In the presence of the General Manager of Taqat Trading and Business Solutions and the Director of the Governance Office, a specialized workshop entitled “Reviewing the Risk Management Record” was organized and presented by Ms. Amal Al-Haj Omar, Director of Governance, Compliance, Risk and Reporting, as part of efforts to promote a culture of corporate governance and proactive risk prevention.
The workshop was opened by the General Manager of Taqat Trading and Business Solutions, Mr. Mohammed Al-Yazidi, who emphasized the importance of establishing and continuing such specialized workshops, which come within the framework of Taqat Trading and Business Solutions' commitment to promoting the principles of corporate governance and applying best risk management practices.
Risk management has become an essential component of business sustainability, rather than merely a regulatory measure. It acts as a protective shield that enables us to anticipate challenges before they arise and make informed decisions that preserve the company's interests and support the continuity of its projects.
Updating the risk register is a collective responsibility and an opportunity for every department and project to identify potential weaknesses and address them within a clear and systematic framework.
From this perspective, I call on all colleagues to engage seriously with the outcomes of this workshop and contribute to building a conscious institutional culture based on anticipation and proactive analysis rather than reaction."
The workshop aimed to raise awareness of the importance of updating the 2025 risk management register through a practical methodology that includes identifying, analyzing, and assessing risks and developing plans to address them.
The workshop addressed several topics, most notably:
· The concept of risk management and its role in protecting projects.
· Risk classifications (operational, legal, technical, environmental, financial, governance).
For his part, Dr. Mustafa Al-Qadi emphasized in his speech that “risk management is a vital tool that enables management to work safely and continuously by anticipating potential challenges and dealing with them effectively,” calling on all officials to commit to active participation in the annual update process.