COUNTERING FRAUD

At NEOM, our ambitions cannot be realized without the trust of others. We therefore have a duty to earn that trust every day, by operating with integrity, transparency, and honesty in everything we do.
Fraud is any act of deception intended to achieve personal gain or cause loss to others. Examples of fraud at work include embezzlement, theft, falsifying of documents, and misuse of NEOM assets, such as computers.
Fraud, and fraudulent activities, have the potential to damage our reputation and therefore our ability to win the trust on which our long-term goals depend.

AS A COMPANY, WE ARE COMMITTED TO:

• Promoting honesty, integrity, and a zero tolerance stance against fraud of any kind
• Adhering to all applicable laws and regulations in relation to fraud and fraudulent activities
• Establishing and maintaining an anti-fraud policy that is aligned with applicable laws and regulations and sets out the rules to be followed by employees in preventing, detecting, and responding to any instances of fraud
• Adopting appropriate segregation of duties in our accounting practices, to help reduce the risk of fraudulent activities going unnoticed due to collusion or the actions of individuals
• Thoroughly investigating any cases of fraudulent activity reported to us, applying appropriate disciplinary measures to proven cases, and passing relevant cases to the public authorities where applicable

AS NEOM REPRESENTATIVES, WE EXPECT YOU TO:

• Promote a culture of integrity at NEOM where fraud in any form is not tolerated
• Understand our zero tolerance stance against fraud of any kind, and help uphold our commitments in this area, by setting an example for others in ensuring you adhere to all applicable regulations and procedures
• Ensure that all NEOM property, such as computers, phones, and other hardware, is protected from theft and only used for legitimate work-related purposes in NEOM’s best interests

 MORE INFORMATION IS AVAILABLE IN OUR:

• Finance and Accounting Policy
• Anti-Financial Crime Policy
• Anti-Fraud Manual

However, you can also contact the Compliance Department if you have any questions or concerns about fraud or potentially fraudulent activities within the company.