About Benaa

Executive Council

Roles and Responsibilities

1. Overseeing the preparation of the Association’s plans, programs, activities, and operations, and supervising their implementation and follow-up.
2. Supervising the execution and follow-up of Board of Directors’ resolutions and all directives issued by the relevant authorities.
3. Reviewing the Association’s balance sheet and final accounts, and preparing a report thereon for submission to the Board of Directors.
4. Proposing the estimated budget and presenting it for discussion before the Board of Directors.
5. Proposing the estimated budget and undertaking its discussion before the Board of Directors.
6. Forming permanent and ad hoc committees within the Association.
7. Preparing financial, administrative, and organizational regulations governing the Association’s internal operations and submitting them to the Board of Directors.
8. Approving fixed financial and incentive rewards for individuals who carry out specific tasks and activities related to the Association’s work.
9. Deciding on applications for membership in the Association.

• Determining the banks in which the Association’s funds are deposited.
• Accepting or rejecting grants, donations, and subsidies offered to the Association.
• Supervising the preparation of the Association’s annual report.

Formation of the Council

• The Council members are appointed from among the Board of Directors.
• The Council was formed for the period from 8 Ramadan 1432H to 8 Sha’ban 1436H (Sixth Board Meeting Minutes).
• The Board resolution approving the formation of this Council is available at:
• http://bit.ly/2rNVBb3

The Board of Directors’ resolution approving the formation of this Council is available at:
http://bit.ly/2rNVBb3

The Council was formed for the period from 6 Ramadan 1436H to 15 Rabi’ Al-Thani 1440H (Eighteenth Board Meeting Minutes).

Meeting minutes link:
http://bit.ly/33OmkBu

(Thirtieth Board Meeting Minutes)

Meeting minutes link:
http://bit.ly/34vXt5T

Second: Endowment Council

Roles and Responsibilities:
Defined in the Endowment Council Plan, available at:
http://bit.ly/2Ydq7aq

Formation of the Endowment Council:
The Council was formed for the period from 6 Rabi’ Al-Thani 1433H to 8 Sha’ban 1436H (Eighth Board Meeting Minutes).

Minutes link:
http://bit.ly/34OqIlm

The Council was formed for the period from 6 Ramadan 1436H to 15 Rabi’ Al-Thani 1440H (Eighteenth Board Meeting Minutes).

Meeting minutes link:
http://bit.ly/33OmkBu

تشكيل المجلس للفترة من 05 جمادي الآخرة 1440هـ الى 18 رجب 1441هـ (محضر المجلس الوقفي الثامن عشر )رابط محضر الاجتماع http://bit.ly/2M9BtY7

Formation of the Internal Audit Committee

• Mr. Khalid bin Mohammed Saad Al-Buwardi – Chairman
• Mr. Abdullah bin Ali Ibrahim Al-Majdouie – Member
• Eng. Turki bin Abdulaziz Al-Qahtani – Member
• Eng. Mohammed bin Khalid Al-Dabal – Member
• Independent Member
• Mr. Abdullah bin Rashid Al-Khaldi – Member

Internal Audit Committee

In line with the Association’s commitment to ensuring that operations are conducted effectively and in alignment with its objectives, the Internal Audit Committee was established by a resolution of the Board of Directors at its Thirty-Fourth Meeting, held on Tuesday, 21 January 2020 (corresponding to 26 Jumada Al-Awwal 1441H) in the meeting hall at the Association’s headquarters.

Committee Guide Link:
https://bit.ly/3js6l7a

Committee Responsibilities

1. Reviewing the Association’s preliminary and annual financial statements prior to their submission to the Board of Directors, and providing opinions and recommendations thereon.
2. Examining any significant or unusual issues included in the financial reports.
3. Verifying accounting estimates related to material matters in the financial reports.
4. Reviewing the Association’s accounting policies and providing recommendations to the Board of Directors.
5. Reviewing and evaluating internal control systems, financial controls, and risk management processes within the Association.
6. Reviewing internal audit reports and following up on the implementation of corrective actions related to their observations.
7. Assessing the effectiveness of the internal auditor.
8. Ensuring the Association’s compliance with applicable laws, regulations, policies, and instructions.
9. Reviewing contracts and proposed transactions between the Association and related parties, and providing relevant feedback.
10. Reviewing findings of supervisory and regulatory authorities and ensuring that necessary actions are taken.
11. Providing a technical opinion, upon the request of the Board of Directors, on whether the Board’s reports and the Association’s financial statements are fair, balanced, and understandable, enabling members of the General Assembly, the Ministry, and the supervisory authority to assess the Association’s financial position, performance, business model, and strategies.
12. Ensuring the existence of an advanced system for securely maintaining or periodically backing up all financial documents in a safe location.
13. Conducting special examinations of specific activities and operations related to the Association’s financial position.
14. Reviewing any legal claims involving the Association.
15. Providing administrative oversight to monitor required administrative procedures within the Association.
16. Following up on financial, ethical, and legal violations, as well as any serious breaches of the Association’s policies or applicable legal provisions identified by internal audit.
17. Reviewing contracts concluded by the Association with suppliers when the contract value exceeds SAR 50,000 (Fifty Thousand Saudi Riyals) to ensure the Committee is duly informed.

Committee Formation – 2021

• Mr. Khalid bin Mohammed Saad Al-Buwardi – Chairman
• Mr. Abdullah bin Ali Ibrahim Al-Majdouie – Member
• Eng. Turki bin Abdulaziz Al-Qahtani – Member
• Eng. Mohammed bin Khalid Al-Dabal – Member
• Independent Member
• Mr. Abdullah bin Rashid Al-Khaldi – Member