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Audit Committee

Ensuring Financial Integrity

Our Audit Committee is a key sub-committee of SNB Capital’s Board of Directors, responsible for overseeing financial integrity, internal controls, and external audit processes. It plays a crucial role in ensuring compliance, risk management, and the reliability of financial reporting.
Financial Oversight and Reporting
The Audit Committee ensures the accuracy and integrity of SNB Capital’s financial reporting by reviewing annual and interim financial statements, including disclosures, before their release. It ensures that financial data is complete, consistent, and aligned with regulatory standards, maintaining transparency and reinforcing confidence among stakeholders.

Internal Controls and Compliance

The Committee evaluates and approves internal control systems, covering financial reporting, cybersecurity, and risk management. It assesses internal audit and compliance functions, reviews Anti-Money Laundering (AML) reports, and ensures that necessary controls are in place to uphold regulatory requirements, protecting SNB Capital’s operational integrity and governance.

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Keeping SNB Capital Accountable 

Through its oversight responsibilities, the Audit Committee plays a pivotal role in safeguarding SNB Capital’s financial integrity, reinforcing corporate governance, and enhancing stakeholder confidence. By ensuring transparency in financial reporting, maintaining robust internal controls, and supervising external audits, the committee upholds the highest standards of accountability.
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SNB Capital is a Saudi Joint Stock Company with a paid up capital of SR1,000 million and is authorised by the Capital Market Authority of the Kingdom of Saudi Arabia with a license number 37-06046 granted by Capital Market Authority to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities. SNB Capital Company, CR1010231474, the registered office is at King Saud Road, Regional Building P.O. Box 22216, 11495 Riyadh, Kingdom of Saudi Arabia. +966 11 874 7106

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