Board of Directors

Mr. Said Ahmed Baghlaf

Chairman of Board

Mr. Saeed Baghlaf has been the Managing Director of Osoul Modern Finance Company since September of 2016. He is the Chairman of the Board now of the company. Mr. Saeed Baghlaf undertakes the executive tasks entrusted to him by the Board, in coordination with the executive management of the company, he also holds other positions in organizations outside the company.

Professional Experience

Mr. Saeed Baghlaf has more than 26 years of administrative and financial experience in many commercial, industrial, investment, non-profit and endowment activities. He is currently the Chairman of the Board of Directors of Baghlaf Al-Zafer Group, in addition to being the Chairman of the Board of Directors of Baz International Company for Industry Ltd. and Chairman of the Board of Directors of Ardeen Development Company and real estate development, as well as serving as a member of the Board of Trustees for the Baghlaf Al-Zafer Endowment. Mr. Saeed Baghlaf is also a founding member of the King Salman Center for Disability Research and Chairman of the Investment Board of the Zamzam Association for Health Services. Mr. Saeed Baghlaf received many specialized courses in the field of corporate management, optimization, kaizen, and specialized courses in combating money laundering, terrorist financing, and anti-fraud, as well as specialized courses in endowment management.

Current memberships and positions abroad

• Chairman of the Board of Directors of Baghlaf Al-Zafer Group
• Chairman of the Board of Directors of Baz International Company for Industry Ltd.
• Chairman of the Board of Directors of Ardeen Real Estate Development and Development Company
• Member of the Board of Directors of Horizon International Company – Turkey
• Founding member of the King Salman Center for Disability Research
• Chairman of the Board of Directors Investment in Zamzam Association for Health Services
• Member of the Advisory Board of the Islamic Economic Institute at King Abdulaziz University
• Member of the Board of Directors of the Baghlaf Al-Zafer Endowment

Memberships and previous positions

• Supervisor of the Endowments of Ahmed Muhammad Baghlaf
• Chairman of the Board of Directors of Fanateer International Entertainment
• Chairman of the Board of Directors of the International Restaurant Company
• Chairman of the Board of Directors of the Malaysian Baghlaf Al-Zafer Group
• Chairman of the Board of Directors of International Investors Company, United Arab Emirates
• Chairman of the Board of Directors of BP Capital, Kingdom of Bahrain
• Member of the Board of Directors of the Zamzam Association for Voluntary Health Services
• Member of the Board of Directors of Al Burj Real Estate Company Limited in the United Arab Emirates
• Member of the Board of Directors of the Union for Construction and Investment Palestine
• Chairman of the Board of Directors of Nofuz International Marketing Company
• Chairman of the Board of Directors of Al Raeda Real Estate Marketing and Development Company
• Chairman of the Board of Directors of the Khartoum Gum Arabic Manufacturing Company
• Chairman of the Board of Directors, Baghlaf Brothers Investment Group, UAE
• Chairman of the Board of Directors of Kamrat Contracting Company

Mr. Dhaif Allah Abdullah Al-Shamrani

Deputy Chairman of the Board

Mr. Daif Allah Al-Shamrani has held the position of Vice Chairman of the Board of Directors of Osoul Modern Finance Company since December of the year 2020 as an independent member of the Board of Directors. He also holds the position of Chairman of the Audit Committee and a member of the Company’s Nominations and Remunerations Committee; he also holds other positions in organizations outside the company.

Professional Experience

Mr. Dhaifallah Al-Shamrani has more than 25 years of administrative experience, where he began his career in the internal audit department at the National Bank of Saudi Arabia in the year 1995, then moved to work in the Saudi Electricity Company in the year 1999 in the customer accounts department, and then was included in several positions within the company and is currently occupied The position of Director of Customer Affairs Department at the Saudi Electricity Company. Mr. Dhaifallah Al-Shamrani obtained a Bachelor’s degree in Accounting from King Abdulaziz University in Jeddah in the year 1994, then a Master’s degree in Professional Accounting from the same university in the year 2009, in addition to obtaining many specialized courses in the field of management and specialized courses in combating money laundering and financing terrorism.

Current memberships and positions abroad

• Director of Customer Affairs Department at the Saudi Electricity Company

Memberships and previous positions

• Member of the Audit Committee of Osoul Finance

Mr. Omar Ahmed Baghlaf

Member of the Board

Mr. Omar Baghlaf is a member of the board. he has served as Chairman of the Board of Directors of Osoul Modern Finance Company since September of 2016. His last role was Vice Chairman of the Board of Directors of Osoul Modern Finance Company.

Professional Experience

 Omar Baghlaf has more than 25 years of experience in many commercial, industrial, investment, non-profit and endowment activities. He is currently the Vice-Chairman of the Board of Directors, Managing Director, and CEO of Baghlaf Al-Zafer Group. As Vice-Chairman of the Board of Directors of Baz International For Industry Limited, he is also the CEO of Ardeen Company for Development and Real Estate Development, Amal Company Limited, and Al-Diwani. He holds several specialized courses in Anti-Money Laundering, Terrorist Financing, and Anti-Fraud.

