Operating as a centralized function, SEDCO’s Internal Audit (IA) Department provides independent assurance and advisory services across SEDCO Holding, Methak Investment Holding, and the Salem Bin Mahfouz Foundation (SBMF).
The IA function operates with a flexible resourcing model and scope aligned with SEDCO's strategy, risk profile, approved audit plan, and in line with a meticulously planned audit cycle. Where necessary, the function engages external specialists and subject matter experts through co-sourcing arrangements to support audit engagements requiring specific technical expertise.
This approach ensures adequate audit coverage, objectivity, and access to specialized skills, while maintaining the independence of the IA Function.