Management Committees

Management Committees play an integral part in Al Amal investment Corporate Governance and Internal Control structure. These Committees are platforms for senior management to brainstorm and discuss strategic, business & operational issues and implement necessary action plans, thereby providing strategic, operational, and governance oversight to the Company on a regular basis. The Committees operate through board approved mandates and charters.

Business Excellence & Strategic Transformation Committee

The committee provides strategic oversight to the performance of the Company and facilitates cooperation among various business units.

Asset Liability and Capital Management Committee

The committee provides oversight to the management of Al Amal's investment balance sheet and capitalization.

HR Committee

The committee provides general oversight of Al Amal's investment compensation structure including long term rewards and benefits programs, to review and provide guidance on Al Amal's investment human resources programs, workforce programs, talent review and leadership development and best place to work initiatives.

Credit Committee

The committee exercises due care, diligence, skill, and oversight towards credit risk management in the loan portfolio of Al Amal investment, within Board approved authorities.

Provisioning Committee

This committee approves provisions on the individual loan accounts and on an omnibus basis on the loan portfolio to ensure an accurate reflection of recoverability.

Technology Oversight Committee

This committee oversees the Company's technology strategy and initiatives, oversees significant investments in support of such strategy alongside associated operational considerations, operational risks, information, and cybersecurity risks.