Governance

Governance
from Day One

Sound governance is not something a company builds over time — it is something that must be designed in from the beginning. At Aflak Holdings, our governance framework reflects the highest standards of the DFSA regulatory environment from our first day of operation.

We operate in the DIFC — one of the world's most respected international financial centres — under the oversight of the Dubai Financial Services Authority. The DFSA's regulatory standards for governance, conduct, AML, and client protection are not constraints we navigate around. They are foundations we build on.

Overview Annual Reports Governance Contact IR
Governance Framework

How We Are
Structured

Board of Directors

Aflak Holdings is governed by a Board of Directors comprising the two founding Executive Directors. Board composition and independent oversight arrangements will evolve as the Group grows, in line with DFSA requirements and best practice corporate governance standards.

DFSA Oversight

We operate under the regulatory oversight of the Dubai Financial Services Authority. DFSA licensing applications are in progress for Licensed SEO and Licensed Director functions. All activities are conducted in full compliance with DFSA COB, AML, GEN, and PIB rulebooks.

Internal Controls

We have established a comprehensive internal controls framework from inception, covering investment approval processes, AML and KYC procedures, conflict of interest management, and financial reporting controls. All significant decisions require dual authorisation.

Board Composition

Executive Directors

Abdelqader Al Kahloot
Senior Executive Officer & Executive Director

Responsible for overall Group strategy, client relationships, and regulatory compliance. Holds CISI certifications in Wealth & Investment Management, UAE Financial Rules & Regulations, and Risk in Financial Services. DFSA Licensed SEO application in progress.

Melvine Mathews
Director & Chief Principal

Responsible for investment strategy, technology infrastructure, and analytical frameworks. MBA in Finance from Lancaster University. Chevening Scholar. DFSA Licensed Director application in progress.

Note: As Aflak Holdings is newly established, the Board currently comprises the two founding Executive Directors.

Policies & Documents

Governance
Documentation

AML & KYC Policy Anti-money laundering and know-your-customer procedures consistent with UAE Cabinet Resolution No. 96 of 2023 and DFSA AML rulebook requirements. In Force
Conflicts of Interest Policy Framework for identifying, disclosing, and managing conflicts of interest between the Group, its employees, and its clients. In Force
Investment Policy Statement Formal documentation of our investment mandate, sector focus, risk parameters, and decision-making authority framework. In Force
Data Protection Policy Policy governing the collection, processing, storage, and protection of personal data in accordance with applicable DIFC data protection legislation. In Force
Whistleblowing Policy Confidential reporting framework allowing employees, clients, and other stakeholders to raise concerns about potential misconduct or regulatory breach. In Force
Annual Report 2026 Audited financial statements and comprehensive annual disclosure for the period ending 31 December 2026. Q1 2027

Copies of governance policies are available to clients and regulated counterparties upon request. Please contact melvin@aflakholdings.com