Corporate Governance

The Board of Directors consists of Shareholder Representatives and independent non-executive Directors. The Board's role is to set the overall strategic direction, approve business plans and monitor the overall performance of the business against the approved plans and within a framework of sound corporate governance.


  • Dr. Juma Bin Ali Al Juma

    Chairman

    Holder of a PhD in Political Sciences, a master’s degree in Political Sciences and bachelor’s degree in Economics and Political Sciences, Dr. Juma is currently Chairman of the Board of Directors at Al Maha Petroleum Products Marketing Company and Chairman of the Board of Trustees of Muscat University. From 2001 to 2008, he was Minister of Manpower and more recently from 2010 to 2015, Dr. Juma was Chairman of Board of Directors at Oman Airports Management Company. His previous directorships include Chief of Founding Committee at Muscat University; Chairman of Oman International Bank; Senior Independent Director as well as Independent Non-Executive Director of HSBC Bank, Oman.

  • Sheikh Nasser Bin Ali Bin Saud Al Thani

    Deputy Chairman

    Sheikh Nasser has vast experience within the Insurance and Banking sectors and sits on the Boards of several regional organizations. Previously, he was the Chairman and Managing Director of Qatar General Insurance and Reinsurance Company; Chairman and Managing Director of General Takaful Company; and Deputy Chairman at Ahli Bank, Qatar.

  • Kamal Tabaja

    Member

    Mr. Kamal Tabaja is the Group Chief Operating Officer at Trust Re since 2014 and CEO of Trust Insurance Management (TIM), Bahrain since 2016. Mr. Tabaja is a graduate in Systems and Computer Engineering from Carleton University in Canada and a fellow of the UK-based Chartered Insurance Institute (FCII). He commenced his Reinsurance career with Trust Re in 2002 in the Treaty Department. He moved several positions within the company in the Property and Engineering sections and thereafter led the Energy section. In 2013, Mr. Tabaja was promoted as Group Chief Underwriter to be followed in 2014 to his current position as Group COO, whereby he leads the operations and underwriting teams.

  • Sanjeev Badyal

    Member

    Mr. Sanjeev Badyal is the Assistant CEO at Qatar General Insurance and Reinsurance Company since October 2020. With more than 38 years of insurance industry experience, Mr. Badyal commenced his career with the Oriental Insurance Company, India in 1983. He has previously worked as Underwriting Manager at Abu Dhabi National Insurance Company; various senior positions at Allianz Group leading up to CEO at Allianz Risk Transfer AG, Dubai; and CEO at MENA Re Underwriters Ltd., DIFC, Dubai prior to assuming his current role.

  • Sayyid Mohamed Bin Said Al Busaid

    Member

    Sayyid Mohamed Bin Said Al Busaid is the Chief Executive Officer at Al Ekhlas International LLC, Muscat since 2016. With broad experience within the corporate governance and legal affairs, Sayyid Mohamed earlier was an Associate at Al Busaidi Mansoor Jamal – Barristers and Legal Consultants. He holds a Bachelor of Business degree with management concentration and a Master of Laws degree in International Commercial Law.

  • Gamal Mohamed Abdulla

    Member

    Mr. Gamal Mohammed Abdulla graduated from College of Commerce at Alexandria University in 1977. His core competency lies in the area of taxation with rich experience at Egyptian Tax Authority and the Secretariat General of Taxation, Sultanate of Oman until his employment with Omar Zawawi Establishment, Muscat as Tax Advisor since 2000.

  • Pramod Kumar Hiran

    Member

    Mr. Pramod Kumar Hiran is a qualified Chartered Accountant and Cost Accountant from India and is currently associated with OMZEST Group, Muscat. In his professional experience spanning more than 20 years, he has worked with Merchant Bankers, Manufacturing Organizations and a leading Telecom Operator in India. Mr. Hiran also sits on the Boards of various SAOG and SAOC Companies in Oman.


The Audit Committee assists the Board in fulfilling its oversight responsibilities for financial reporting, internal control processes and the risk-based internal audit cycles.


  • Gamal Mohamed Abdulla

    Chairman

    Kamal Tabaja

    Member

    Sayyid Mohamed Al Busaid

    Member

The purpose of the Risk Committee is to assist the Board in fulfilling its corporate governance oversight responsibilities with regard to the identification, evaluation, and mitigation of strategic, operational and external environment risks. The committee has an overall responsibility for monitoring and approving the risk management framework of the company.


  • Kamal Tabaja

    Chairman

    Sanjeev Badyal

    Member

    Pramod Kumar Hiran

    Member

The Committee's primary functions are to: assess required and necessary competencies of Board members, review Board succession plans, evaluate the Board's performance and make recommendations to the Board on executive remuneration and incentive policies, remuneration packages of senior management, recruitment, retention and termination policies for senior management, incentive schemes, pension arrangements and the remuneration framework for the directors. Lastly, the Committee monitors the overall organizational structure and ensures that executive succession planning is in place.


  • Sheikh Nasser Al Thani

    Chairman

    Dr. Juma Bin Ali Al Juma

    Member

    Sayyid Mohamed Al Busaid

    Member