Pioneering Leadership: Alat Becomes the First in Saudi Arabia and Among the First Globally to Implement ISO 37005:2024 Governance Indicators

Riyadh, March 25, 2025 – Alat, an innovative company focused on transforming global industries by creating a world-class manufacturing hub in the Kingdom of Saudi Arabia is proud to announce its successful alignment with the internationally recognized standards of organizational governance. The company has been officially certified under the ISO 37000:2021 and ISO 37005:2024 standards, marking a significant milestone in its ongoing commitment to implementing effective governance systems and continuous improvement.

ISO 37000:2021 sets the global benchmark for good governance of organizations, while ISO 37005:2024 focuses on the development and implementation of governance indicators that ensure measurable, sustainable outcomes. These certifications are granted following an exhaustive evaluation and auditing process conducted by the renowned BSI Group and TÜV Rheinland, verifying that Alat’s governance structure and practices meet the highest international standards.

“Achieving these ISO certifications is just the beginning,” said Mr. Amit Midha, CEO of Alat. “These certifications are a testament to our dedication to continuous improvement and leadership in governance. We are proud to be recognized for pioneering the best practices that will inspire the global community and help shape the future of business.”

With these certifications, Alat not only adheres to the principles of effective governance but also becomes one of the first organizations in the world—and the very first in Saudi Arabia—to implement the ISO 37005:2024 standard. This achievement reflects Alat’s unwavering dedication to maintaining robust governance frameworks that can effectively drive business success and contribute to sustainable growth.

For Alat, the achievement of ISO certification represents a vital step in reinforcing its corporate reputation as a leader in governance and business excellence. These certifications demonstrate Alat’s steadfast commitment to maintaining the highest standards in corporate governance and to ensuring continuous, measurable improvements within the organization. The ISO 37000 and 37005 certifications not only enhance the company’s credibility but also open new avenues for growth, creating opportunities for stronger partnerships and business ventures worldwide.

As one of the few companies to achieve this prestigious certification, Alat continues to lead by example, inspiring other organizations to adopt best practices in governance. These certifications will enable Alat to further elevate its operational efficiency, transparency, and accountability, contributing to long-term business success while setting a benchmark for the industry.

Eng. Abdulqader Alsobaihi, VP of Board Secretariat and Governance, added, “This achievement wouldn’t have been possible without the support of the Public Investment Fund, Alat’s Board of Directors, and the dedication of our leadership team and employees”. He added: “it’s crucial to ensure our governance frameworks are effective, transparent, and aligned with the best global practices. These ISO certifications affirm that Alat’s governance systems are robust and continually evolving, positioning us as leaders in the industry and reinforcing our commitment to excellence and accountability.”

This recent ISO achievement adds to the growing list of milestones for Alat. The company has also forged strategic partnerships with global leaders such as Lenovo, SoftBank, and TKE, underscoring its position as a key player in the technology and advanced manufacturing sectors. These collaborations reflect Alat’s continuous drive to innovate and deliver high-quality solutions across the globe, reinforcing its commitment to excellence and growth in the international market.