The Audit Committee assists the Board in discharging its responsibilities relating to financial reporting, external and internal audits and controls, including reviewing and monitoring the integrity of the Company’s financial statements, reviewing and monitoring the extent of the non-audit work undertaken by external auditors, advising on the appointment of external auditors, overseeing the relationship with the Group’s external auditors, reviewing the effectiveness of the external audit process, and reviewing the effectiveness of the Group’s internal control review function.

The ultimate responsibility for reviewing and approving the annual report and accounts remains with the Board. The Audit Committee will give due consideration to the applicable laws and regulations of the UAE, SCA and DFM.

The Audit Committee charter requires that the Audit Committee must comprise at least three members who are Non-Executive Directors of whom at least two of its members must be independent. In addition, at least one member is required to have practical audit and accounting experience. The Audit Committee will be chaired by one of the independent members and will include other members elected by the Board members from time to time.

The Audit Committee will meet not less than four times per year. The Audit Committee will take appropriate steps to ensure that the Group’s external auditors are independent of the Group as required by applicable law. The Group has obtained written confirmation from its auditors that they comply with guidelines on independence issued by the relevant accountancy and auditing bodies.

Audit Committee Members

FUAD AL ANSARI
Non-Executive Director

Fuad Ali Abualhassan Al Ansari serves as the Vice Chairman of the Company. He joined the Group in 1995, and led the organization’s..

FUAD AL ANSARI
Non-Executive Director

Fuad Ali Abualhassan Al Ansari serves as the Vice Chairman of the Company. He joined the Group in 1995, and led the organization’s digitalization efforts through overseeing the development of automated systems to process the volume of transactions. Prior to joining the Group, he had a decade-long tenure in Abu Dhabi Company for Onshore Oil Operations – “ADCO”. Fuad Ali Abualhassan Al Ansari earned his bachelor’s degree in Mechanical Engineering from the University of Pittsburgh, U.S.A.

NITIN KHANNA
Chairperson and independent Non-Executive Director

Nitin Khanna serves as an independent non-executive member of the Board of Directors of the Company. He has over 40 years of experience in the Middle East region..

NITIN KHANNA
Chairperson and independent Non-Executive Director

Nitin Khanna serves as an independent non-executive member of the Board of Directors of the Company. He has over 40 years of experience in the Middle East region, mainly with PricewaterhouseCoopers (“PwC”). Whilst with PwC, he held several senior positions including serving on the Middle East leadership and Deals leadership teams, heading Transaction Services and the Corporate Finance practices of the firm in the region.. He currently serves as a member of the executive committee of Bin Dawood Holdings Ltd (“BDH”), a company listed on the Saudi Tadawul Exchange. Until May 2022, he was an independent non-executive director of BDH. He continues to act as a Director of Future Tech Retail, a wholly owned subsidiary of BDH engaged in making technology related investments. He is an advisor to several subsidiaries of Transmed Holdings and is a senior partner of Nucleus Consulting FZC. Previously, he served as an advisory board member of Emirates Hospital Group and as an adviser to the Chairman of PNCI LLC, a private company engaged in the real estate sector. He pursued a bachelor’s degree in Economics from Delhi University, India and is a chartered accountant from the Institute of Chartered Accountants of India.

MARCELLO BARICORDI
Independent Non-Executive Director

Marcello serves as an independent non-executive member of the Board of Directors of the Company. Marcello is a Senior Executive..

MARCELLO BARICORDI
Independent Non-Executive Director

Marcello serves as an independent non-executive member of the Board of Directors of the Company. Marcello is a Senior Executive with 25+ years of experience in accelerating growth especially for Multinationals across Emerging Markets and Payments. Marcello brings the experience of Senior Roles at Network International (Group President Processing), Visa International (General Manager MENA) and First Data (Managing Director Italy, currently FISERV). Marcello is currently helping Companies to accelerate growth in the region as Board Member for Strands LLC (Barcelona) and Enza Group (Abu Dhabi) and as Senior Advisor for Kearney. Marcello holds a Laurea in Business Administration from the University of Venice Italy and a corporate governance diploma and ESG certificate from the Corporate Governance Institute.