| Element List | Explanation |
|---|---|
| Introduction | The Saudi Awwal Bank announces the appointment of the Audit Committee Members for the new Board term that started on 1 January 2026 for a term of three years and ends on 31 December 2028 as follows: 1- Mr. Martin Powell - Chairmen 2- Mr. Andrew Jackson - Member 3- Dr. Maysa Abdullah Basoudan - Member 4- Mr. Darrel Scott - Member 5- Mr. Mohammed Rasheed AlMaraj – Member |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Martin Powell (Indepdendent Board Director) |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Has an Associate of the Chartered Institute of Bankers qualification with 44 years of senior management experience in banking, financial services, and risk management. |
| The date of the approval by other official authorities | SAMA Non-Objection has been received on 22/07/1447 corresponding 11/01/2026 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Andrew Jackson (Independent External Member) |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Holds a bachelor’s degree in Computer Science and Accounting from the University of Manchester, as well as being a fellowship of the Institute of Chartered Accountants. He worked at KPMG for 30 years, including 19 years as a partner, and served in more than 40 countries. He now has a portfolio on non-executive positions. |
| The date of the approval by other official authorities | SAMA Non-Objection has been received on 22/07/1447 corresponding 11/01/2026 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Dr. Maysa Abdullah Basoudan (Independent External Member) |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Holds Master's and PhD degrees in Accountancy, as well as Graduate Certificate in Advanced Quantitative Methodologies, all from Case Western Reserve University. She is a Certified Fraud Examiner (CFE) with extensive experience in accounting, forensic accounting, and audit committees oversight, as well as fraud prevention and detection. |
| The date of the approval by other official authorities | SAMA Non-Objection has been received on 22/07/1447 corresponding 11/01/2026 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Darrel Scott (Independent External Member) |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Holds Bachelor degrees in Commerce and Accounting, and a Higher Diploma in Taxation from the University of the Witwatersrand. He is a Chartered Accountant with more than 30 years of experience in accounting standards, financial reporting and regulatory advisory. He currently serves as a Non-Executive Board Member of ABSA Financial Services Group and ABSA Bank Mozambique. He also provides advisory services to several international institutions, including the World Bank Group and the IFRS Foundation. |
| The date of the approval by other official authorities | SAMA Non-Objection has been received on 22/07/1447 corresponding 11/01/2026 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Mohammed Rasheed Almaraj (Independent Board Director) |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Holds a bachelor’s of Science in Economics with a major in Finance and Accounting from Wharton School of Business at the University of Pennsylvania. He has extensive experience in retail banking, investment banking, digital banking and business management. He currently serves as the Chairmen of ABC Bank in Jordan and the CEO of Ila Bank in Bahrain. |
| The date of the approval by other official authorities | SAMA Non-Objection has been received on 22/07/1447 corresponding 11/01/2026 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-12-08 Corresponding to 1447-06-17 |
