Corporate Governance

Almarai’s Investment Committee was formed by a resolution of the Board of Directors in June 2020. The Committee supports the Board in overseeing the Company’s investment strategy and investment activities, including the assessment of significant investment proposals and the monitoring of existing and future investments. This includes reviewing major investment transactions such as acquisitions, disposals, joint ventures, and expansions in new or existing projects. The Committee meets at least every six months, and more frequently when required, and may obtain external professional advice when necessary.

Key Responsibilities

The Investment Committee’s responsibilities include:

• reviewing the Company’s investment strategy and related policies and recommending updates to the Board, where appropriate
• evaluating significant investment opportunities and transactions and providing recommendations to the Board
• monitoring the performance of the Company’s investments and reviewing progress against approved investment plans
• assessing investment proposals for alignment with the Company’s objectives and risk appetite
• considering the financing and funding implications of significant investment transactions
• ensuring that investment opportunities and transactions are reviewed in line with applicable laws, regulations, and internal requirements
• following up on the implementation of investment-related decisions and recommendations

Mr. Mohammed Almousa – Committee Member

Mr. Mohammed Almousa serves as Group CEO Advisor for SALIC Co., and having previously held the position of Group CFO. Prior to this, he assumed several senior executive roles within Al Faisaliah Group Holding Co., the last of which was Group CFO. He currently chairs the board of SALIC Ukraine Co. and SALIC Australia Co. He is a board director of Minerva Foods Co. and G3 Global Holdings Co. and sits on the Audit Committees of Abdullah Al-Othaim Markets Co. and Shatirah House Restaurant Co. Mr. Almousa holds a master’s degree in Accountancy from Missouri State University, in Springfield, Missouri, USA, and a bachelor’s degree in Business Administration from King Saud University, Saudi Arabia. He also participated in executive leadership programs and effective boards programs at Institute for Management Development (IMD), Harvard Business School and the European Institute of Business Administration (INSEAD), and holds several professional certifications (CPA, CME1).

Mr. Ali Abousaleh – Committee Member

Mr. Ali Abousaleh is an investment executive with over 20 years of experience in executing complex transactions and managing multi-sector portfolios across global markets. At present, as Chief Investment Execution Officer at SALIC, he oversees international and domestic investment mandates, M&A, joint ventures, divestitures, and governance frameworks. Previously, he was Chief Investment Officer at Barzan Holdings and Director of Private Equity & Alternative Investments at Qatar First Bank. He has served on multiple corporate boards. Mr. Ali holds an Executive MBA from HEC Paris, France and a BS in Business Administration from Washington University in St. Louis, Missouri, USA.