Element List Explanation
Introduction Jazan Development and Investment Company announces the decision of the Board of Directors, in its meeting held on April 12, 2025, to approve the formation of the Audit Committee for the new term, which will begin on April 13, 2025, and will last for four years, ending on April 12, 2029.

 

It has been decided to appoint Mr. Turke Ahmed Alobailan as Chairman of the Committee, with the membership of Mr. Abdulmajeed Sulaiman Aldukhail and Dr. Abdullah Omar Alhussaini as independent members from outside the Board.

The Board of Directors wishes them continued success in carrying out their duties.
Element List Explanation
Appointed Member Name Mr. Turke Ahmed Alobailan
Membership Start Date 2025-04-13 Corresponding to 1446-10-15
Brief Resume of the Appointed Member He holds a Master of Business Administration (MBA) from the University of Hull and a Bachelor of Business Administration in Finance from King Saud University.

 

Twenty years of experience in various fields of local bank examination and review representative in the field of credit, risk management and corporate governance, investment and real estate development, member of boards of directors and audit committees in several companies.
The date of the approval by other official authorities Not applicable
Element List Explanation
Appointed Member Name Mr. Abdulmajeed Sulaiman Aldukhail
Membership Start Date 2025-04-13 Corresponding to 1446-10-15
Brief Resume of the Appointed Member Fellowship of the Saudi Organization of Accountants and Auditors (SOCPA) and American Accounting Fellowship(CPA), Fellowship of the Saudi Authority for Accredited Valuers (Taqeem), CFA LEVEL 3 candidate, Bachelor degree in Accounting from Southern Utah University

 

 

More than ten years of practical experience as a consultant for strategic growth, capital structuring and corporate finance. In addition to managing mergers and acquisitions transactions and corporate valuations. Participated in the membership of boards and committees of other joint stock companies.
The date of the approval by other official authorities Not applicable
Element List Explanation
Appointed Member Name Dr. Abdullah Omar Alhussaini
Membership Start Date 2025-04-13 Corresponding to 1446-10-15
Brief Resume of the Appointed Member Holds a PhD in Economics from the University of Southampton, a master's in finance from the University of North Texas.

 

 

A finance and economics professional with extensive experience in financial analysis, strategic planning, and executive leadership. Proven track record in steering financial operations, optimizing resource allocation, and driving cost efficiencies in both academic and corporate environments. Distinguished in risk management, regulatory compliance, fostering innovation, and leading teams to achieve institutional goals
The date of the approval by other official authorities Not applicable
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2025-04-12 Corresponding to 1446-10-14

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