Business Ethics

Built on Integrity.
Driven by Accountability.

At Invictus, ethical conduct is our compass. As a publicly listed company operating across multiple jurisdictions and sectors, we earn trust by making the right choices, every time, everywhere. Our approach goes beyond words; it is reflected in our culture, governance, and daily operations.

Two professionals shaking hands in an office
Trust. Integrity. Quality.

Words are not enough. We earn trust the same way we build value — by making the right choices, every time and everywhere we operate.

Invictus Ethics & Compliance Program
01A message from our leadership

Doing the right thing, everywhere we operate

Amir Daoud Abdellatif, Chief Executive Officer
Amir Daoud AbdellatifChief Executive Officer

At Invictus, how we achieve our results matters as much as the results themselves. Our reputation is built on a simple principle: we do the right thing, even when no one is watching.

As a publicly listed company operating across multiple jurisdictions and sectors, integrity is not a department — it is the responsibility of every person who represents Invictus, from the Board to our newest colleague. I expect each of us to know our Code of Conduct, to speak up without fear when something isn’t right, and to treat our partners, communities and one another with honesty and respect.

I give you my personal commitment that concerns raised in good faith will be heard, protected and acted upon. That is how we earn — and keep — the trust of our shareholders, our partners and the markets we serve.

Amir Daoud AbdellatifChief Executive Officer
Hazem El NaggarGroup Head of Compliance
02Our Ethics & Compliance Program

Governance that starts at the top

Our Board sets the tone at the top, approving key policies and resourcing the compliance function. The Board Audit, Risk and Insider Trading Committee drives policy clarity, champions our Code of Conduct, and ensures executive accountability.

We maintain an enterprise-wide program, led by the Group Head of Compliance, that integrates risk-based policies, hands-on controls, continuous monitoring, and independent review — identifying and addressing potential misconduct before it impacts our business or stakeholders.

Our Internal Audit function provides objective assessments of policy adherence and control effectiveness, reporting directly to the Audit, Risk and Insider Trading Committee.

01

Board of Directors

Sets the tone at the top, approves policies, resources the function.

02

Audit, Risk & Insider Trading Committee

Independent board-level oversight of the entire program.

03

Group Head of Compliance

Leads design, rollout, monitoring and enforcement across the group.

04

Internal Audit

Objective assurance on adherence and control effectiveness.

03Key Program Components

Explore our compliance framework

Each area below is governed by clear policies, procedures, training and oversight. Select a pillar to explore its policies and download the documents.

Speaking up & ethical culture

The foundation of how we behave, decide and treat one another — and the safe channels to raise concerns.

Code of Conduct

The foundation of how we behave, decide and treat one another.

Download PDF

Speak Up

Independent whistleblower policy — raise concerns safely and anonymously.

Download PDF

Conflict of Interest

Identifying, disclosing and managing competing interests.

Download PDF

Anti-financial crime

Zero tolerance for bribery, fraud and money-laundering — with controls that extend to the partners we work with.

Anti-Bribery & Corruption

Zero tolerance for bribery, kickbacks and improper advantage.

Download PDF

Anti-Fraud

Preventing, detecting and responding to fraud of every kind.

Download PDF

AML/CFT & Third-Party Compliance

Anti-money-laundering, terrorist-financing and partner due diligence.

Download PDF

Sanctions Compliance

Screening and controls to honour global sanctions regimes.

Policy in effect

Market integrity & disclosure

Protecting market integrity and ensuring accurate, timely and fair disclosure to all stakeholders.

Insider Trading

Protecting market integrity and material non-public information.

Policy in effect

Securities Trading

Rules governing how we and our people trade securities.

Policy in effect

Disclosure & Transparency

Accurate, timely and fair disclosure to the market.

Download PDF

Data & government engagement

Safeguarding information and engaging with public officials in a principled, transparent way.

Data Privacy & Confidentiality

Safeguarding personal data and confidential information.

Policy in effect

Government Engagement

Principled, transparent interaction with public officials.

Download PDF
04Speak Up

See something? Say something.
We will listen.

We encourage everyone — employees, contractors and partners — to report concerns through our independent Speak Up platform. Available for everyone, it supports anonymous submissions and assures non-retaliation. Every report is handled with discretion, investigated promptly, and tracked via a secure reference number.

Anonymous by designSubmit without revealing your identity.
Non-retaliationGood-faith reports are fully protected.
Handled with discretionInvestigated promptly and fairly.
Secure reference numberTrack your case confidentially.
Independent platform

Scan to Speak Up

Point your phone camera at the code to open the secure portal.

Open the Speak Up portal
or visit invictus.integrityline.com
1

Raise it

Submit online or by phone — anonymously if you prefer, in your own language.

2

Get a reference

Receive a secure case number to follow up and respond confidentially.

3

We investigate

Trained specialists review every report with discretion and independence.

4

We act

Findings drive corrective action. You are protected throughout — always.

Colleagues collaborating in a meeting
Our Culture

Integrity is everyone’s responsibility — from the boardroom to every desk, in every market we serve.

05Global Standards, Local Execution

Aligned to the world's leading frameworks

We align with global frameworks while adapting controls to local regulations and cultural norms — ensuring consistent ethical standards and effective risk management in every market where we operate.

One code, consistently applied. Where local requirements set a higher bar, the stricter standard governs our conduct.

United KingdomUK Bribery ActZero tolerance for bribery in any form.
United StatesU.S. FCPAStrict anti-corruption controls across borders.
InternationalOECD GuidelinesResponsible business conduct, globally.
EU & InternationalWhistleblower DirectivesProtected reporting, by design.
06Awareness, Communication & Training

Compliance built into daily routines

Awareness is critical. We make ethical decision-making part of how the company works, every day.

01

Mandatory onboarding

Flip
Day one

Every new joiner is trained on our Code of Conduct and core compliance topics — so doing the right thing starts before the first deal is ever done.

02

Refresher training

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Recurring

Regular refreshers keep standards current as regulations and risks evolve — our knowledge moves as fast as our markets.

03

Case studies & briefings

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Ongoing

Real scenarios from our own markets turn policy into judgment — practising the hard calls before they become real ones.

04

Always-on guidance

Flip
Always on

Our Code, policies and the Compliance team are one message away — asking early is always the right call.

From our Code of Conduct

Your compass for responsible decision-making

When faced with tough choices or grey areas, ask yourself these five questions — try it:

0 of 5 considered
Your compass points true.This decision is in line with our Code and our values — proceed with confidence, and with integrity.
If any answer is “no” — or even “I’m not sure” — don’t proceed. Pause and seek guidance from your supervisor, Senior Management or the Compliance team. It’s always better to ask early than to face the consequences of a wrong decision later.
Ethics & Compliance Team

Questions or need further guidance?

Should you have questions about our policies or program, please contact our Ethics & Compliance team. For confidential concerns, use the Speak Up platform above.

compliance@invictustrading.ae