Governance

Overview

Fawaz Abdulaziz Alhokair Co. is committed to the highest standards of corporate governance. The Board of Directors has adopted clear policies and practices that promote excellence in corporate governance, in line with our commitment to transparency vis-à-vis all our stakeholders. Our policies ensure compliance with the rules and regulations of the Capital Market Authority in the Kingdom of Saudi Arabia, the listing requirements of the Saudi Exchange “Tadawul”, and the applicable corporate governance requirements.

Key corporate governance policies and practices include:

View our Corporate Governance Regulation

Board of Directors

Fawaz Abdulaziz Fahad Alhokair

Chairman Non-Executive

Dr. Abdulmajeed Abdulaziz Fahad Alhokair

Board Member Non-Executive

Omar Abdulaziz Mohamed Abogy Almohammady

Deputy Chairman Non-Executive

Abdulmajid Abdullah Albasri

Board Member Non-Executive

Mansour Abdulwahhab Alqadi

Board Member Independent

Basem Bin Abdullah Abdul Karim Al Sallom

Board Member Independent

Khalid Walid Alshakhsheer

Board Member Independent

Ahmed Saleh Alsultan

Board Member Independent

Eid Falih Alshamri

Board Member Independent

Board Committees

Audit Committee

The Audit Committee’s primary role is to provide oversight of the financial reporting process and the audit processes.  Its tasks also include reviewing the company's system of internal controls and compliance with laws and regulations.

Committee Members:

Nomination and Remuneration Committee

The Nomination and Remuneration Committee was established in line with Article 50 of the CMA’s Corporate Governance Regulations. It was formed to assist the Board of Directors in carrying out its duties and oversight of matters relating to determining the qualifications and the nomination process for membership as well as the remuneration of the Board and Executive Officers to achieve sound corporate governance.

Committee Members:

Executive Committee

The Executive Committee was formed to advise the Board on matters of organizational direction, strategic planning and key business decisions. Alongside the Board, the Executive Committee monitors and evaluates progress made toward the company’s strategic goals and initiatives.
Its tasks include studying the strategic and operational plans and budgets of the company and expressing an opinion about them when they are presented to the Board, as well as reviewing feasibility studies for new  business projects and making recommendations. Furthermore, the Committee is responsible for overseeing the daily implementation of Board policies and decisions, driving and monitoring operating and financial performance, assessing and controlling risk, prioritizing, and allocating resources while making sure that the company is establishing and maintaining good governance practice. The Executive Committee shall comprise of 4 Members.

Committee Members:

General Assembly Meetings

Meeting

Date of Meeting

Invitation Announcement

Minutes of Meeting

Invites shareholders to attend Ordinary General Assembly Meeting

28/09/2021 G corresponding to 21/02/1443 H