Governance and Organization Structure


Governance is one of the main concerns that Muqassa is considering at its top priorities. Therefore, the company has established set of Board Committees in order to fulfill the governance requirements stated in The Securities Central Counterparties Regulations and achieve its objectives in terms of disclosing the committees’ names, members, and responsibilities and supporting the board to track Muqassa performance and ensure compliance with the related rules and regulations.

List of Muqassa Board Committees:
  • Internal Audit:
    • Responsibilities: The Audit Committee shall monitor the Company’s work and shall verify the validity and integrity of financial reports and statements as well as internal control systems
    • Members:
      1. Dr. Roland G. Bellegarde - Board Member.
      2. Mr. Mohammed Talal Al-Nory - CEO of Tadawul Advanced Solutions Company (WAMID)
      3. Mr. Yazeed Hamad Al-Eidi. – Chief of risk and security of the Saudi Tadawul Group.
      4. Mr. Saleh Alyahya – Independent Member.
  • Information technology technical committee:
    • Responsibilities: Review the company's information technology plans and strategies. provide the updates to the Board of Directors on information technology matters, as appropriate.
    • Members:
      1. Eng. Khalid Abdullah Alhussan - Chairman of the Board
      2. Mr. Al-Hasan Nabeel Al-Asharam –Chief of Operation of the Saudi Tadawul Group
      3. Mr. Shahrukh Qureshi Chief of Finance of the Saudi Tadawul Group
      4. Mr. Yazeed Hamad Al-Eidi - Chief of risk and security of the Saudi Tadawul Group
      5. Mr. Mohammed Talal Al-Nory - CEO of Tadawul Advanced Solutions Company (WAMID)
  • Nomination and Remuneration committee:
    • Responsibilities: Assist the board on its related supervisory functions and present it to the General Assembly. The committee shall determine the remunerations of the Board members and shall oversee the human resources strategy of the Company.
    • Members:
      1. Mrs. Sarah AlSuhaimi
      2. Ms. Rania Mahmoud Nashar
      3. Mr. Mark Makepeace
      4. Mr. Bander Abdulrahman Bin Mogren
  • Compliance Committee:
    • Responsibilities: The committee shall assist the board to overseeing the compliance function in the company with the rules and regulation and review the reports related to it.
    • Members:
      1. Eng. Khalid Abdullah Al-Hussan – Chairman of the Board
      2. Mr. Abdullah Abdullatif Al-Elsheikh – Chief of legal of the Saudi Tadawul Group
      3. Mr. Khalid Abdulaziz Al-Gheriri - Chief Regulatory Oversight & Authorization Officer of the Saudi Tadawul Group
      4. Ms. Maha Mohammed Al-Beshr – Chief of Human recourse of the Saudi Tadawul Group
      5. Mr. Yazeed Hamad Al-Eidi - Chief of risk and security of the Saudi Tadawul Group.
  • Risk Management Committee:
    • Responsibilities: Provide an advisory role to the Board in matters relating to the Risk Management. The Committee shall review and recommend to the Board any new proposals or amendments related, and not limited to, risk management policies, criteria, limits, investment, and margins.
    • Members:
      1. Mr. Talal Ahmad Al-Khurayji – vice chairman of the board
      2. Ms. Kim Taylor – board member
      3. Mr. Al-Hasan Nabeel Al-Asharam - Chief of Operation of the Saudi Tadawul Group
      4. Mr. Yazeed Hamad Al-Eidi - Chief of risk and security of the Saudi Tadawul Group.
      5. Mr. Mohammed Talal Al-Nory- - CEO of Tadawul Advanced Solutions Company (WAMID)