Board Of Directors

Chairman's message

Together…For a better future

Praise be to Allah, Lord of all worlds and peace and blessing be upon our master Muhammad and upon all his family and companions: It’s my pleasure to welcome you to Al-Awwal Capital Company for financial services. And I would like to take this opportunity to thank our guests, clients, partners and colleagues for all their support and understanding which has brought us to this high level of excellence. Having been granted our work permit as one of the first financial companies in the country, and setting our mark on the local and international economic stage with our experienced work team, we have committed ourselves to embodying our values through actions and achievements. We have pioneered in finding innovative financial solutions for Islamic banking, managed our clients’ investments with safety and confidence, and steered our markets towards safe shores with pure, innovative Islamic thinking. Government economic sectors have searched for practical solutions that would help people avoid crises, organize investment and financial activities, which would in turn stabilize the markets. With this in mind, specialized financial firms were permitted to operate and provide financial and investment services. Having this permit from the Saudi Capital Market Authority allowed Al-Awwal Company to provide reliable financial services, and tailored investment consultations compliant with Shari’a laws. All this is achieved through sound financial planning which manages and increases clients’ assets for generations to come. Today, we are proud of our partners who provided us with their trust in carrying the responsibility, we are proud of our experts who gained the trust of our clients and helped our company reach this level of excellence, and we are proud of our achievements and pioneering in managing the assets of generations to come.

Doctor/ Saleh Jameel Malaika

Chairman

Dr. Saleh Jameel Malaika

Chairman

Has more than 32 years of practical experience in various executive positions in Academics, Finance, Investment, Islamic banking and Cooperative Insurance.
Doctor Saleh also currently heads the board of various companies such as (Global Rusd Company for Marketing Services – Rusd Investment Bank –Rusd around the world Company
Islamic Company for Reinsurance in Tunisia
Islamic Leasing Company in Algeria – Saudi Egyptian Insurance House Company – Machinery and Equipment Leasing Company of Saudi Arabia).
He is also a member of many local, regional and international committees and bodies (The Committee of International Investment at the Jeddah Chamber of Commerce – A member of the Investment Committee Foundation of King Abdul Aziz and his men for Care of the Gifted
Advisory Board for review and accounts of the Organization of Islamic financial institutions).
Doctor Saleh a Business Administration Doctorate with a specialization in (Investment – funding) from the University of Michigan in 1990, and a Masters Degree in Business Administration from King Fahad University in 1984, in addition to his Bachelors Degree in Civil Engineering from the University of Petroleum and Minerals in 1981.

Doctor Rashid Abdullah Al Suwaikit

Board Member

Doctor Rashid Al Suwaikit holds a board member position at the Chamber of Commerce and Industry in the Eastern Province, the Gulf Cooperation Council (GCC) for Capital Projects, the Economic Union of the Gulf Cooperation Council and the American University for Petroleum Engineering. He also serves a number of local and international charitable organizations.
Doctor Suwaikit possesses vast experience in corporate organizing in many different industries such as trading companies, contracting companies and sea, gas, oil and energy services. He has established cooperative projects with international companies in Saudi Arabia.
Mr. Suwaikit holds a Masters Degree in Business Administration from King Fahad Petroleum and Minerals University and a Bachelor in Business Administration from Warner Pacific College in Portland, USA. In addition to that, he has attended many courses and seminars in business management.

Mr.Adnan Muhammad Tilmisani

CEO & MD

Has more than 32 years of banking experience in the management of Investment Funds, Bank Marketing, Investment Planning, Investment Products and Credit Structuring, Investment Consulting and Corporate Financing.
Obtained various qualification programs in the field of Financial Accounting, Corporate Credit Analysis, Management of Islamic Banks and the Management of Work teams and Customization, from international organizations (Britain – Belgium – Malaysia – Jordan).
Mr. Adnan has also held various managerial posts in Gulf and Saudi establishments such as the Arab Bank / Al Baraka Bank / Al Tawfeeq Company / Al Ameen Bank.
He also contributed studies and Work Papers at many Gulf Conferences and Workshops specializing in Islamic economics, Investment Consulting and Corporate Financing. He headed a number of successful investment fund proposals in the Gulf region with international banks such as Namura Bank – Commerzbank – Islamic Dow Jones Index.

