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Board Committees

The Board has established four committees in order to focus on key initiatives or controls of FAB and to assist in the efficiency and effectiveness of the Board.

Each committee charter is approved by the Board and outlines authority, responsibilities, meeting frequency and practices, reporting and self-evaluation. The committees are required to meet as frequently as deemed necessary to fulfill their objectives and to allow sufficient time for discussions, presentations, deliberations, and decisions for recommendations to be clearly formulated.

Chairman

H.E. Sheikh Mohamed Bin Saif Bin Mohamed Al Nahyan

Members

H.E. Mohammed Saif Al Suwaidi

H.E. Jassim Mohammed Al Seddiqi

H.E. Waleed Al Mokarrab Al Muhairi

Group Chief Executive Officer

Overview and Scope

The Board Management Committee approves and oversees execution of the FAB Group’s business plan per the strategy approved by the Board and oversees and reviews material aspects of the business of the FAB Group. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.E. Dr. Sultan Al Jaber

Members

H.E. Jassim Mohammed Buatabh Al Zaabi

H.E. Sheikh Ahmed Mohd Sultan S. Al Dhaheri

H.E. André Sayegh

Group Chief Executive Officer (Non-Voting Member)

Group Chief Risk Officer (Permanent Attendee)

Overview and Scope

The Board Risk and ESG Committee provides oversight and advice to the Group Board in relation to current and potential future risk. It also considers and helps direct future risk and ESG strategies, including determination of risk appetite and tolerance as well as promote a risk and ESG awareness culture among the Group. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.E Mohamed Saif Al Suwaidi

Members

H.E. Mohammed Thani Murshid Al Rumaithi

H.E. Sheikh Ahmed Mohd Sultan Al Dhahiri

H.E Musabbeh Helal Musabbeh Al Kaabi

H.E. André Sayegh

Group Chief Executive Officer (Non-Voting Member)

Group Chief Audit Officer (Permanent Attendee)

Overview and Scope

The Board Audit Committee ensures quality and integrity of financial statements and financial reporting. Effectiveness of the internal control, risk management, and governance systems. Effectiveness and independence of the compliance function. Effectiveness and independence of the Group Internal Audit function. Effectiveness of Islamic Financial Institution’s (IFI) governance systems and policies. Compliance with applicable laws and regulations. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.H. Shk Tahnoon Bin Zayed Al Nahyan

Members

H.E. Mohammed Bin Saif Bin Mohamed Al Nahyan

H.E Musabbeh Helal Musabbeh Al Kaabi

Group Chief Executive Officer

Group Chief Human Resources Officer (Permanent Attendee)

Overview and Scope

The Board Remuneration and Nomination Committee recommends and oversees the appointment and termination of Group Board Directors and succession planning for the Group Executive Committee members. This includes an assessment of the skills, knowledge and expertise needed to ensure they are positioned to discharge their responsibilities in the interests of the shareholders and FAB Group. The Committee also reviews and recommends to the Board FAB’s reward policy framework, approves and oversees reward design and ensures it is appropriate and consistent with the FAB Group’s culture, values, business performance and risk strategy. The Committee meets at least twice a year or more frequently as deemed necessary.

Chairman

H.E. Sheikh Mohamed Bin Saif Bin Mohamed Al Nahyan

Members

H.E. Mohammed Saif Al Suwaidi

H.E. Jassim Mohammed Al Seddiqi

H.E. Waleed Al Mokarrab Al Muhairi

Group Chief Executive Officer

Overview and Scope

The Board Management Committee approves and oversees execution of the FAB Group’s business plan per the strategy approved by the Board and oversees and reviews material aspects of the business of the FAB Group. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.E. Dr. Sultan Al Jaber

Members

H.E. Jassim Mohammed Buatabh Al Zaabi

H.E. Sheikh Ahmed Mohd Sultan S. Al Dhaheri

H.E. André Sayegh

Group Chief Executive Officer (Non-Voting Member)

Group Chief Risk Officer (Permanent Attendee)

Overview and Scope

The Board Risk and ESG Committee provides oversight and advice to the Group Board in relation to current and potential future risk. It also considers and helps direct future risk and ESG strategies, including determination of risk appetite and tolerance as well as promote a risk and ESG awareness culture among the Group. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.E Mohamed Saif Al Suwaidi

Members

H.E. Mohammed Thani Murshid Al Rumaithi

H.E. Sheikh Ahmed Mohd Sultan Al Dhahiri

H.E Musabbeh Helal Musabbeh Al Kaabi

H.E. André Sayegh

Group Chief Executive Officer (Non-Voting Member)

Group Chief Audit Officer (Permanent Attendee)

Overview and Scope

The Board Audit Committee ensures quality and integrity of financial statements and financial reporting. Effectiveness of the internal control, risk management, and governance systems. Effectiveness and independence of the compliance function. Effectiveness and independence of the Group Internal Audit function. Effectiveness of Islamic Financial Institution’s (IFI) governance systems and policies. Compliance with applicable laws and regulations. The Committee meets quarterly or more frequently as deemed necessary.

Chairman

H.H. Shk Tahnoon Bin Zayed Al Nahyan

Members

H.E. Mohammed Bin Saif Bin Mohamed Al Nahyan

H.E Musabbeh Helal Musabbeh Al Kaabi

Group Chief Executive Officer

Group Chief Human Resources Officer (Permanent Attendee)

Overview and Scope

The Board Remuneration and Nomination Committee recommends and oversees the appointment and termination of Group Board Directors and succession planning for the Group Executive Committee members. This includes an assessment of the skills, knowledge and expertise needed to ensure they are positioned to discharge their responsibilities in the interests of the shareholders and FAB Group. The Committee also reviews and recommends to the Board FAB’s reward policy framework, approves and oversees reward design and ensures it is appropriate and consistent with the FAB Group’s culture, values, business performance and risk strategy. The Committee meets at least twice a year or more frequently as deemed necessary.

Board of Directors

Our Board of Directors have various experience in different fields and serve as a strong foundation for FAB.

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Management Team

Meet our Group Chief Executive Officer and the rest of the Senior Management Team.

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Investor Relations

Key data, information & reports for our shareholders & fixed income investors at FAB.

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Contact Us

UAE

600 52 5500

Lines Open 24/7

International

+971 2 681 1511

Head Office

First Abu Dhabi Bank
Al Qurm – Business Park
P.O. Box 6316
Abu Dhabi, United Arab Emirates
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First Abu Dhabi Bank

First Abu Dhabi Bank P.J.S.C

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