NOMINATION AND REMUNERATION (N&R) COMMITTEE

STATEMENT OF N&R COMMITTEE MEMBERS AND THEIR TASKS/DUTIES

The N&R Committee is composed of the following members as of 31st Dec 2022:

Name of AC Members

Position

Status

Engr. Abdulla Atatreh

Chairman

Independent/Non-Executive Director

Mr. Mohamed Ahmad Alhammadi Mr. Mohamed Alhammadi’s Board Membership ended on April 28th, 2022.

Member

Independent/Non-Executive Director

Dr. Abdulaziz Fahad H. Alongary

Member

Independent/Non-Executive Director

Ms. Manwa Alaa Al Brich

Member

Independent/Non-Executive Director

The primary tasks of the N&R Committee are as follows:
  • Verification of ongoing independence of independent board members.
  • Formulation and annual review of the policy on granting remunerations, benefits, incentives and salaries to Board members and employees.
  • Determination of Company’s need for resource and basis of selection.
  • Formulation, supervision of application and annual review of the Company’s human resources and training policy.
  • Organization and follow-up procedure of nomination to the membership of the Board of Directors.

NUMBER OF N&R COMMITTEE MEETINGS HELD DURING THE YEAR 2022 ALONG WITH DATES/ATTENDEES

N&R Committee Meetings held during 2022

20/04/2022

03/10/2022

Engr. Abdulla Atatreh – Committee Chairman

Mr. Mohamed Ahmad Alhammadi – Member Mr. Mohamed Alhammadi’s Board Membership ended on April 28th, 2022.

-

Dr. Abdulaziz Fahad H. Alongary – Member

-

Ms. Manwa Alaa Al Brich – Member

Engr. Abdulla Atatreh, N&R Committee Chairman, acknowledges his responsibility for the committee system in the Company, review of its work mechanism and ensuring its effectiveness.”
NOMINATION AND REMUNERATION COMMITTEE