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ANNUAL REPORT
2016
4) Executive Committee:
The Executive Committee was re-composed of three members according to the board of directors’
decree issued on 25 April 2016 for a three years period.
Committee
members
Committee
members
Committee duties
Committee duties
Post
Post
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, and review of the
employees annual evaluation reports.
3) Lay down the job description for the executive members, non executive members and
independent members.
4) Ensure that the independence capacity of the independent member of the board is not eliminated.
5) Prepare a detailed annual report on all the remunerations offered to the board of directors and
executive management members, whether they are in the form of amounts of money, advantages
or privileges, regardless of their type and name, and ensure the presentation of this report to the
Company general assembly for approval and that it is read by the chairman.
6) Update a number of the Company policies and procedures, including the following:
-The Company updated performance measurement criteria matrix
- Personnel educational assistance policy
1) Ensure that the policies and regulations approvedby theCompany are characterizedby transparency and
clarity topermit the decisionmaking process, and segregationof the powers and authorities between the
boardof directors and executivemanagement. In this field, it carriedout the following:
- Recommending the approval of the internal rules and regulations concernedwith theCompany’s
business and its development, with the consequent identificationof the tasks, specializations, duties and
responsibilities between the various organizational levels.
- Recommending approval of the authorizationpolicy and executionof works entrusted to the executive
management.
2)Control and supervise the performance of the executivemanagementmembers and ensure their
performance of all the dutiesmandated to them, as follows:
- Ensure that the executivemanagement isworking according to the policies and regulations approvedby
the boardof directors.
-Organize periodicalmeetingswith the executivemanagement todiscuss the progress of work, its hurdles
andproblems, aswell as reviewanddiscuss significant information relevant to theCompany’s activity.
Committee Meetings
Committee Meetings
1/2016 2/2016 3/2016
Member
classifi
-cation
Member
classifi
-cation
Non
executive
Non
executive
Non
executive
100%
100%
0%
0%
0%
0%
0%
0%
100%
100%
100%
100%
Non
executive
Non
executive
Independent
Attendance
Percentage
Attendance
Percentage
1 /2016
Absence
Percentage
Absence
Percentage
Mr. Rasheed Yaccoub
Al Nafisi
Mr. Rasheed Yaccoub
Al Nafisi
Committee
chairman
Committee
chairman
Committee
member
Committee
member
Committee
member
Committee
member
Mr. Mohamed Khaled
Othman Al Othman
Mr. Abdulhameed
Mohamed Deeb Mehrez
Mr. Abdulhameed
Mohamed Deeb Mehrez
Mrs. Rasha Abdulla
Al Qannai