Current Memberships and Positions Abroad

• Vice Chairman, Managing Director and CEO of Baghlaf Al-Dhafer Group.
• Vice Chairman of the Board of Directors of Baz International Company for Industry Ltd.
• CEO of Ardeen Real Estate Development and Development Company.
• CEO of Amal Ltd.
• CEO of Al-Diwaniyah Construction Company.
• Chairman of the Board of Principals and Executive Director of the Baghlaf Al-Zafer Endowment.
• Member of the Board of Directors of Baz United Company – Malaysian.
• Member of the Board of Directors of Horizon International Company – Turkey.

Memberships and Previous Positions

• Vice Chairman of the Board of Directors of Fanateer International Entertainment.
• Vice Chairman of the Board of Directors of the International Restaurants Company.
• Vice-Chairman of the Board of Directors of Nufth International Marketing Company.
• Vice Chairman of the Board of Directors of Al Raeda Company for Marketing and Real Estate Development.
• Vice Chairman of the Board of Directors of the Khartoum Gum Arabic Manufacturing Company.
• Vice Chairman of the Board of Directors Baghlaf Brothers Investment Group UAE.
• Vice Chairman of the Board of Directors of Kamrat Contracting Company.

Mr. Mohammed Adnan bin Hamad

Member of the Board of Directors

Mr. Mohammed Adnan bin Hamad has been a member of the Board of Directors of Osoul Modern Finance Company since December of the year 2020 as an independent member of the Board of Directors. He is the Chairman of the Risk and Credit Committee and the Chairman of the Nominations and Remuneration Committee of the company, he also holds other positions in organizations outside the company.

Professional Experience

Mr. Muhammad Adnan Saleh bin Hamad has more than 30 years of banking experience in the field of Islamic finance, strategies, portfolio management, refinancing and product development. He worked in two leading institutions, The National Commercial Bank and Samba Financial Group. He was also a member of the advisory board of the government guarantee program Kafalah, and he was one of the first initiators to develop and draw Initiatives (financing small and medium enterprises) in the Kingdom of Saudi Arabia. Where he began his working life at the National Commercial Bank in the foreign administration and international relations in 1982 and rose in several positions until he held the position of head of banking for small and medium enterprises in the corporate sector in 2003, the last of which was the head of banking and cash and trade in the corporate sector. This is in addition to many positions he held, including being a board member and founder of the Community Empowerment Company and a board member of Nusaned Investment Company since 2019, in addition to his work in many major development projects with a number of leading consultancy companies in this field such as McKinsey, and Oliver, Wymen and BCG. Mr. Muhammad Adnan bin Hamad obtained a bachelor’s degree in English from King Abdulaziz University in Jeddah in the year 1991, in addition to obtaining many specialized courses in the administrative and banking field and specialized courses in combating money laundering and terrorist financing.

Current memberships and positions abroad

• Member of the Board of Directors and a member of the Investment Committee of Nusaned Investment Company for the second session (a SABIC company)
• Member of the advisory board of a family business in Jeddah.
• Founder and Board Member of the Community Empowerment Company.

Memberships and previous positions

• Member of the Governance Committee of IKTVA Association

Mr. Khaled Ali Al-Bayti

Member of the Board of Directors

Mr. Khaled Al-Bayti has been a member of the Board of Directors of Osoul Modern Finance Company since September of 2016 as a non-executive member of the Board of Directors. He is also a member of the Company’s Risk and Credit Committee, in addition to the positions he holds in other entities outside the company.

Professional Experience

Mr. Khaled Al-Bayti has practical and administrative experience of nearly 30 years, where he started his working life in Farouk and Mamoun Tamr Company in the Accounting Department in 1992 and moved in the same year to the Saudi Supplies Company (Banaja Holding) to work in the accounting department and was included in the company’s work in several positions until he held The position of Head of Accounts for the Western Region, then moved to work in Abdullah Hashem Co. Ltd. beginning in 2006 as a manager of the company’s central accounts, then in 2008 he moved to Al-Rehab Heavy Equipment Company as the company’s financial manager and continued to work with the company until he moved to work for Baghlaf Al-Zafer Group as the group’s financial manager In 2011, he is currently the Executive Vice President of Baghlaf Al-Dhafer Group. Mr. Khaled Al-Bayti obtained a bachelor’s degree in accounting from King Abdulaziz University in Jeddah in the year 1991, then a master’s degree in professional accounting from the same university in the year 2009. He also holds the fellowship of the Saudi Organization for Certified Public Accountants since the year 2006, in addition to obtaining many courses Specialized in the field of management and specialized courses in combating money laundering and terrorist financing.

Memberships and previous positions

• Member of the Executive Committee of Osoul Modern Finance Company

Current memberships and positions abroad

• Executive Vice President of Baghlaf Al Zafer Group