Board Committees

SAIB Board Committees

Audit Committee

The Committee supervises the bank’s regulatory functions and Internal Audit (in accordance with article 82 of Law 88 for the year 2003). The committee is constituted according to Article No. (82) of the Law No. (88) for the year 2003 and consists of three non-executive board members who have the experience, knowledge, and expertise in the financial and accounting fields.

Formation of the Audit Committee:

1 Dr. Mahmoud Abou El Oyoun Non-Executive Board Member President
2 Mr. Hassan Mokhtar Hegazy Kamal Eldin Non-Executive Board Member Member
3 Major General Mr. Abu Bakr El Gindi Non-Executive Board Member Member

Risk Committee

The Committee controls and follow up the bank’s risk management functions and its compliance with strategies and policies adopted to manage risk.

Formation of the Risk Committee:

1 Mr. Atef Ali Ibrahim El-Sayed Non-Executive Board Member President
2 Mr. Shaheer Wafik William Nashed Non-Executive Board Member Member
3 Dr. Ahmed Abdel Salam Abdel Aziz Non-Executive Board Member Member

Corporate Governance and Nomination Committee

The Committee’s primary purpose is to develop and recommend to the Board corporate governance policies and guidelines for the Bank, also identifying, nominating director and committee member candidates for election to the Board and appointment to committee membership. The committee ensures the application of Corporate Governance rules. The committee is comprised of three non-executive members.

Formation of the Corporate Governance and Nomination Committee:

1 Mr. Hassan Mokhtar Hegazi Kamal ElDin Non-Executive Board Member President
2 Mr. Atef Ali Ibrahim El-Sayed Non-Executive Board Member Member
3 Mr. Mohamed Mohsen Salah El Din  Abdel Wahab Non-Executive Board Member Member

Compensation and Remuneration Committee

The purpose of the Committee is to study salaries and bonuses and review policies and regulations related to salaries, allowances, bonuses, profit incentives and promotions.
The Committee reviews regulations governing the Board Members and employees advantages in sight of the anticipated objectives to be achieved and submits recommendations to The Board of Directors. The committee is comprised of three non-executive members.

Formation of the Remuneration Committee:

1 Mr. Mohamed Mohsen Salah El Din  Abdel Wahab Non-Executive Board Member President
2 Dr. Mahmoud Abu El Eyoun Non-Executive Board Member Member
3 Mr. Sayed Farouk Abdel Hamid Elbaroudy Non-Executive Board Member Member

Investment Committee

Formation of the Remuneration Committee:

1 Mr. Sayed Farouk Abdel Hamid Elbaroudy Non-Executive Board Member President
2 Dr. Ahmed Abdel Salam Abdel Aziz Non-Executive Board Member Member
3 Mr. Shaheer Wafik William Nashed Non-Executive Board Member Member

Executive Committee

SAIB Executive Committee is constituted in accordance with the provisions of Article (82) of the Law No. (88) for the year 2003. The committee is comprised of nine members and is presided over by the chairman or his deputy. The main duties of the committee are stated under Article No. (29) of the Executive Statute of the aforementioned law.