Governance
Our Company is deeply committed to upholding the highest standards of corporate governance, adhering to the Corporate Governance Regulations issued by the Capital Market Authority, relevant provisions of the Companies Law, and the best governance practices in the Kingdom.
These regulations establish a clear framework that governs the relationships between the Board of Directors, Executive Management, shareholders, and other stakeholders, ensuring transparency, integrity, and accountability across all our operations.
We prioritize the development and implementation of robust governance policies, aligned with industry best practices, to support our long-term strategic goals.
View our Corporate Governance Regulation
Mr. Taha A. Alkuwaiz
Co-founder and chairman
Mr. Ibrahim A. AlJammaz
Vice Chairman
Mr. Hashem O. Alhekail
Co-founder and board member
Mr. Khalid M. Abalkhail
Board member
Mr. Abdulwahab AlSayed
Board member
Mr. Zaki Al-Showaier
Board member
Mr. Yasser A. Alkadi
Independent board member
Dr. Faisal H. AlSugair
Independent Board member
Mr. Abdullah AlSaeed
Independent Board member
Audit Committee
The Committee is responsible for monitoring the Company's operations and ensuring the accuracy and fairness of the financial reports and statements. Its duties also include reviewing the Company's internal control systems and ensuring compliance with laws and regulations.
Audit Committee Members:
- Mr. Faisal Al-Sugair - Chairman of the Audit Committee (Non-Executive and independent Director).
- Mr. Adel Abbas - Member of the Audit Committee (Member from outside the Board of Directors)
- Mr. Ibrahim Al-Harabi - Member of the Audit Committee (Member from outside the Board of Directors)
Nomination and Remuneration Committee
The Committee assists the Board of Directors in carrying out its duties and overseeing matters related to determining the qualifications and the nomination process for board membership, as well as the compensation of the board members and executives to ensure proper governance.
Nomination and Remuneration Committee Members:
- Mr. Abdullah Al-Saeed - Chairman of the Nomination and Remuneration Committee (Non-Executive and independent Director).
- Mr. Ibrahim Al-Jammaz - Member of the Nomination and Remuneration Committee (Non-Executive and independent Director).
- Mr. Saud Al-Sayed - Member of the Nomination and Remuneration Committee (Member from outside the Board of Directors).
Governance, Risk and Compliance Committee
The Committee is responsible for reviewing and monitoring the risks faced by the company, while establishing and implementing appropriate risk management systems and mechanisms. Moreover, the Committee reviews processes that involve risks, including determining margin lending for example, evaluating the impact of regulatory and legal changes, and ensuring the integrity of risk management.
Governance, Risk and Compliance Committee Members:
- Mr. Yasser Al-Qadi - Chairman of the Governance, Risk and Compliance Committee (Non-Executive and independent Director).
- Mr. Mohammed Al-Shammasi - Member of the Governance, Risk and Compliance Committee (Member from outside the Board of Directors).
- Mr. Bilal Bushnaq - Member of the Governance, Risk and Compliance Committee (Member from outside the Board of Directors).
- Mr. Mohammed Al-Yami - Member of the Governance, Risk and Compliance Committee (Member from outside the Board of Directors).
- Mr. Abdul Fattah Al-Tawil - Member of the Governance, Risk and Compliance Committee (Member from outside the Board of Directors).
Executive Committee
The Committee plans and provides recommendations to the Board of Directors regarding the company's strategic plans, company goals, annual business plans, commercial and financial objectives, and the annual budget.
Executive Committee Members:
- Mr. Taha Al-Kuwaiz - Chairman of the Executive Committee (Non-Executive and independent Director).
- Mr. Ibrahim Al-Jammaz - Member of the Executive Committee (Non-Executive and independent Director).
- Mr. Zaki Al-Showaier - Member of the Executive Committee (Non-Executive and independent Director).
- Mr. Mohammed Al-Shammasi - Member of the Executive Committee (Member from outside the Board of Directors).
Technical Committee
The Committee's task includes developing and applying a technology strategy aligned with the Company's goals, establishing technology governance policies, and ensuring compliance with best practices. It also oversees the implementation of major technology projects and supports technological changes while prioritizing technological initiatives and reviewing capital and operational technology expenditures.
Technical Committee Members:
- Mr. Hashem Al-Hekail - Chairman of the Technical Committee (Non-Executive and independent Director.
- Mr. Abdullah Al-Saeed - Member of the Technical Committee (Non-Executive and independent Director).
- Mr. Hussein Buhaliqah - Member of the Technical Committee (Member from outside the Board of Directors).