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The Council of Ministers Decision No. 273 dated 9/5/1438 H corresponding to 06/02/2017 re-formed the Board of Directors of the Company for a period of three years. The members of the Board are as follows:

No. Director Category Representative of Position held in other companies as of 31/12/2019
1 Ms. Sarah Al-Suhaimi Chairperson of the Board (Non-Executive) Licensed Brokerage firms AlAhli Capital - Chief Executive Officer and Board Member.
2. Mr. Abdulrahman
Al-Mofadhi
Deputy Chairman (Non-Executive) Ministry of Finance
  • National Shipping Carrier of Saudi Arabia (Bahri) - Chairman of the Board.
  • Dar Al Tamleek - Chairman of the Board
3. His Excellency Mr. Suhail Abanmi Non-Executive Ministry of Commerce and Investment
4. Mr. Abdulaziz Bin Hassan Non-Executive Companies listed on the Saudi Stock Exchange
  • Al Alamiya for Cooperative Insurance Company - Chairman of the Board
  • Al-Faisaliah Group - Member of the Board of Directors
5. Mr. Ali Al-Gwaiz Non-Executive Licensed Brokerage firms
  • The Family Office Co. for International Investment - Chief Executive Officer.
  • Middle East Healthcare Company – Member of the Board of Directors
6. Mr. Tariq Al-Sudairy Non-Executive Licensed Brokerage firms
  • Jadwa Investment Company -
    Managing Director and Chief Executive Officer.
  • Abdul Mohsen Al-Hokair Group for Tourism and Development - Member of the Board of Directors
  • Saudi Aramco Base Oil Company (Luberef) – Member of the Board of Directors
  • AlRajhi Alpha Investments –
    Member of the Board of Directors .
7. Mr. Rayan Fayez Non-Executive Companies listed on the Saudi Stock Exchange
  • Banque Saudi Fransi - Managing Director and Chief Executive Officer.
  • Saudi Fransi Capital - Member of the Board of Directors.
  • Saudi Agricultural and Livestock Investment Company (SALIC) - Member of the Board of Directors.
  • Hassana Investment Company
8. Mr. Abdullah bin Nasser
Al Dawood*
Non-Executive Companies listed on the Saudi Stock Exchange
  • Seera Group Holding Company - Chief Executive Officer.
  • AlRaedah Finance - Member of the Board of Directors.
  • Vision City - Member of the Board of Directors.
  • Development and Investment Entertainment Company - Chairman of the Board.
  • Al-Musafer Travel and Tourism Company - Chairman of the Board
9. Mr. Hashem Alhekail* Non-Executive Saudi Arabian Monetary Agency
10. Mr. Abdulaziz Bin Saleh
Al Furaih**
Non-Executive Saudi Arabian Monetary Agency
11. Dr. Khaled Bin Hussein
Al Biyari**
Non-Executive Companies listed on the Saudi Stock Exchange

* Appointed pursuant to the Council of Ministers 'Resolution No. (627) dated 24/12/1439H corresponding to 04/09/2018, complementing the three-year period stipulated in the Council of Ministers' Decision No. (273) dated 06/10/1439H corresponding to 06/02/2017

** Their membership expired on 24/12/1439H corresponding to 04/09/2018

Attendance at Board meetings

Name of member Position First meeting 04.03.2018 Second meeting 15.05.2018 Third meeting 05.08.2018 Fourth meeting 28.10.2018 Fifth meeting 26.12.2018
Ms. Sarah Al-Suhaimi Chairman of the Board
Dr. Abdulrahman Al-Mofadhi Deputy Chairman Excused
His Excellency Mr. Suhail Abanmi Member Excused
Mr. Hashem Alhekail* Member Not a member Not a member Not a member
Mr. Abdullah bin Nasser Al Dawood* Member Not a member Not a member Not a member
Mr. Tariq Al-Sudairy Member
Mr. Ali Al-Gwaiz Member
Mr. Abdulaziz Bin Hassan Member
Mr. Rayan Fayez Member
Mr. Abdulaziz Bin Saleh Al Furaih Member Term Expired Term Expired
Dr. Khaled Bin Hussein Al Biyari Member Excused Term Expired Term Expired

Directors' remuneration (SAR)

  • In accordance with the Articles of Association of the Company, a percentage not exceeding 0.5% of the remaining profits (after statutory deductions) shall be determined by the General Assembly to be provided as compensation to the Directors. The members of the Board of Directors shall receive an annual remuneration of SAR 200,000 thousand for their membership in the committees emanating from the Board membership. in addition, they receive SAR 3,000 for each committee meeting they attend.
  • A member of the Board of Directors who is a member of the Regulatory Oversight and Policy Committee shall be granted an additional amount of SAR 200,000 considering the nature of the work and responsibilities of the Committee.

This is in line with the Company's commitment to the provisions of Article (76) of the Companies Law, which regulates the remuneration of the members of the Board of Directors.

The following table shows the total remuneration of Directors for the year 2018:

Name of member For attending committee meetings SAR Annual membership bonus SAR The bonus out of the profits of 2018 SAR Total SAR
Ms. Sarah Al-Suhaimi 18,000 200,000 40,760 258,760
Mr. Abdulrahman Al-Mofadhi 9,000 200,000 40,760 249,760
Mr. Ali Al-Gwaiz 21,000 200,000 40,760 261,760
Mr. Tariq Al-Sudairy 21,000 200,000 40,760 261,760
His Excellency Mr. Suhail Abanmi 15,000 200,000 40,760 255,760
Mr. Abdulaziz Bin Hassan 45,000 375,000 40,760 460,760
Mr. Rayan Fayez 15,000 200,000 40,760 255,760
Mr. Hashem Alhekail 9,000 57,777 13,289 80,066
Mr. Abdullah bin Nasser Al Dawood 6,000 57,777 13,289 77,066
Dr. Khaled Bin Hussain Al Biyari 12,000 135,000 27,471 174,471
Mr. Abdulaziz Bin Saleh Al Furaih 18,000 135,000 27,471 180,471
Total 189,000 1,960,554 366,840 2,516,394

Rewards and benefits of Senior Executives (SAR)*

Statement Total amount
Salaries and allowances 9,192,951.44
Annual and other bonuses 6,360,000.00
Total 15,552,951.44
* Executives' emoluments represent the top five executives, including CEO and CFO.
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