2/22/2018 7:53:48 PM Market is CLOSED     عربي

Board of Director’s

The Board is responsible for setting the strategic direction of the Company and maintaining an effective governance framework that serves the interest of the stakeholders while safeguarding the company’s assets, in addition to performing an oversight role with regard to the company’s day-to-day business activities.

The detailed mandates of the Board are documented in the Board charter. The key mandates are summarized below:

• Determine and approve the strategy and business plan.

• Compose key Board committees to support the Board in its oversight roles.

• Approve the risk and compliance framework of the Company.

• Approve the Company’s policies and charters.

• Establishing sound standards of Corporate Governance in terms of Board practices, Executive Management functioning, internal controls, and remuneration.

• Promoting ethics and transparency to raise the confidence of investors in the capital market.

• Protecting stakeholders’ rights and monitoring the design and implementation of vital policies and procedures.

• Overseeing management performance through clear key performance indicators and management reporting packs.

• Ensuring that management maintains a system of internal controls assuring effective and efficient operations, internal financial controls, and compliance with laws and regulations.

The Board comprises of eight directors, four non-executive directors (NEDs), two independent directors (IDs) and two vacant memberships.

Mr. Talal Fahad Yousef AlGhanim Chairman
Mr. Saad Faisal AlMutawaa Vice Chairman
Dr. Salah Abdullah AlOthman Non - Executive Director
Mr. Hossam AbdulRahman AlBassam Independent Director
Mr. Fahed AbdulAziz AlJarallah Independent Director
Mr. Soliman Barrak AlMarzouq Non - Executive Director
Mr. Yaqoub Yousef Al Bin Ali Non - Executive Director
Mr. Sulaiman Nabil Bin Salamah Non - Executive Director