Corporate Governance
Board Members
AQARAT’s board of directors consists of eight (8) members; one (1) executive member, two (2) independent, and five (5) non-executive members and enjoys a diversified educational and professional experience, specialized skills as well as knowledge of the Company’s activities. The number of directors is sufficient to form the required committees.
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Mr. Ibrahim Al-Therban is an accomplished businessman with more than 44 years of
Read MoreIbrahim S. Al-Therban
Chairman
Roles & Responsibilities
Approve the Company’s major goals, strategies, plans, and policies.
Approve annual budgets, periodic and annual financial information.
Ensure the company’s commitment to the policies and procedures, which guarantee the company’s compliance with internal rules and regulations.
Safeguard the accuracy and validity of the information to be disclosed in line with applicable disclosure and transparency policies and rules.
Set corporate governance system, monitor the effectiveness of this system, and modify it if necessary.
Monitor the performance of each member of a Board of Directors and executive management.
Prepare an annual report to be cited in the annual general assembly that includes the procedures of fulfilling corporate governance rules.
Form specialized committees where period, powers, and responsibilities of each committee are clarified.
Ensure that the Company’s approved policies and procedures are clear and transparent to facilitate decision making, implement sound governance, segregate powers and authorities of both the board of directors and executive management.
Monitor the performance of executive management to ensure their efficient implementation of job requirements.