Audit Committee

The committee was established to provide oversight over the integrity of the Bank’s financial reporting process, the effectiveness of the Bank’s internal control systems, and its compliance with all statutory requirements. It is also responsible for overseeing and reviewing the performance of the Bank’s Internal Audit and Compliance functions, as well as monitoring the work of the Bank’s External Auditors, to ensure the independence and objectivity of each, in addition to the quality of the applied outputs. The Committee also regularly discusses Audit and Compliance reports for the various functions. It also has oversight on the whistleblowing process and its outcome. Additionally, in line with the Bank’s dedication to customer service, the committee reviews complaint trends and their root causes.

Chair:  Mr. Sherif Samy

Members:  Mr. Paresh Sukthankar, Mr. Jawaid Mirza

Risk Committee

The Risk Committee assists the Board in carrying out its duties related to Risk Management oversight, concurs on all Risk Policies. The Committee’s role includes assisting the Board in the organization’s governance and exercising due care and diligence in terms of the Risk Management Framework and processes for all Financial and Non-Financial Risks, as well as Emerging Risks.

Chair:  Mr. Rajeev Kakar 

Members:  Mr. Fadhel AlAli, Ms. Nevine Sabbour

Compensation Committee

The Compensation Committee is responsible for recommending appropriate compensation levels for the Board of Directors, the Bank’s executive officers, and key personnel, based on their annual performance evaluations in alignment with corporate goals and objectives. Additionally, the committee annually reviews the Bank’s competitive position to ensure it can attract and retain top talent.

Chair:  Ms. Nevine Sabbour 

Members: Mr. Paresh Sukthankar, Mr. Aziz Moolji

Governance and Nomination Committee

The Governance and Nomination Committee is integral to upholding the bank's high corporate governance standards, in line with its size and complexity. It reviews ethical standards, ensuring they guide the bank’s operations, and oversees the implementation of strategic policies and procedures to promote a culture of integrity and professionalism. The committee also ensures the existence of mechanisms to identify and address potential conflicts of interest across the bank’s diverse activities. It ensures the monitoring of the compliance with the code of conduct, evaluates governance practices, and reviews disclosure documents. Additionally, the committee establishes criteria for board member selection, periodically reviews board size, and recommends adjustments to enhance governance effectiveness.

Chair:  Mr. Fadhel AlAli

Members:  Mr. Rajeev Kakar, Ms. Nevine Sabbour

Operations and Technology Committee

The Operations and Technology Committee assists the Board of Directors in overseeing operational and technological initiatives to ensure they align with the bank’s overall strategic objectives. The committee plays a key role in driving operational efficiency, enhancing competitiveness, and mitigating risks by streamlining processes, optimizing resources, and supporting the bank’s commitment to delivering value to stakeholders. Emphasizing the adoption of industry-leading, cost-effective practices, the committee contributes to the bank’s resilience, with a focus on developing robust systems capable of maintaining continuity amid both external and internal disruptions.

Chair:  Mr. Jawaid Mirza 

Members:  Mr. Sherif Samy, Eng. Hoda Mansour

Sustainability Committee 

The BSC provides strategic direction on Environmental, Social, and Governance (ESG) matters, ensuring the effective integration of ESG practices across the Bank’s operations. It also enforces compliance with regulatory requirements in alignment with both global and regional ESG frameworks. It plays a key role in shaping the Bank’s Sustainable Finance Policy and Strategy, aligning them with regulatory requirements, stakeholder interests, and the evolving landscape of technology trends. The committee also oversees the entire ESG governance structure, to ensure robust internal control processes are in place and that ESG risks and opportunities are identified and managed effectively and in a timely manner. Additionally, the BSC ensures that the Bank adopts a transparent sustainability disclosure strategy, fostering accountability to its stakeholders, including regulators, shareholders, investors, and creditors. and drives both internal and external strategic sustainability advocacy.

Chair:  Eng. Hoda Mansour

Members: Mr. Sherif Samy, Mr. Aziz Moolji