Corporate Governance

Corporate Governance

Amlak Finance upholds high standards of corporate governance based on the legislations of the Emirates Securities and Commodities Authority (SCA), Dubai Financial Market (DFM) and the UAE Central Bank (CB) regulations.

The Board ensures that strategic decision making is streamlined and centralized across the organization. This allows the Board of Directions to take an active and effective role in decision making, oversight and implementation of proper management structure, all with goal of achieving Amlak’s long term objectives.

Amlak’s Board Committees are the Audit Committee, Board Risk Committee, and Nomination and Remuneration Committee.

Executive Management Committees are Management Committee (MANCO), Assets and Liability Committee (ALCO) and Credit Committee.

Current Board membership includes:

• Mr. Ali Ibrahim Mohammad
• Mr. Khalid Salim Alhalyan
• Ms. Fatima Ahmed Rashid Qasimi
• Mr. Rashed Al Awadhi
• Mr. Ayad Hammad Al Harazeen
• Mr. Mastafa Ismail Karam
• Mr. Shaker Fareed Zainal

Board of Director’s Committees:

The Board is collectively responsible for the long term success of Amlak Finance and delivery of sustainable shareholder value. Its role is to provide leadership and direction to the organization within a framework of discretion and effective controls which enables risks to be identified, assessed and managed.

Amlak’s Board Committees are:

• Audit Committee
• Nomination and Remuneration Committee
• Risk Committee

Executive Management Committees:

The Executive Management provides effective oversight and leadership to implement short term and long term corporate strategies through a number of Executive Management Committees. These Committees, in addition to formulating and delivering Amlak’s business strategies, also monitor and manage financial performance, capital allocation, risk management as well as operational and administrative matters.

Amlak’s Exceptive Managements Committees are:

• Management Committee (MANCO)
• Assets & Liability Committee (ALCO)
• Credit Committee