Formation of Board of Directors
Composition of the Board of Directors
The Board of Directors is responsible for the overall management of the Company. The Company Articles of Association sets out the way and method of election and composition of Board and the number of its members, as well as their term of office in compliance with governance requirements and applicable Commercial Companies Law. Board members are elected and appointed by the shareholders during the General Assembly meeting (GAM); this is either after completing their membership period stipulated by law or as a result of any other cases stipulated by law. The Board is also vested with authorities to attain the Company’s goals and objectives in accordance with the Company’s Articles of Association.
The composition/qualification and profile of board members:
Chairman of the Board
His Highness graduated from the United Arab Emirates University in 2004 with a bachelor’s degree in Architectural Engineering. He entered the field of commerce and business administration upon graduation from university and manages his father’s businesses and properties.
He currently holds several positions, including:
- Vice Chairman of Abu Dhabi Insurance Company
- Chairman of City Land Group
- Chairman of Tamakkan Real Estate
- Chairman of the Board of Trustees of Al Ain University
Vice Chairman
Member of the Audit Committee
Mr. Mohamed Amiri is a UAE National with expertise in Business Development, strategic planning, and driving change. Proven track record in innovation, exceptional performance, and forging strategic partnerships. Mr. Amiri has more than 30 years of experience, working with Ajman Bank, HSBC, Dubai Islamic Bank and Dubai Bank.
Mr. Amiri holds a bachelor’s degree in Management Information Systems and a Graduate from the first batch of the Mohmmad Bin Rashed Program for Leadership Development (MBRPLD).
BOARD MEMBER
CHAIRMAN OF THE AUDIT COMMITTEE
CHAIRMAN OF THE INSIDERS’ TRADING FOLLOW-UP AND SUPERVISION COMMITTEE
MEMBER OF THE NOMINATION & REMUNERATION COMMITTEE, CEO OF H.H. SHEIKH TAHNOON BIN MOHAMMED AL NAHYAN’S OFFICE
Dr. Al Afifi is an entrepreneur and driven Chief Executive, with more than ten (10) years of progressive management experience. He has extensive experience with highly management systems, which require deep understanding of critical business drivers in multiple markets and industries; highly successful in building relationships with upper‑level decision‑makers, seizing control of critical problem areas, and delivering on customer commitments. As GM/CEO of H.H Sheikh Tahnoon Bin Mohammed Al Nahyan’s Office, Dr. Al‑Afifi achieved year ‑after‑year revenue and business growth objectives within a rapid‑change environment with high professionalism in strategic and implementation planning and guiding and directing the organisation through substantial change management utilising strong and effective strategic leadership. To become a recognised example with proven strong ability to solve complex company problems using excellent judgement and decision‑making skills.
Dr. Al Afifi is presently working as the CEO of TMKN Group – Abu Dhabi. Under Private Office of H.H. Sheikh Tahnoon Bin Mohammad Al Nahyan, he is working to manage and direct all business units of TMKN group of companies; Champions the introduction of quality, cost reduction and continuous best practices to drive market growth; and he has full responsibility for approving business plan and growth strategy, defining offerings and delivery models, establishing partnerships, and building operating infrastructure; develops vision, mission and goals, identify profitability and revenue opportunities, define critical goals and success factors, establish clear objectives and practical action plans, foster innovation and risk‑taking, build teams, and establish relationships with vendors and partners. Manages a team of different business units, product managers, business development specialists, and operations/logistics personnel.
Dr. Al Afifi has been appointed to the privet office of H.H. Sheikh Tahnoon Bin Mohammed Al Nahyan. He has been an Architectural Engineer and project manager for years. He has been able to manage strategic plans and develop work plans efficiently and professionally. He completed his MBA from UAE University (Al Ain) and his PhD in Project Management from the British University in Dubai. He is also a Member of the Board of Trustees of Al Ain University.
Board Member
Chairman of the Nomination & Remuneration Committee
Dr. Khalifa Saif Al Mehairbi is a young and ambitious Emirati citizen, whose personality combines the spirit of adventurous youth and the experience of experienced traders and investors. Khalifa is The Chairman of Arabian Gulf Investment Group and its subsidiaries, one of the fastest growing companies in the Gulf and North Africa region.
Dr. Al Mehairbi has achieved great success in concluding massive and successful deals that have effectively contributed to supporting the national economy, developing the Company’s business, and expanding in all investment fields.
Current positions held by Mr. Al Mehairbi:
- Member of the Executive Committee of the UAE International Investors Council
- Founder and Chairman of The Luxury Villa Real Estate Management Company
- Chairman of the Board of Directors of MKI International Real Estate Investment Company
- Chairman of the Board of Directors of Gulf Expo Construction & Trading Company
- Chairman of the Board of Directors of Kingson Amai Real Estate Investment Company
His Awards and Achievements
- Honorary Doctorate in International Economics from London University
- Middle East Real Estate Man from the International Investment Forum 2021
- Shield of the most leading real estate institution in regional companies
- Arab Real Estate Man of the Year 2021
- Real Estate Man in the Middle East and North Africa from the Emirates Investments Magazine for the year 2022
Board Member
Member of the Audit Committee
Mr. Mazen Jaber Hamdan Aldahmani has been the Executive Director of Financial and Administrative Affairs at the Department of Community Development (“DCD”) since November 2020, during which time he has demonstrated his abilities as a talented and respected leader. He is also a member of more than 10 committees within DCD and Abu Dhabi government. Prior to that, he held various positions in Mubadala, and Imperial College London Diabetes Centre including Deputy CEO and Acting CEO.
