Tatweer Holding

COMMITTEE

REMUNERATION AND NOMINATION COMMITTEE

The Remuneration and Nomination committee is established to ensure that reward policies support our performance culture, reflect business affordability and market needs and encourage employee accountability.
  • Approve the investment strategy and policy
  • Reviewing the investment strategy and policy regularly to ensure consistency with changes that may occur in the external environment in which the company operates, legislation regulating business, or strategic objectives or otherwise, and recommending to the Board proposed changes.
  • Overseeing company investment activities and establishing appropriate processes for measuring and assessing investment performance.
  • Studying and evaluating the investment opportunities proposed regarding the following transactions and making appropriate recommendations:
  • Mergers or acquisitions of companies, businesses, or assets.
  • Any termination, sale, transfer of ownership, exit, or disposition of an existing investment.
  • Joint ventures
  • Investment opportunities in new businesses or sector
  • Venture Capital or Private Equity investments
  • Prioritizing investment opportunities

EXECUTIVE/INVESTMENT COMMITTEE

This committee is appointed and chaired by the Chairman, who defines its role and responsibilities, tenure and authority. Committee members elected by the Chairman of the Committee. The Committee role and responsibilities includes the following:
  • Committee Role:
  • Recommend to the Board the nomination of candidates for the role of Board Member
  • Approve the appointment and remuneration of senior executives directly reporting to the CEO
  • Review and supervise the implementation of succession planning, ongoing development, and training of the Board members, and CEO direct reports
  • Oversee the design of the performance management and remuneration system and its operation, and ensure that remuneration is appropriate and consistent with the company’s culture, its long-term business and strategy, its performance and market competitiveness as well as Talent Retention Strategies
  • Monitor Senior Management performance and oversee the company’s Human Resource policies

AUDIT AND RISK COMMITTEE

 The Audit and Risk Committee performs oversight of the financial reporting process, the audit process, the system of internal controls and compliance with applicable laws and regulations. Its responsibilities are:
  • To review significant accounting and reporting matters and regulatory pronouncements to understand the potential impact on financial statements
  • To review accounting policies and procedures and ensure that these are as per the requirements of applicable rules and regulations
  • To review internal controls over financial reporting
  • To be responsible for the appointment of external auditors and oversight of the work of the external auditor. It reviews the results of audit with management and external auditors
  • To reviews proposed audit approaches for internal audits. It reviews and approves the internal audit plan and handles co-ordination of the audit effort with internal audit staff.

MANAGEMENT COMMITTEE

SUSTAINABILITY COMMITTEE

Ensuring our sustainability efforts are communicated clearly and consistently inspires employees across all our subsidiaries and embeds sustainability into Tatweer Holding’s culture. Led by our Sustainability Committee, sustainability initiatives are deeply integrated into our operations. The committee oversees our sustainability strategy and guides management to embed sustainability throughout our business, ensuring sustained growth for our employees, community, and country.

Moreover, the Sustainability Committee at Tatweer Holding is committed to integrating and promoting sustainability within our current businesses and future investments. We strive to lead the way in sustainability within the Kingdom, setting an example for others to follow and making a positive sustainable impact on our country and the world.

DIGITAL TRANSFORMATION COMMITTEE

At Tatweer Holding, we embrace digital transformation as a significant business opportunity rather than a threat. For us, it’s not just about adopting digital technologies; it’s about evolving our businesses to align with the “new normal” shaped by the convergence of digital technology, society, and organizations. We see immense potential in leveraging our extensive industrial and service presence in the Kingdom to develop and deliver more sustainable services and products. Several of our subsidiaries have already begun redefining their value proposition to capitalize on these opportunities.

At the operational level, digital technologies have already enhanced our marketing strategies, streamlined operations, transformed work processes, and strengthened relationships with stakeholders.

Our success lies in having a clear long-term vision for Tatweer Holding’s digital transformation and initiating transformation projects with robust business cases. Our leadership is fully committed to realizing our digital transformation vision, and our organizational culture is continuously evolving to become more agile, open to experimentation, and sustainable.

Undoubtedly, technology serves as the cornerstone of all our transformations.

ESG Focus

Tatweer Holding ESG policy guides us in integrating Environmental, Social, and Governance (ESG) issues throughout our investment process, and shapes our work as active, engaged owners

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