Board of Directors Committees

Under the regulations of the Capital Market Authority of Kuwait, Module 15 (Corporate Governance) in the executive bylaws, three committees were formed to assist the Board of Directors in fulfilling its roles and duties effectively.

Audit Committee

Committee’s Responsibility:

• Oversight of the adequacy of the financial statements of Soor Fuel Marketing Company

• Oversight of the performance and effectiveness of the Soor Fuel Marketing Company’s internal and external audit function

• Oversight of the measures taken regarding the outcomes of the regulatory bodies’ reports.

Member Name	Title
Mr. Ashraf Al-Haj	Committee Chairman
Mr. Jaber Mohammed Ashknani	Committee Member
Mr. Abdulaziz Al-Ali	Committee Member
Mrs. Rana Al-Khatib	Committee Secretary

Risk Management Committee

Committee’s Responsibility:

• Assists the Board of Directors in the oversight of the risk management systems set to identify, assess, and control potential or current risks that may impact the Board’s objectives.

Member Name	Title
Mrs. Nour Mahdi Mahmoud	Committee Chairman
Mr. Talal Ahmad Al-Khars	Committee Member
Mr. Jaber Mohammed Ashknani	Committee Member
Mrs. Rana Al-Khatib	Committee Secretary

Nomination & Remuneration Committee

Committee’s Responsibility:

• Identify, screen and recommend to the Board of Directors appropriate candidates to serve as Board directors and Executive Management.

• Oversee the process for evaluating the performance of the Board of Directors.

• Preparing the compensation and remunerations policies and reports for the Board of Directors, Executive Management and Senior Management.

Member Name	Title
Mr. Ashraf Al-Haj	Committee Chairman
Mr. Talal Ahmad Al-Khars	Committee Member
Mr. Jaafar Ali Rajab	Committee Member
Mrs. Rana Al-Khatib	Committee Secretary