The Prosperity ProgramTM has been developed by Aleph Capital Management Inc. to generate far-reaching value from static financial resources held globally by private individuals, while preserving those base assets for future generations.
The main stakeholders in the Prosperity ProgramTMare:
| 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 Inc. | 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 - 5 | YEARS 6 - 10 | BEYOND YEAR 10 |
|---|---|---|---|
| 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 - 5 | YEARS 6 - 10 | BEYOND YEAR 10 |
|---|---|---|---|
| Stakeholder(s) | - | 1 BOD seat | 3 BOD seats |
| Aleph Capital Management Inc. | 5 BOD seats | 4 BOD seats | 49% |
