New Murabba Development Company Awarded ISO 31022:2020 Certification for Legal Risk Management

Riyadh, August 14, 2025 (Saudi Arabia Breaking News) – New Murabba Development Company, a Public Investment Fund (PIF) company, has been awarded the ISO 31022:2020 certification for legal risk management, following a comprehensive review of its internal legal systems, policies, and procedures.

In a statement on Thursday, the company said the certification reflects its institutional maturity and commitment to adopting best international practices in legal governance and risk management. It also underscores its efforts to ensure full compliance with applicable laws and regulations, supporting its ability to achieve strategic objectives.

ISO 31022:2020 is one of the latest international standards for legal risk management, granted by the International Organization for Standardization (ISO) to entities that demonstrate excellence in applying comprehensive legal frameworks and control measures.

“This achievement reaffirms New Murabba Development Company’s dedication to maintaining the highest standards of compliance, quality, and legal integrity as it develops a world-class urban destination aligned with the ambitions of Saudi Arabia’s Vision 2030,” the company said.