Our Company

"We work continuously on evaluating and distributing its investments in line with its long-term strategy, with the aim of raising the efficiency of the performance of its investment assets in order to achieve better results in order to enhance its financial position."

Mr. Abdulrahman bin Abdulmohsen Balghanim
Chairman
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Brief History

1993

October 1993

Ayyan Company was established as a Saudi joint stock company with a capital of 300 million Saudi riyals.

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2005

December 2005

A free share was paid for every seven shares in exchange for increasing the company’s capital to reach 343 million Saudi riyals.

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2006

June 2006

A free share was paid for every four shares in exchange for increasing the company’s capital to reach 428,750,000 Saudi riyals.

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2008

December 2008

A free share was paid for every seven shares in exchange for increasing the company’s capital to reach 490 million Saudi riyals.

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2020

February 2020

The capital was increased from 490 million riyals to 737.3 million riyals in order to acquire all the shares of Salam Medical Services Company

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Board of Directors

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Mr. Abdulrahman bin Abdulmohsen Balghanim

Chairman

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Eng . Saad bin Amash Al-Shammary

Vice Chairman

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Dr. Adel bin Ahmed Y. Al Saleh

Member

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Mr. Faisal bin Abdullah Al-Qahtani

Member

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Mr. Ahmed bin Abdullah Al-Khayyal

Member

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Eng. Hatem bin Hamad Al-Suhaibani

Member

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Mr. Muath bin Majed Al-Ohali

Member

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Chief Executive Officer

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Mr. Raed bin Mohammed Al-Naeem

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Working Committees Emanating from the Board of Directors

Investment Committee
  • Tasks of Investment Committee and duration of action:
    1 – Holding regular meetings to study the company’s projects and developments in workflow and propose actions to be taken on them and offer to the Board of Directors things that require a decision by the Council thereon.
    2 – Studying new investment opportunities to ensure appropriate set up by the company or entering as a contributor.
    3 – Study plans, strategies and proposals submitted by the Chief Executive to achieve the objectives and development of the company’s business and make recommendations to the Board of Directors.
    4 – Study performance reports received by the Commission from the CEO and takes appropriate decisions and recommendations to improve performance.
    5 – Use the powers vested of Commission under the powers manual approved by the Board of Directors and perform any tasks or functions, which the Governing Council considers mandate.

    Committee members:
    1. Mr. Ahmed Abdullah Al-Khial, Chairman
    2. Dr. Adel Ahmed Y. Al-Saleh, Member
    3. Eng . Saad Ammash Al-Shammari, Member
    4. Mr. Mohammed Abdullah Al-Qatari, Independent Member

Audit Committee
    • Tasks of Audit Committee and duration of action:
      1 – Supervising the internal audit department in the company, in order to verify the effectiveness of the implementation of the business and the tasks set by the Board of Directors.
      2 – Reviewing the internal control system and write a recommendation report on this matter.
      3 – Reviewing of internal audit reports and follow up the implementation of corrective actions to notes contained therein.
      4 – Recommend Chartered Accountants for the Board of Directors and determine their fees, and take into account when recommending appointment to ensure their independence.
      5 – Follow-up of Chartered Accountants, and the adoption of any work outside the scope of audit work assigned to them during their audit work.
      6 – Reviewing audit plan with the accountant and legal giving notes.
      7 – Reviewing notes chartered accountant on the financial statements and follow up on that.
      8 – Study and interim financial statements before submission to the annual Board of Directors and to express an opinion and recommendation in this regard.
      9 – Study of accounting policies and place the opinion and recommendation of the Governing Council in the matter.

      Committee members:
      1. Mr. Muath Majed Al-Ohali, Chairman
      2. Mr. Saleh Al-Gareeb, Independent Member
      3. Mr. Waleed Al-Zeid, Independent Member
      4. Mr. Rashid Abdullah Al-Rashed, Independent Member

Nomination and Remuneration Committee
    • Tasks of Nomination and Remuneration Committee, and duration of action:
      1 – Recommendation to the Board of Directors nominations to the Board and in accordance with the policies and standards adopted taking into account not nominate any person previously convicted of a crime involving moral turpitude and the Secretariat.
      2 – Annual review of the needs of appropriate skills required for membership of the Board of Directors including the identification of the time needed to devote User for the work of the Board of Directors.
      3 – Review of the structure of the Board and make recommendations regarding changes that can be made.
      4 – Identify strengths and weaknesses of the Governing Council and propose solutions with the company’s interest.
      5 – Ensure in annually basis the independence of the members, and make sure of any conflict of interest if the member serves on the Board of Directors of another company.
      6 – Establish clear policies for compensation and remuneration of the Board of Directors and senior executives, and take into account when developing these policies using criteria linked to performance.

      Committee members:

      1. Mr. Hatem Hamad Al-Suhaibani, Chairman
      2. Mr. Faisal Abdullah Al Qahtani, Member
      3. Mr. Abdulrahman AbdulMohsen Balghanim, Member

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