The Company is establish a compensation and remuneration committee. The committee will operate in accordance with the charter approved by the Board of Directors. The Chairman and the other members of the compensation and remuneration committee will be designated by the Board of Directors. The compensation and remuneration committee's charter will be reviewed annually by the Board of Directors following a recommendation by the remuneration committee. The compensation and remuneration committee will be responsible, among other things, for:
| 1. |
Monitoring and recommending the level and structure of all direct and indirect remuneration of the Company’s directors and senior management |
| 2. |
Monitoring and recommending awards under any deferred compensation plans and any incentive share plans implemented by the Company |
| 3. |
Developing a formal and transparent policy for fixing the remuneration packages of directors
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| Compensation and remuneration committee members will include: |
| 1. |
Mr. Mohammad Al Sheikh, Chairman |
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2.
3.
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Mr. Mishari Al Mishari
Dr. Salman Al Sudairy
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