Risk Management and Compliance is primarily responsible for identifying, measuring, monitoring, controlling and reporting the risk profile of Wafra Real Estate Company under the guidance of the Board of Directors. Risk Management develops the necessary control systems and policies based on the perception of risks facing the Company, advises the Board of Directors on the Company's strategy, removes current and future risks and oversees the implementation of this strategy by the Company's departments.

The Department's objective is to assist the Executive Management to effectively execute its responsibilities with respect to the management of business and market risks, other investment risks, financial and operational risks, liquidity and reputation risks, as well as overseeing the Company's regulatory obligation.