During his time as Deputy Chief Executive Officer, Aldahmani took on the overall leadership of the organisation with over 600 employees; expanded the organisation through the successful opening of a third branch; significantly surpassed financial and quality targets; and guided the organisation to achieving the highest patient volumes since the establishment of the ICLDC.
Aldahmani also worked at the Mubadala Investment Company from 2006 to 2014, progressing from a Project Officer – Aerospace, Healthcare and Technology Unit to Senior Associate – Mubadala Healthcare Unit in that time frame.
Aldahmani is a graduate of London Business School, where he attained his Executive MBA. He holds a bachelor’s of Information Technology from the UAE University.
Board Member
Member of the Nomination & Remuneration Committee
Muhrah Al Ali is currently an Executive Office Manager at Ethmar International Holding (EIH), with specialisation background in the design engineering field with previous experience in the management of both local and international events.
Board Member
Saif Al Rashidi is the COO of Capital Protocol (Part of ADNEC Group). His strong academic background, leadership skills, experience, and insights into local and international business have enabled him to significantly contribute to ADNEC’s development into one of Abu Dhabi’s most dynamic organisations. During his tenure as Protocol Director, the Company has hosted Abu Dhabi’s largest ever congress and events, and he has played an integral role in defining ADNEC’s revised patronage strategy and protocol vision.
He currently holds several positions, including:
- Board member of the UAE Wrestling Federation.
- Board member of the Disciplinary Appeal Committee of the UAE Football Association.
Al Rashdi holds an MBA Degree from NYIT Abu Dhabi and a bachelor’s degree from California State University – San Bernardino, USA. He has also graduated with two degrees at the National Defence College in Abu Dhabi: the NDC completed certificate and a second master’s certificate.
Board Member
Member of the Nomination & Remuneration Committee
Eng. Abdulla Atatreh is highly experienced businessman who started his career in 2000 upon the real estate boom in Dubai. His first ventures were in real estate, but he started engaging in diverse sectors in 2011 including insurance, contracting, shipping and other sectors. Eng. Atatreh has a bachelor’s degree in civil engineering from United Arab Emirates University and a master’s degree in management from Al Ain University of Science and Technology.
Eng. Atatreh is a Board Member in Drake & Scull International PJSC, a Board Member in Dar Al Marefah Commercial Investment, and a Board Member in Anan Investment Holding (Private Join‑Stock Company). He is also an active member of the Board of Trustees at Al Ain University of Science & Technology (AAU).
Board Member/Managing Director
Chairman of the Audit Committee
Ahmad Kilani is a well‑versed finance professional with an overall experience of more than 20 years in finance, investment banking and corporate finance, in regional and local firms. The experience of Ahmad Kilani is diversified among sectors of energy, real estate, trading, manufacturing, construction, education and tourism. Throughout his career, Ahmad Kilani managed several transactions including IPOs, mergers and acquisitions, private placements, restructuring and equity valuations.
He currently holds several positions, including:
- Board Member of Drake & Scull International PJSC.
- Member of the Board of Trustees of Al Ain University
- Board Member of Black Marlin Ship Management and Operations
Board Member
Member of the Nomination & Remuneration Committee
Dr. Alongary holds a bachelor’s degree from the United States of America in 1996 and in 2001 he obtained a doctorate degree in business administration.
He currently serves as a Vice‑Chairman of Anan Investment Holding (Private Join‑Stock Company), a board member and partner in a group of Saudi companies such as Bunyan Holding Company in Riyadh, BITS – Digital Solutions Company, Industrial Construction Technology Company in Riyadh, and Advanced Solutions for Special Needs based in the United States of America. Dr. Alongary has practical experience in many commercial and real estate sectors and has contributed to establishing many commercial companies and has extensive experience in many sectors.
Board Member
Member of the Audit Committee
Mr. Omar Alromaithia graduated from the University of Tampa in the US, with a bachelor’s in Management Information Systems. Mr. Alromaithi has more than 20 years of experience in Management Information Systems and managing technical projects and worked for several years as a Senior Protocol Officer at Diwan Sheikh Sultan Bin Zayed Al Nahyan. Mr. Alromaithi currently serves as the Head of Marketing in Abu Dhabi Sport Council. He also serves as a Board member in Takaful Emarat PSC.
Board Member
Member of the Nomination and Remuneration Committee
Ms. Manwa Al Brich graduated from the American University in Dubai before studying post‑graduate Art and Archaeological Studies at the University of Sorbonne, Paris. She completed her education at the House of Sotheby’s in London, gaining deep experience in international trade.
Percentage of female representation in the Board for 2023
Not applicable as female participation at Amanat’s Board is 14%.
Statement regarding:
Directors’ remuneration for the year 2022
The Board of Directors received 1,400,000 dirhams for their efforts during the year 2022.
Proposed BoD remuneration for 2023 which will be presented in the General Assembly Meeting for approval
- To be discussed in the General Assembly scheduled to be held in April 2024.
- A monthly/annual bonus is allocated to the person who occupies the position of Managing Director in the Company, in return for his/her efforts in managing the Company.
Allowances for attending board committee meetings, during the year 2023
- The Board of Directors did not receive any attendance fee/allowance for the Board and Committee meetings in 2023.
Details of the additional allowances, salaries or fees received by a Board member other than the allowances for attending the committees and their reasons
- An amount of 1,050,000 dirhams has been determined as additional allowance, for the Board of Directors for their additional efforts exerted in improving the Company’s position, after reviewing the financial needs of the Company and submitting the matter to the Board of Directors for approval, then submitting it to the next General Assembly for ratification and approval.