| Element List | Explanation |
|---|---|
| Introduction | Aljazira Takaful Taawuni Company announces the approval of the Board of Directors on the Nomination and Remuneration committee Recommendation to form the Audit Committee for Board term which commence on 17 July 2025, and will last for a period of three years, ending on 16 July 2028, after obtaining the no-objection from the Insurance Authority as follows: 1. Mr. Ibrahim Mohammed Alhurabi- Chairman of the Committee. (Independent Member) 2. Mr. Mr. Abdulkarim bin Abdullah Al-Shamakh- Member of the Committee. (Member from outside the Board) 3. Mr. Khalid bin Mohammed Al-Khuwaiter- Member of the Committee. (Member from outside the Board) |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr.Ibrahim Mohammed Alhurabi |
| Membership Start Date | 2025-07-31 Corresponding to 1447-02-06 |
| Brief Resume of the Appointed Member | Mr. Ibrahim has extensive experience in internal control and auditing in financial institutions. He holds a Bachelor's degree in Sharia from Imam Muhammad ibn Saud University in Saudi Arabia, as well as a Higher Diploma in Financial Control from the Institute of Public Administration. Mr. Ibrahim is an independent board member of Aljazira Takaful Cooperative Company. He serves as General Manager of Ajda Investment Limited. He has previously held executive and leadership positions, most notably as Director General of Financial and Administrative Affairs at the Communications, Space and Technology Commission, and Senior Vice President and Head of the Internal Audit Group at Bank Aljazira. He has also served on the boards of directors and audit committees of several companies. |
| The date of the approval by other official authorities | 2025/07/31 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdulkarim Abdullah Al-Shamakh |
| Membership Start Date | 2025-07-31 Corresponding to 1447-02-06 |
| Brief Resume of the Appointed Member | Mr. Abdul Karim Al-Shamikh has distinguished professional and administrative experience in the fields of management, leadership, and business development, spanning several diverse sectors. He holds a bachelor's degree in accounting from King Saud University. He serves as CEO of Al- AL MUSAIRIEY Company and has held executive and leadership positions, most notably as CEO of the United Wire Factories Company, the International Petroleum Derivatives Company, and Arabian Oud Company. He has also served on the boards of directors and audit committees of several companies. |
| The date of the approval by other official authorities | 2025/07/31 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Khalid Mohammed Al-Khuwaiter |
| Membership Start Date | 2025-07-31 Corresponding to 1447-02-06 |
| Brief Resume of the Appointed Member | Mr. Khalid Al-Khowaiter has extensive professional experience in the financial and accounting fields. He holds a bachelor's degree in accounting from King Saud University and has passed the American Certified Public Accountant (CPA) exam. He currently serves as Chairman of the Board of Directors of Aslak Company, a member of the audit committees of several companies, and a member of the Professional Performance Quality Control Committee of the Saudi Organization for Certified Public Accountants. He has previously held leadership positions, most notably Chairman of the Board of Directors of Advanced Arab Aviation Simulations Company, Chief Financial Officer and Director of Finance and Accounting at Advanced Electronics Company Limited, and Chief Financial Officer and Financial Controller at the Saudi Hotels and Tourism Company. He has also served on the boards of directors and audit committees of several companies. |
| The date of the approval by other official authorities | 2025/07/31 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-07-21 Corresponding to 1447-01-26 |
