Committees

Key Responsibilities of the Executive Committee

Investment Strategy Oversight: Review and approve investment strategies and opportunities to ensure alignment with the company’s strategic objectives and risk tolerance.

Capital Allocation: Ensure optimal allocation of resources to high-impact projects and initiatives that maximize shareholder value.

Performance Monitoring: Oversee the performance of key investments and projects, ensuring they deliver expected returns and align with organizational goals.

Policy Development: Establish and monitor policies related to investment governance, risk management, and operational efficiency.

Risk Management: Evaluate potential risks associated with investments and ensure robust mitigation strategies are in place.

Stakeholder Alignment: Maintain a strong focus on stakeholder engagement by ensuring decisions reflect the company’s mission and values.

Operational Efficiency: Provide oversight on key operational initiatives to ensure they support the company’s growth trajectory and strategic objectives.

Key Responsibilities of the Audit, Risk, and Finance Committee

Financial Reporting Oversight: Review the company’s financial statements, ensuring accuracy, transparency, and compliance with accounting standards and regulatory requirements.

Audit Procedures: Oversee the external audit process, including the selection and performance of external auditors, ensuring that audits are conducted independently and effectively.

Internal Controls: Assess and monitor the effectiveness of internal control systems to ensure financial integrity and the mitigation of risks related to financial reporting.

Risk Management: Evaluate the company’s risk management framework, ensuring it identifies, assesses, and mitigates key risks that could impact business operations and objectives.

Compliance Oversight: Ensure the company complies with all relevant laws, regulations, and governance standards, including monitoring compliance with anti-corruption and anti-money laundering policies.

Governance and Ethics: Promote high ethical standards, reviewing the company’s governance practices and ensuring alignment with industry best practices.

Reporting to the Board: Provide regular reports to the Board of Directors on the effectiveness of financial reporting, risk management, internal controls, and compliance processes.

Key Responsibilities of the Investment Committee

Investment Strategy Oversight: Review and approve the company’s overall investment strategy to ensure it aligns with Dar Al Aila’s long-term objectives and risk appetite.

Investment Approval: Evaluate and approve specific investment opportunities, ensuring they meet the company’s strategic goals and deliver sustainable value.

Portfolio Management: Oversee the management of the company’s investment portfolio, ensuring it remains diversified and optimized for risk and return.

Risk Assessment: Assess and mitigate potential risks associated with investments, including market, financial, operational, and regulatory risks.

Due Diligence: Ensure thorough due diligence is conducted for potential investments, including financial, legal, and operational assessments.

Performance Monitoring: Monitor the performance of approved investments and provide strategic guidance on adjustments or exits to maximize returns.

Compliance and Governance: Ensure that all investment activities comply with relevant laws, regulations, and internal policies, promoting high standards of governance.

Reporting to the Board: Provide regular updates and reports to the Board of Directors on the status of investments, performance metrics, and strategic initiatives.

The committee drives the integration of sustainability across the organization to ensure long-term value creation for employees, communities, and stakeholders. It oversees the implementation of the company’s sustainability strategy, mitigates non-financial risks, and ensures alignment of business operations with environmental, social, and economic objectives.

In line with Vision 2030, the committee also evaluates future investments to ensure they meet the highest standards of sustainability, supporting national priorities such as sustainable development, clean energy, and responsible resource management. By embedding these principles into its operations, Dar Al Aila aims to position itself as a leader in sustainability, setting a benchmark for positive, lasting impact both locally and globally.