Remuneration and incurred expenses of the Board during 2022
The members of the current Board of Directors are paid an annual remuneration of three hundred and fifty thousand Saudi Riyals (SAR 350,000) and an attendance fee of three thousand Saudi Riyals (SAR 3,000) for each meeting. The Board of Directors received a total remuneration, inclusive of fixed and variable remuneration, in their capacity as Directors and members of Board committees (if applicable) of SAR 4,231,750, for the year 2022. In line with the companies law, the aggregate annual remuneration payable to any Director shall not exceed the capped amount of SAR 500,000 per year.
All amounts in SAR
#
Name
Fixed remunerations
Specific amounts
Allowance for Attending Board meetings
Allowance for Attending Committee Meetings
Total
INDEPENDENT DIRECTORS
1
H.E. Mr Ahmed AlhakbaniIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
327,500
30,000
30,000
387,500
2
Mr Esmail AlsallomIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
293,750
30,000
45,000
368,750
3
Dr Madelyn AntoncicIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
339,500
30,000
18,000
387,500
4
Mr Li PingIn line with the applicable regulation, Messrs. AlRowais and Ping have exceeded the 500 KSAR remuneration cap considering their membership in the Board Audit Committee.
350,000
39,000
33,000
422,000
EXECUTIVE DIRECTORS
5
Mr Paddy Padmanathan
350,000
39,000
–
389,000
NON-EXECUTIVE DIRECTORS
6
Mr Mohammad AbunayyanIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
287,750
27,000
54,000
368,750
7
Dr Ibrahim Al-Rajhi
350,000
42,000
–
392,000
8
Mr Fahad AlsaifIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
299,750
27,000
42,000
368,750
9
Mr Omar AlMadhiIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.
284,750
30,000
39,000
353,750
10
Mr Abdullah AlRowaisIn line with the applicable regulation, Messrs. AlRowais and Ping have exceeded the 500 KSAR remuneration cap considering their membership in the Board Audit Committee.
350,000
42,000
33,000
425,000
11
Mr Omar AlmidaniIn line with applicable law and regulation, the aggregated annual remuneration payable to any director shall not exceed the capped amount of 500 KSAR whereby the Board members serves on a Board committee and hence has reached the cap.