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Corporate Governance

Board Committees

Board Committees

  • At the beginning of each session of the Council (three years), three affiliated committees are formed: the Audit Committee, the Risk Management Committee, and the Nominations and Remuneration Committee. Their goal is to intensify the Council’s efforts in following up on the company’s various activities while ensuring that the work of all departments is consistent with the instructions of the Capital Markets Authority. In addition to following up on the responsibilities assigned to each department separately.
  • These committees are formed in accordance with internal regulations established by the Board of Directors, which include specifying the tasks of the committee, the duration of its work, the powers granted to it during this period, and how the Board of Directors monitors it. The committee informs the Board of Directors of the results it does, reaches, or takes in absolute transparency. The Board of Directors approves all regulations and work systems for all permanent committees emanating from it and monitors their performance periodically to ensure that they carry out the tasks assigned to them.
  • The committees emanating from the Board bear responsibility for their work before the Board of Directors, but this does not relieve the Board of Directors of its responsibility for the work of these committees.

Audit Committee

Audit Committee Structure 2022/2024:

The Audit Committee is composed of Four members; all of whom are non-executives:

Yaqoub Yousef Al-Hassawi

Head Of Committee

Bader Saleh Hamed Al-Issa

Committee Member

Abdullah Jasem Khalid Al-Saadoun

Committee Member

Mohamed Juma’a Al-Fahad

Committee Member

Risk Management Committee

Risk management Committee Structure 2022/2024:

The Risk Committee is composed of Three members; all of whom are non-executives:

Abdullah Jasem Khalid Al-Saadoun

Head Of Committee

Yaqoub Yousef Al-Hassawi

Committee Member

Mohamed Juma’a Al-Fahad

Committee Member

Nomination & Remuneration Committee

Nomination & Remuneration Committee Structure 2022/2024:

The NR Committee is composed of Three members; all of whom are non-executives:

Yaqoub Yousef Al-Hassawi

Head Of Committee

Mohamed Juma’a Al-Fahad

Committee Member

Abdullah Jasem Khalid Al-Saadoun

Committee Member