Committees

INVESTMENT COMMITTEE

The Investment Committee is formed from the Board Directors with the purpose of helping the board in supervising investment transactions and monitoring compliance with investment policies, strategies and risk limits, and reviewing the overall performance of Mulkia in this regard. The committee assists in exercising board supervisory responsibility on the company’s investments and asset management function in general. The committee is also responsible for developing the general investment policies, standards and risk limits for both the company and the investment funds. It also provides continues assessment of investment portfolio performance against planned targets and reviews the level of compliance with the approved strategies, policies, standards and risk limits.

AUDIT AND RISK COMMITTEE

The Investment Committee is formed from the Board Directors with the purpose of helping the board in supervising investment transactions and monitoring compliance with investment policies, strategies and risk limits, and reviewing the overall performance of Mulkia in this regard. The committee assists in exercising board supervisory responsibility on the company’s investments and asset management function in general. The committee is also responsible for developing the general investment policies, standards and risk limits for both the company and the investment funds. It also provides continues assessment of investment portfolio performance against planned targets and reviews the level of compliance with the approved strategies, policies, standards and risk limits.

NOMINATIONS & REMUNERATION COMMITTEE

A consultant committee to the Board of Directors, appointed by the Board according to the regulation approved by the Company General Assembly. The purpose of the Committee is to provide recommendations to Company Board of Directors about nomination to the membership of the Board and setting policies and standards for the remuneration of Board members and senior executives. Committee is responsible for reviewing the board members’ independence, determining the strong and weak points of the board and advising for remedial actions them consistent with the interest of the company. Additionally, the committee shall review the board structure and submit recommendations with regards to changes and improvements that can be made.