Saudi Real Estate Company (“Al Akaria”) announces the formation of the Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Company (“Al Akaria” or “the company") announces the decision of the Board of Directors to form the Audit Committee for the current Board term, which commenced on February 10, 2025, and will last for a period of four years, ending on February 9, 2029, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mohammed Farhan Nader |
| Membership Start Date | 2025-02-17 Corresponding to 1446-08-18 |
| Brief Resume of the Appointed Member | Mr. Mohammed holds a Bachelor’s degree in Accounting from King Saud University and a Master’s degree in Business Administration and Finance from Heriot-Watt University in the UK. Additionally, he has obtained the American CPA (Certified Public Accountant) and the Saudi SOCPA (Saudi Organization for Certified Public Accountants) certifications.
Mr. Mohammed has over 20 years of experience in professional consulting, accounting, and finance. He currently serves as the CEO of RSM United Accountants for Professional Consulting and is a member of the audit committee at Sipchem, Extra, Bank Albilad, and other closed joint-stock and limited liability companies |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Saud Abdullatef Al Sheikh |
| Membership Start Date | 2025-02-17 Corresponding to 1446-08-18 |
| Brief Resume of the Appointed Member | Mr. Saud holds a Bachelor’s degree in Industrial Engineering and Systems from King Fahd University of Petroleum and Minerals, and a Master’s degree in Finance from Imperial College London in the UK.
Mr. Saud has 16 years of experience in credit analysis at the Saudi Industrial Development Fund and has served as an advisor to the Minister of Finance. He is currently a Senior Director and Advisor to the Head of Domestic Real Estate Investments at the Public Investment Fund, in addition to being a member of the Investment Committee and the Audit Committee at the Saudi Egyptian Industrial Investments Company. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mohammed Omar Aloyaidi |
| Membership Start Date | 2025-02-17 Corresponding to 1446-08-18 |
| Brief Resume of the Appointed Member | Mr. Mohammed holds a Bachelor’s degree in Accounting from King Saud University and a Master’s degree in Business Administration from Oklahoma City University in the United States. He has obtained various professional certifications, including CME-I, the American CPA (Certified Public Accountant), and the Saudi SOCPA (Saudi Organization for Certified Public Accountants).
Mr. Mohammed has over 20 years of experience in auditing, control, and risk management. He has worked at the Capital Market Authority, Ernst & Young, KPMG, and is a partner at Al-Aoyaidi Accountants and Auditors. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-02-17 Corresponding to 1446-08-18 |
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