Corporate Governance

Board of Directors

Board of Directors

The Board of Directors manages the company with an aim to achieve its goals and strategy, members exercise their duties collectively and independently, dedicating sufficient time to fulfill their responsibilities

Board of Directors Structure 2019/2021:

The Board of Directors is composed of five members; all of whom are non-executives:

Marzouq Fajhan Al-Mutari


Bader Saleh Hamed Al-Issa

Deputy Chairman

Yaqoub Yousef Al-Hassawi


Abdullah Jasem Khalid Al-Saadoun


Mohamed Juma Al-Fahad

 Independent Director

Board of Director main Functions and Responsibilities

  1. Determine the mission, vision, the company’s overall strategy and major action plans & its review.
  2. Ensuring the level of compliance with the policies and procedures that emphasize the respect of the company to the internal systems and by-laws that are implemented by the company.
  3. Ensure that the organizational structure of the company is characterized by transparency and clarity, allowing decision-making process and to achieve the principles of good governance, separation of powers and authorities in between each of the Board of Directors and Executive Management.
  4. Developing a corporate governance system for the company, and insure this system does not conflict with the Capital Markets Authority regulation and its supervision and control over its the effectiveness and modify it as needed.
  5. The formation of specialized committees in accordance with the Charter that illustrates its duration , authorities and responsibilities of the committee and how to control it, also includes the formation decision naming the members and determine their duties and their rights and duties as well as the evaluation of the performance and the work of these committees key members.
  6. Determine the authorities that are delegated to the executive management, and decision-making procedures and duration of the delegation. It also identifies issues that the Board retains the authority to decide where.
  7. Control and supervision on the performance of members of the executive management and to make sure they perform all their functions, and the Board must ensure that the executive management operates according to policies and regulations approved by the board of directors.
  8. Appoint or remove any of the members of the executive management including the Chief Executive Officer and equivalents.
  9. Determining the remuneration categories given to employees and executive management.
  10. Approving the interim and annual financial statements.
  11. Ensure the accuracy and integrity of the data and information to be disclosed, according to the policies and systems of disclosure and transparency work force.
  12. Establish effective communication channels to enable the company’s shareholders informed continuously and periodically on the various aspects of its activities and significant developments.
  13. Develop a policy governing the relationship with stakeholders in order to save their rights.
  14. Develop a mechanism to regulate transactions with related parties so as to reduce conflicts of interest.
  15. Follow up the performance indicators for BOD member and executive management in consistent with key performance indicators (KPIs).