Morabaha Marina Financing Company announces the appointment of the Audit Committee members for the new Board term, which commenced on 27/06/2025 and will continue for three years until 26/06/2028, as follows:
1. Eng. Nasser bin Mohammed Al-Qasabi (Independent Member).
2. Mr. Riyadh bin Mohammed Al-Yousef (Independent Member – Outside the Board).
3. Mr. Mamdouh bin Suleiman Al-Majed (Independent Member – Outside the Board).
4. Mr. Salah bin Mohammed Barbaa (Independent Member – Outside the Board).
Element List
Explanation
Appointed Member Name
Nasser Mohammed Al-Qasabi
Membership Start Date
2025-06-27 Corresponding to 1447-01-02
Brief Resume of the Appointed Member
Eng. Nasser Mohammed Al-Qasabi has over 20 years of professional experience in the finance sector, holding several leadership positions in both governmental and private entities. He holds a Bachelor’s degree in Industrial Engineering from King Abdulaziz University and an MBA from the University of Glasgow, United Kingdom.
The date of the approval by other official authorities
No objection from SAMA dated 24/09/2025 AD
Element List
Explanation
Appointed Member Name
Riyadh Mohammed Al-Yousef
Membership Start Date
2025-06-27 Corresponding to 1447-01-02
Brief Resume of the Appointed Member
Mr. Riyadh Mohammed Al-Yousef has more than 20 years of professional experience in the banking sector. He holds an MBA from the University of Surrey, United Kingdom, and a Bachelor’s degree in Quantitative Methods from King Saud University.
The date of the approval by other official authorities
No objection from SAMA dated 24/09/2025 AD
Element List
Explanation
Appointed Member Name
Mamdouh bin Suleiman Al-Majed
Membership Start Date
2025-06-27 Corresponding to 1447-01-02
Brief Resume of the Appointed Member
Mr. Mamdouh bin Suleiman Al-Majed has more than 29 years of professional experience in accounting, auditing, financial and tax advisory. He is a licensed Certified Public Accountant and holds a Bachelor’s degree in Accounting from King Saud University.
The date of the approval by other official authorities
No objection from SAMA dated 24/09/2025 AD
Element List
Explanation
Appointed Member Name
Salah bin Mohammed Barbaa
Membership Start Date
2025-06-27 Corresponding to 1447-01-02
Brief Resume of the Appointed Member
Mr. Salah bin Mohammed Barbaa has over 25 years of professional experience in banking and auditing. He holds a Bachelor’s degree in Accounting from King Abdulaziz University, is a Fellow of the Saudi Organization for Certified Public Accountants (SOCPA) since 2004, and holds a Diploma in International Financial Reporting Standards (IFRS) from the United Kingdom.
The date of the approval by other official authorities
No objection from SAMA dated 24/09/2025 AD
Element List
Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed
2025-07-07 Corresponding to 1447-01-12
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