuations in real estate asset values.
- Risks related to real estate assessment and valuation.
- Risks related to the competitive environment.
- Risks related to changing the mechanism of calculating Zakat.
- Risks related to lawsuits.
Mitigation Strategies
- Seeks to renegotiate lease contracts three months prior to expiry.
- Company operates within the Kingdom's economy and is influenced by government spending.
- Company monitors political and economic circumstances in the Kingdom and globally.
- Company is working to fully implement Corporate Governance Regulations.
- Company works to comply with all laws and regulations and incurs costs to do so.
- Company acknowledges the difficulty in liquidating real estate assets.
- Company adapts to changes resulting from value-added tax and real estate transaction tax.
- Company monitors and manages risks related to real estate value fluctuations.
- Company uses independent external real estate evaluators.
- Company adapts pricing and leasing policies to maintain market share.
- Company monitors changes in Zakat calculation mechanisms.
- Company is pursuing lawsuits to recover debts.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: International Financial Reporting Standards