There are no arrangements or agreements under which any of the Company’s Directors, Members of the Committees or Senior Executives have waived their rights for remunerations.
Allowances for Board members for attending Board meetings
| Members of Board of Directors | Fixed remunerations | Variable remunerations | End of service rewards |
Grand
total |
Expenses Allowances |
||||||||||
| Specific amount |
Board sessions attendance fees |
Total Allowance for attending committee meetings |
Remunerations for technical managerial and consultative work |
Remunerations of the Chairman, Managing Director or Secretary, if any |
Total | Percentage of the profits |
Periodic remune- rations |
Short-term incentive plans |
Long-term incentive plans |
Granted shares |
Total | ||||
| First: Independent Members | |||||||||||||||
| Mrs Loulwa Mohammed Abdulkarim Bakr | 200,00 | 200,00 | 200,00 | ||||||||||||
| Total | 200,00 | 200,00 | 200,00 | ||||||||||||
| Second: Non-executive Members | |||||||||||||||
| HRH Prince Mishal Bin Sultan Bin Abdulaziz Al Saud | 200,00 | 200,00 | 200,00 | ||||||||||||
| Mr Abdulaziz Abdulrahman Mohammed Al-Omran | 200,00 | 200,00 | 200,00 | ||||||||||||
| Mr Abdullah Saud Marshoud Al-Romaih | 200,00 | 200,00 | 200,00 | ||||||||||||
| Total | 600,00 | 600,00 | 600,00 | ||||||||||||
| Third: Executive Members | |||||||||||||||
| Mr Ghassab Salman Ghassab Bin Mandeel | 200,00 | 200,00 | 200,00 | ||||||||||||
| Mr Hamad Abdullah Fahad Al-Bakr | 200,00 | 200,00 | 200,00 | ||||||||||||
| Total | 400,00 | 400,00 | 400,00 | ||||||||||||
| Grand Total | 1,200,000 | 1,200,000 | 1,200,000 | ||||||||||||
Remuneration to the top five senior executives
| Senior Executives | Fixed remunerations | Variable remunerations | End of Service Rewards |
Total remuneration for executives in the Board |
Grand
Total |
||||||||
| Salaries | Allowances | In kind benefits |
Total | Periodic remunerations |
Profits | Short-term incentive plans |
Long-term incentive plans |
Equity grants |
Total | ||||
| For 2022 (SAR) | 5,426,250 | 1,808,750 | 7,235,000 | 7,235,000 | 407,861 | 400,000 | 8,042,861 | ||||||
| For 2021 (SAR) | 2,954,718 | 1,034,151 | 3,988,870 | 427,780 | 4,416,650 | 245,000 | 400,000 | 5,061,650 | |||||
Remuneration of Committee members for membership in Board Committees
| Fixed remuneration (except attending sessions) |
Allowances for attending sessions |
Total | |
| Audit Committee Members | |||
| Mrs Loulwa Mohammed Abdulkarim Bakr | 100,000 | 100,000 | |
| Mr Mishal bin Salman bin Ghassab bin Mandeel | 100,000 | 100,000 | |
| Mr Amin Abdel Raouf Hariz | 100,000 | 100,000 | |
| Total | 300,000 | 300,000 | |
| Investment Committee Members | |||
| HRH Prince Mishal Bin Sultan Bin Abdulaziz Al Saud | 100,000 | 100,000 | |
| Mr Abdulaziz Abdulrahman Mohammed Al-Omran | 100,000 | 100,000 | |
| Mrs Loulwa Mohammed Abdulkarim Bakr | 100,000 | 100,000 | |
| Total | 300,000 | 300,000 |
Remuneration policy for Board and Executive Management
Board remuneration
It should be noted that:
- There is no fundamental deviation between the remunerations paid to Members of the Board of Directors, Members of Committees and Senior Executives from the related Capital Market Authority rules and regulations of the Company in force.
- The remuneration of the members of the Board of Directors and the Executive Management is determined based on the related Capital Market Authority laws and regulations. There are no arrangements or agreements under which any of the Company’s Directors, Members of the Committees or Senior Executives have waived their rights for remunerations.
- There are no arrangements or agreements under which any of the company’s shareholders has waived their rights to profits.