Page 4 - YBA Kanoo Code of Conduct English & Arabic

INTRODUCTION

Welcome to the “Yusuf Bin Ahmed Kanoo Company Limited, its Associate and Joint
Venture Companies” Code of Conduct.

This Code of Conduct has been developed to help the employees of all companies that
come under the ownership of Yusuf Bin Ahmed Kanoo Company Limited, its Associate
and Joint Venture Companies (hereinafter referred to as “the Company”) undertake
their duties in a manner consistent with our values and working practices. It is not a
replacement for the various procedures, instructions and guidelines provided to you in
connection with your function within the Company, nor will it provide answers to every
situation you may face. However, the principles contained in this Code will help you
decide when a situation requires further thought or reference to a higher level of authority
within the Company.

We each have a duty to see that our business activities comply with the Code. The policy
and historic practices of the Company have always been to conduct its business lawfully
and ethically in the countries in which it operates. It is the intent of the Company to ensure
that all employees conduct themselves in ways that demonstrate uncompromising ethical
standards in all of their dealings with customers, principals, suppliers, governments, the
public, competitors and each other. The integrity of the Company rests upon the integrity
of each individual employee of the Company.

Our business must be judged by the highest standards of ethical behavior. The message
is simple and clear: diligent observance of the laws and regulations within which we
operate is a requirement from which there can be no exception. The same is also
true about observance of the Company policies and procedures. However, rules and
procedures cannot guarantee ethical and legally compliant conduct; only people can.

Every employee of the Company will be required to certify compliance with the Code
upon joining the Company and on return from contractual leave.

Adherence to this revised Code of Conduct is the responsibility of each individual
employee and is a condition of continued employment. Therefore the main decision
making authority regarding matters of ethical behaviour is you, the individual employee
concerned.

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