The Prosperity ProgramTM has been developed by Aleph Capital Management to generate far-reaching value from static financial resources held globally by private individuals, while preserving those base assets for future generations.
All prosperity program initiatives are private and developed with full confidentiality.
The main stakeholders in the Prosperity ProgramTM are:
| STAKEHOLDER | MAIN ROLE |
|---|---|
| Senior Members of Local Society | Long-term support and commitment |
| Top Rank Global Bankers | Custodianship of capital and accounts |
| Aleph Capital Management | 100% Funding of all Prosperity ProgramTM businessees |
| International Specializied Companies/Persons | Subject matter expertise and know-how |
A main feature of The Prosperity ProgramTM is transfer of ownership and control of Aleph-financed projects and companies to local citizens over time.
This is a fundamental of our corporate social responsibility agenda and will mostly be achieved at the following estimated rates:
| STAKEHOLDER | YEARS 1 to 3 | YEARS 4 to 7 | BEYOND YEAR 7 |
|---|---|---|---|
| Stakeholder(s) | - | 25% | 51% |
| Other Partners | 100% | 75% | 49% |
Corporate Governance will also follow the highest standards of transparency, with the following Board of Directors representation evolution and related transfer of ownership and control to Saudi stakeholders:
| PROGRAM | YEARS 1 to 3 | YEARS 4 to 7 | BEYOND YEAR 7 |
|---|---|---|---|
| Stakeholder(s) | - | 1 BOD seat | 3 BOD seats |
| Aleph Capital Management | 5 BOD seats | 4 BOD seats | 2 BOD seats |
