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New Murabba Development Company (NMDC), a unit of Saudi Arabia's sovereign wealth fund PIF, has announced that it has been awarded the ISO 31022:2020 certification for legal risk management, following a comprehensive review of its internal legal systems, policies, and procedures.
It is one of the latest international standards for legal risk management, granted by the International Organization for Standardisation (ISO) to entities that demonstrate excellence in applying comprehensive legal frameworks and control measures.
The certification reflects the Saudi firm's institutional maturity and commitment to adopting the best international practices in legal governance and risk management, said NMDC in a statement.
It also underscores the company’s efforts to ensure full compliance with applicable laws and regulations, supporting its ability to achieve its strategic objectives.
This achievement reaffirms the company’s dedication to maintaining the highest standards of compliance, quality, and legal integrity as it develops a world-class urban destination aligned with the ambitions of Saudi Arabia’s Vision 2030, it added.-TradeArabia News Service