Board of Directors


Sharq Investment has adopted a framework of Corporate Governance guidelines, designed to enable the Company undertake its business in alignment with the interests of its shareholders. It also serves to strengthen the protection of the Company’s shareholders, clients, customers, investors and other stakeholders.

The board of directors' key purpose is to ensure the company's prosperity by collectively directing the company's affairs, whilst meeting the appropriate interests of its shareholders and stakeholders. The chairman of the board is often seen as the spokesperson for the board and the company.

The board are directly accountable to the shareholders and each year the company will hold an annual general meeting (AGM) at which the directors must provide a report to shareholders on the performance of the company, what its future plans and strategies.

It is important that board meetings are held periodically so that directors can discharge their responsibility to control the company's overall situation, strategy and policy, and to monitor the exercise of any delegated authority, and so that individual directors can report on their particular areas of responsibility.

Board of Directors main function:



Directors must act in good faith in what they honestly believe to be the best interests of the company, and not for any collateral purpose. This means that, particularly in the event of a conflict of interest between the company's interests and their own, the directors must always favor the company. Directors must act with due skill and care.
Directors must consider the interests of employees of the company.
Appoint or remove any of the members of the executive management including the Chief Executive Officer and equivalents.
Ensure that the organizational structure of the company is characterized by transparency and clarity, allowing decision-making process and to achieve the principles of good governance, separation of powers and authorities in between each of the Board of Directors and Executive Management.
Ensuring that the Corporate Governance does not conflict with CMA regulations in fact they are in tandem with the regulations set by the said authority.

Board of Directors Structure:


The Board of Directors is composed of five members; all of whom are non-executives:
Mr.Fadel Sarraf (Chairman)
Ms. Amal Al Hemeli (Independent)
Mr. Yaser Abul Hasan (Independent)
Mr.Ahmed Azmi (Board Member)
Mr.Khaldoun Al Adawi (Board Member)

more content

FINANCIAL HIGHLIGHTS

  • ANNUAL REPORTS