Eng. Ahmed Tariq Murad

Board Member

Executive Partner and Vice Chairman of the Board of Directors at “Saudi United Fertilizers Company” since 2010.
He served as a board member of “Salama Cooperative Insurance Company” between 2019 and 2020, and then was appointed as the Chairman of the Board of the company between November 12, 2020, and September 11, 2022.
Possessing a wealth of experience spanning 30 years in the fields of engineering, commercial projects, Islamic finance, and the development of Sharia-compliant banking products, he has expertise in financial investments in investment funds.He was a board member of the “National Agricultural Marketing Company – Thimar” between May 14, 2020, and July 8, 2020. Additionally, he held the position of Deputy Head of Investment at “Nasma Holding Company” between 2008 and 2010. He served as the Head of Product Development and Research at the financial expert company between 2008 and 2006 and held the position of Senior Corporate Finance Manager at “Bahrain Islamic Bank” between 2000 and 2006.
He founded the “Murad Engineering Consulting Center.”
He holds a Master’s degree in Business Administration from the University of San Francisco in the United States in 1988 and a Bachelor’s degree in Financial Sciences from the United States in

Board Committees

CONSISTING OF :

- 1. Mr. Adnan Mohammed Talmisany – Chairman of the Committee
  2. Mr. Ahmed Mohamed Elatta

DUTIES OF THE COMMITTEE:

1. Develop codes of conduct and ensure compliance with them.
2. Develop and follow up the implementation of the compliance guide and compliance program.
3. Follow-up the preparation of reports and notices submitted to the management of the company on compliance and compliance issues and the Capital Market Authority and the Department of Conformity and Compliance to ensure that the company’s activities are carried out in accordance with policies and procedures in accordance with the provisions of control.
4. Reviewing the adequacy of compliance and compliance arrangements and determining the responsibility for ensuring compliance and having an adequate system to ensure that they are carried out in a satisfactory manner by establishing appropriate rules, controls and procedures that enable the Company to comply with the regulations and executive regulations and all other regulatory requirements issued by the Capital Market Authority.
5. Monitor the securities business carried out by the company and ensure its compliance with the regulations and rules set.
6. Reviewing the periodic reports submitted by the Head of Compliance and Compliance regarding the compliance of the company and its employees with the executive regulations and regulations and all other statutory requirements issued by the Capital Market Authority
7. Ensure compliance with the requirements stipulated in the Anti-Money Laundering Law and the Implementing Regulations and inform the administrative apparatus of matters related to money laundering and terrorism financing.
8. Ensure that the Money Laundering Reporting Officer and any relevant staff are able to have timely access to all customer records, operations, and any other information they may need to carry out the tasks assigned to them.
9. Monitor the ongoing training plans and programs for all employees regarding compliance, and AML .
10. Contribute to the development of internal performance
11. Consider deviations that are found to take corrective steps.
12. Address and correct any deviations in the performance of works.

CONSISTING OF :

- 1. Dr. Saleh Jamil Malaikah – Chairman of the Committee
  2. Dr. Rashid Abdullah Al-Swaiket
  3. Eng. Ahmed Tariq Murad

DUTIES OF THE COMMITTEE:

1. Recommend to the Board of Directors nomination for membership of the Board in accordance with the policies and standards adopted taking into account not to nominate any person who has been convicted of a crime against honor and honesty.
2. Annual review of the required skills requirements for the membership of the Board of Directors and the preparation of a description of the capabilities and qualifications required for the membership of the Board of Directors, including the determination of the time required by the member for the work of the Board of Directors
3. Review the structure of the Board of Directors and make recommendations regarding possible changes
4. Identify the weaknesses and strengths of the Board of Directors, and propose to address them in accordance with the interest of the company.
5. Ensure the annual independence of the independent members, and there is no conflict of interest as the member is a member of the board of directors of another company.
6. Establish clear policies for the compensation and remuneration of board members and senior executives

CONSISTING OF :

- 1. Dr. Nadia Mohammed Baeshen – Chairman of the Committee
  2. Dr. Rashid Abdullah Al-Swaiket
  3. Mr. Farouk Fouad Ahmed Ghulam

DUTIES OF THE COMMITTEE:

1. Supervise the internal audit department in the company, in order to verify its effectiveness in carrying out the tasks and tasks assigned to it by the Board of Directors.
2. Examine the internal control system and prepare a written report on its opinion and recommendations.
3. Study the internal audit reports and follow up the implementation of the corrective actions of the observations contained therein.
4. Recommend to the Board of Directors the appointment and dismissal of chartered accountants and determine their fees.
5. Follow up the work of the Chartered Accountants, and approve any work outside the scope of the audit work assigned to them during their audit work.
6. Study the audit plan with the chartered accountant and make observations on it.
7. Studying the legal accountant’s notes on the financial statements and following up on them.
8. Study the preliminary and annual financial statements before presenting them to the Board of Directors and expressing their opinion and recommendation in this regard.
9. Studying the accounting policies adopted and giving opinion and recommendation to the Board of Directors.

Chairman's message