Page 60 - 2023 Auunal Report - EN

ANNUAL REPORT 2023 59

3. Nominations and Remunerations Committee:
The Nominations and Remunerations Committee is formed of three members according to the board of directors’
decree issued on 31 March 2022 for a three years period.

Committee Meetings
Committee Post Member
members classification 1/ 2023 2/ 2023

Mr. Rashid Yaccoub Committee Non
Al Nafisi chairman executive
Mr. Mohamed Khaled Committee Independent
Othman Al Othman member

Mr. Abdulhameed Committee Non
Deeb Mihrez member executive
1) Recommend the acceptance of the nomination and re-nomination of members of the board of
directors and executive management.
2) Review the remunerations policy of the board of directors and executive management
members, determine the various segments of remunerations to be granted to employees such as
the fixed remunerations segment, performance related segment, remunerations in the form of
shares segment, end of service indemnities, benefits, advantages and other allowances segment,
Committee duties and review of the employees annual evaluation reports.
3) Lay down the job description for the non executive members and independent members.
4) Ensure that the independence status of the independent board member is maintained.
5) Prepare the corporate governance report on an annual basis including the total of the
remunerations offered to members of the Board of Directors, executive management and
managers, whether they are in the form of amounts, benefits or privileges, regardless of their type
and name, direct or indirect, through the company or its subsidiaries

4. Strategic Financial Planning committee:
The Committee has been composed of three members according to the board of directors’ resolution issued on 31
March 2022 and for a period of three years.
Committee Meetings
Committee Post Member
members classification 1/ 2023 2/ 2023 3/ 2023 4/ 2023

Mr. Rashid Yaccoub Committee Non
Al Nafisi chairman executive
Mr. Abdulhameed Committee Non
Mohamed Deeb Mihrez member executive
Mr. Ali Abdulrahman Committee Independent
Al Shaya member
1) Assist in the development and implementation of strategy, operational plans, and budgets.
2) Review the operational and financial performance.
Committee duties 3) Contribute in prioritizing and allocating resources.
4) Study the feasibility of entering into Proposed new projects and approving them.
5) Study the exit from projects / investments.
6) Facilitate decision-making on matters of importance that require immediate decisions.

The Board of Directors obtains the information and data of the company and the Board meetings from the Board
Secretary and the Chairman through the board vantage program or through e-mail or delivery by hand at least three
working days before the date of the meeting and at any time the board member wishes to obtain Information and data.