VP Assigned from the holding office
Board of Directors
Company stage Oversight
Emerging stage VP Assigned from the holding office
Intermediate stage Executive committees
Mature stage Board of Directors
The holding company has a board chaired by Mr. Khalid Ali Alturki. The board has also established certain committees such as the Audit Committee, and Remuneration & Nomination Committee.
The Remuneration and Nomination committee is established to ensure that reward policies support our performance culture, reflect business affordability and market needs and encourage employee accountability.
The Audit Committee performs oversight of the financial reporting process, the audit process, the system of internal controls and compliance with applicable laws and regulations.
Its responsibilities are:
The Committee is a board committee appointed and chaired by the President who defines its role and responsibilities, tenure and authority. Committee members elected by the Chairman of the Committee.
Making our sustainability efforts and communications frequent and clear helps us inspire our employees at all our subsidiaries and embed sustainability into Alturki’s culture. Sustainability at Alturki is primarily led by our Sustainability Committee which overlooks our sustainability strategy and integration roadmap and guides our management and operations to ingrain sustainability throughout our business. The Sustainability Committee safeguards our company’s future by anticipating and mitigating all non-financial risks to ensure that our operational growth is sustained for our employees, community and country for generations to come.
Moreover, the Sustainability Committee at Alturki is devoted not only to integrate and drive sustainability in our current businesses, but also to ensure that all our future investments are economically, socially and environmentally sustainable. The committee strives to allow Alturki pave the way in sustainability in the Kingdom, and ensure that we set an example in our society where we allow people and corporations to follow our path to alleviate economic, social and environmental positive sustainable impact in our country and the rest of the world.
At Alturki, we view digital transformation as a massive business opportunity, not a threat. For Alturki, digital transformation is not about adopting digital technologies per se: it is about transforming and adapting our businesses to the “new normal” created by the co-evolution of digital technology, society and organisations. We see great scope to leverage our significant industrial and service footprint in the Kingdom to develop and deliver more sustainable services and products. Some of our subsidiaries have already started redefining their value proposition to seize these opportunities.
At the operational level, digital technologies have already allowed us to improve how we market our products, how we run our operations, the way we work, and how we relate to all our stakeholders.
The secret of our success is having a clear long term vision about the Holding’s digital transformation and then starting any transformation projects with solid business cases. Our leadership is fully committed to deliver on our digital transformation vision and the Alturki’s culture and organisation is constantly evolving to become more agile, more open to experimentation, and more sustainable.
Of course, technology is at the core of all our transformations.