Office of the CEO

Affiliate Departments

Working directly under the Office of the Chief Executive Officer are the following departments:

Legal Affairs Department

The department review regulations and contracts, study legal aspects of different issues, provide necessary legal consultancy required to ET and its affiliated subsidiaries.

It also adopts policies to achieve the highest levels of governance and its applications, aspects of protection against risks of all kinds, internal audit procedures, ensuring the company’s rights – and that of its employee – are fully upheld at all times, in accordance with applicable laws, and the dissemination of legal awareness among employees.

Risk Management Department

The department contributes to supporting the efforts and plans of the top management in achieving the strategic goals and adding important value to the activities and operations by implementing the best global and local practices in risk management.

It is responsible for formulating policies, procedures and methodologies for risk management, in addition to monitoring the practices implemented in this regard in the administrative units and ensuring their compatibility with the approved policies and methodologies.

To this end, the department carries out a comprehensive risk assessment to identify high-level risks, formulate the recommendations to address them, update the risk matrix, follow up with the concerned units to ensure their mitigation, and submit reports on achievement ratios to the Audit and Risk Management Committee of the Board of Directors.

Internal Audit Department:

It undertakes the tasks of providing internal audit services, follow-up, consulting and tasks related to the various activities of the company in an effective, objective and highly professional manner, in accordance with international internal auditing standards, and in coordination and supervision by the Audit and Risk Management Committee.

It is tasked, mainly, with submitting reports on the effectiveness and efficiency of business activities to the Audit and Risk Management Committee and assisting senior management in taking the appropriate decisions to develop procedures and strengthening internal controls over them.

In this context, the Internal Audit Department periodically issues complementary methodologies to its work, as well as indicators to measure the audit outputs and their impact, to ensure the extent of commitment of the various organizational units in addressing shortcomings and strengthening internal controls.

 

Independent Investment Entities:

Reyama Taxi

An equally owned company of Emirates Transport and Fujairah Foundation for Transport was established in May 2012. It manages and operates taxis and provides and rents cars and bus services.

The Saudi Emirati transport company (SEITCO)

An equally owned company between Emirates Transport and the Saudi Public Transport Company (SAPTCO), established in January 2014. It provides, manages and operates school transportation services to schools in the private and public sectors in the Kingdom of Saudi Arabia, with future to expand the services to include all other areas of transportation.

Sharjah Transport Solutions (STS)

Sharjah transport solution was established in year 2017, join venture between Emirates Transport & SHUROOQ investment and development authority (Sharjah). Operate luxury cars fleet to provide hassle free and reliable conveyances to the tourist and business visitors to UAE.