Corporate Governance Committee

Almowazi Capital Corporate Governance Committee
Nomination and Remuneration Committee
Responsibilities

The Nomination and Remuneration Committee will ensure that each board member meets the criteria of competence, integrity, and financial soundness. Additionally, the committee will verify that candidates for board positions possess the necessary experience and qualifications when being considered for reappointment.

Furthermore, the Nomination and Remuneration Committee is responsible for evaluating the overall board composition and ensuring a diverse range of skills and expertise among its members. By maintaining a balance of expertise and competencies on the board, the committee can enhance decision-making processes and contribute to the overall success and sustainability of the company. Additionally, the committee will review and recommend appropriate remuneration packages for board members, taking into account market benchmarks, performance evaluations, and alignment with the company's strategic objectives. Through its diligent oversight and strategic guidance, the Nomination and Remuneration Committee plays a pivotal role in shaping the effectiveness and governance of the company's board of directors.

Committee Members
  • Mr. Mohammad Al Sarraf
  • Mr. Muhannad Al Sane
  • Mr. Mahmoud Al Rifaei
Audit Committee
Responsibilities

The Audit Committee strives to promote a culture of compliance within the company by safeguarding the integrity and accuracy of the company's financial reports, and by enhancing the efficiency and effectiveness of the internal control systems in place.

In addition, the Audit Committee plays a key role in overseeing the external audit process to provide independent assurance on the company's financial statements. By ensuring transparency and accountability in financial reporting, the committee helps to maintain the trust of stakeholders and uphold the company's reputation. Moreover, the committee collaborates with management to identify and address any potential risks or discrepancies in financial management, thereby strengthening the overall governance and control framework of the organization.

Committee Members
  • Mr. Mahmoud Al Rifaei
  • Mr. Mohammad Al Sarraf
  • Mr. Ali Faisal Alkazemi
Risk Management Committee
Responsibilities

The Risk Management Committee is tasked with formulating policies and guidelines for effectively managing risks in alignment with the company's risk aversion stance. This involves assessing both internal and external factors that contribute to the emergence of risks and devising strategies to mitigate and address them proactively. By identifying potential risks and implementing robust risk management practices, the committee contributes to safeguarding the company's assets, reputation, and long-term sustainability. Through its diligent oversight and strategic planning, the Risk Management Committee plays a crucial role in enhancing the company's resilience and ability to navigate uncertainties in a rapidly evolving business environment.

Committee Members
  • Mr. Mohammad Al Sarraf  (Committee Chairman)
  • Mr. Raed Jawad Bukhamseen
  • Mr. Ali Faisal Alkazemi
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