Annual Report 2017
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Executive Management Executive Management
business in line with shareholder interests. There are no investments or reserve funds set aside for the benefit of Company’s employees except what is due to them based on official company regulations.Bahri’s five senior executives, including the Chief Financial Officer (CFO), hold no interest, stock rights option, subscription rights or debt holdings in any of Bahri’s subsidiary companies that could cause a conflict of interest. Furthermore, they do not own source
With the mandate of improving the Company’s competitiveness and executing its strategic operational plan, Bahri’s Executive Management is led by the CEO and assisted by his deputies, business unit presidents and subsidiaries. They manage the Company’s business in order to achieve the goals and visions set by shareholders and the Board of Directors. The Executive Management is responsible for the Company’s operational, financial, administrative,
technical, communications and risk management activities. Furthermore, it manages all activities related to Bahri’s business and assists in monitoring and executing important ad-hoc work and tasks by forming executive committees as needed. The Executive Management is committed to responsibly using the powers delegated by the Board and adhering to approved policies. It executes Bahri’s operational and strategic plans with the aim of developing and growing the Company’s
shares based on information from Tadawul as of December 31, 2017, except as outlined in the table below. Statement of Bahri’s Senior Executive’s Equity during 2017 Statement of Bahri’s Senior Executive’s Equity during 2017
A Final Note In conclusion, we, Bahri’s Board of Directors and staff members, must extend our thanks and apprecia- tion to Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Crown Prince Mohammed bin Salman bin Abdulaziz and their government. The Board of Directors is equally grateful to Bahri’s share- holders and customers; we express our deep appreciation for their invaluable trust that empowers the Board to deliver further value and lead the company to future successes. The Board also thanks the ex- ecutive management and all Bahri employees for their efforts in developing and enhancing performance and for their hard work in achieving Bahri’s objectives.
Name
Position
Acting CEO Chief Financial Officer
Ali Al-Harbi
Ahmed Al-Ghaith Anwar Siddiqui
Acting President, Bahri Logistics
President, Bahri Data
Per Pedersen
President, Bahri Ship Management
Majid H. Al-Shenaiber
Senior Vice President, Information Technology
Their total salaries, bonuses and equivalents amounted to SAR 8,718,519 in 2017
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