Abdulrahman Al Nassar

 Prepare the internal audit activity charter, and periodically present the charter to the senior management and the Board Audit Committee (BAC) for review and approval.  Develop and periodically review the internal audit risk-based plan by identifying risk areas using a systematic approach by assessing internal and external factors and present it to the BAC for review and approval.  Report significant issues related to the processes for controlling the activities of the company and its affiliates, including potential improvements to those processes, and provide information concerning such issues through resolution.  Periodically report to the BAC and the senior management on the internal audit activity Independence, purpose, authority and responsibility as well as the performance to the internal audit plan, which includes fraud risks, governance issues, and other matters needed or requested by senior management and the board.  Review internal audit reports and supporting documents prior distributing the draft report to stakeholders.  Educate the board and senior management on best practices in governance, controls, risk management and compliance that might add value to the organization.  Perform a follow-up review for action plans and management response.  Review and appraise the reliability, adequacy and submission of accounting, financial and operational controls.  Communicate to senior management and the Audit Committee on the internal audit activity’s quality assurance and improvement program, including results of ongoing internal assessments and external assessments conducted at least every three years.  Provide consultancy to the company’s management in developing the company’s overall corporate governance framework.  Responsible in the management of the company’s annual Internal Control Report (ICR) project that is mandated by the Capital Market Authority (CMA).