Board of Directors

Composition:

• H.H. Sheikh Ammar Bin Humaid Bin Rashid Al Nuaimi, Chairman
• H.H. Sheikh Rashid Bin Humaid Bin Rashid Al Nuaimi, Vice Chairman
• Mr. Abdullah Mohammed Hassan Al Hosani, Board Member
• Mr. Ali Rashid Humaid Al Mazroei, Board Member
• Mr. Faisal Hassan Ibrahim Galadari, Board Member
• Mr. Mahmood Khaleel Ahmed Al Hashimi, Board Member
• Ms. Sarah Ahmed Abdulrahman Aljarman, Board Member

Mandate:

• The Board is responsible for approving the overall strategic direction and policy work for Ajman Bank.
• Sets standards of conduct, compliance, and ethical practices.
• Establishes policy direction and objectives of the Bank.
• Supervises management and affairs of the Bank.
• Ensures risks are identified, assessed, and managed effectively.
• Reviews operational risk strategies and business continuity plans.
• Assumes responsibility for appointment and evaluation of the CEO.
• Provides leadership in maintaining corporate ethics and integrity.

Board Credit & Strategy Committee (BCSC)

Composition:

• H.H. Sheikh Rashid Bin Humaid Bin Rashid Al Nuaimi, Chairman
• Mr. Abdullah Mohammed Hassan Al Hosani, Member
• Mr. Faisal Hassan Ibrahim Galadari, Member

Mandate:

• Assists the Board in carrying out delegated responsibilities.
• Develops and implements Bank strategy and objectives.
• Oversees governance work implementation.
• Approves financing and credit proposals.
• Monitors major Bank projects and expansions.
• Reviews policies and strategic initiatives.

Board Nomination & Compensation Committee (BNCC)

Composition:

• H.H. Sheikh Rashid Bin Humaid Bin Rashid Al Nuaimi, Chairman
• Mr. Faisal Hassan Ibrahim Galadari, Member
• Mr. Ali Rashid Humaid Al Mazroei, Member

Mandate:

• Oversees Board nomination and selection procedures.
• Ensures proper skills and expertise within the Board.
• Reviews compensation and remuneration policies.
• Evaluates CEO and Board performance.
• Supervises HR functions and succession planning.

Board Audit Committee (BAC)

Composition:

• Mr. Faisal Hassan Ibrahim Galadari, Chairman
• Mr. Mahmood Khaleel Ahmed Al Hashimi, Member
• Mr. Ali Rashid Humaid Al Mazroei, Member

Mandate:

• Oversees Internal and External Audit functions.
• Reviews audit scope, plans, and reports.
• Ensures effectiveness of Internal Audit function.
• Reviews financial statements and reporting quality.
• Monitors Internal Control systems and related risks.

Board Risk Committee (BRC)

Composition:

• Mr. Abdullah Mohammed Hassan Al Hosani, Chairman
• Mr. Mahmood Khaleel Ahmed Al Hashimi, Member
• Ms. Sarah Ahmed Abdulrahman Aljarman, Member

Mandate:

• Oversees the Bank’s Risk Management work.
• Ensures risk governance and strategic direction.
• Monitors Risk Management independence.
• Promotes risk culture across the Bank.
• Provides recommendations on risk management practices.

Board Compliance Committee (BCC)

Composition:

• Mr. Mahmood Khaleel Ahmed Al Hashimi, Chairman
• Mr. Abdullah Mohammed Hassan Al Hosani, Member
• Ms. Sarah Ahmed Abdulrahman Aljarman, Member

Mandate:

• Oversees Compliance and Financial Crime works.
• Monitors adherence to CBUAE regulations.
• Reviews regulatory matters and compliance risks.
• Promotes ethical culture and consumer protection.
• Reviews whistleblowing and conduct-related incidents.

Board Profit Equalisation Reserve Committee (BPERC)

Composition:

• Mr. Ali Rashid Humaid Al Mazroei, Chairman
• Mr. Mahmood Khaleel Ahmed Al Hashimi, Member
• Dr. Jassim Ali Al Shamsi, Member

Mandate:

• Ensures governance and policy oversight for PER and IRR.
• Monitors and reviews PER and IRR utilisation.
• Ensures compliance with Shariah principles.
• Reviews regulatory disclosures and related risks.
• Ensures adherence to internal policies and regulations.