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stc
Annual Report
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A brief overview of stc
Group

 

,The performance, activities

and investments of stc Group

and its subsidiaries during

the year 2022

 

Risks management

and transactions with

related parties

 

Board of Directors and
Committees

 

Dividends Policy and Distribution

and Board Recommendations and

Compensation

 

Conclusion

 

Financial Consolidated

Statements

A brief overview of stc Group The performance, activities, and
nvestments of stc Group and
its subsidiaries during the year 2022 Risks management and transactions
with related parties Board of Directors and Committees Dividends Policy and
Distribution and Board
Recommendations and Compensation Conclusion Financial Consolidated
Statements

Annual Assessment

of the Board of Directors

The Board of Directors resolved on 21/3/2018 to approve the Performance Assessment Policy of the Board of Directors and Committees. The policy aims to define rules and regulations of assessing performance for follow up and enhancement objectives, fulfill requirements, apply best governance practice, and strengthen the Board’s effectiveness. The Chairman of the Board of Directors directed the Nomination and Remuneration Committee to write to specialized advisory firms and request them to submit their Board assessment proposals for the first year of the 8th term during the second quarter of 2022,

provided that the consultant is highly qualified and experienced to assess the effectiveness and performance of the Board and committees. The Board of Directors discussed on 3/10/2022 the work plan implemented and their established assessment methodology, which were conducted over internet surveys and one to one interviews. The collected relevant data were analyzed and compared with 2019 recommendations to determine changes and achievements between the two assessments, the Board, role, interaction, governance, challenges and risk management. The strength points and opportunities that could contribute more to enhancing the effectiveness of the Board's performance, which will be reflected positively on stc.

Evalution

Annual Assessment

of the Board of Directors

Description of any interest, contractual papers, and subscription rights belonging to members of the Board of Directors and their relatives in stc shares or debt instruments (Eighth session)

Beginning of 2022 Ending of 2022
# Member Name No. of Shares Debt Instruments No. of Shares Debt Instruments Net Difference Change Percentage
1 HRH Prince Mohammed bin Khaled Al-Abdullah Al-Faisal 2,500 0 2,500 0 0 %0
2 H.E. Dr. Khaled bin Hussain Biyari 5,000 0 5,185 0 185 %3.7
3 H.E. Mr. Mohammed bin Talal Al-Nahhas 0 0 750 0 750 %100
4 Mr. Yazeed Al-Humied 23,372 0 23,372 0 0 %0
5 Ms. Rania Nashar 0 0 0 0 0 %0
6 Mr. Arndt Rautenberg 0 0 0 0 0 %0
7 Mr. Sanjay Kapoor 0 0 0 0 0 %0
8 Ms. Sarah Al-Suhaimi 0 0 100,000 0 100,000 %100
9 Mr. Jameel Al-Mulhem 0 0 23,750 0 23,750 %100
10 Mr. Waleed Shukri 0 0 0 0 0 %0
11 Mr. Ahmed M. Alomran 0 0 0 0 0 %0

Description of any interest, contractual papers, and subscription rights belonging to members of the Board of Directors and their relatives in stc’s subsidiaries shares or debt instruments (Eighth session)

Beginning of 2022 Ending of 2022
# Member Name Subsidiary No. of Shares Debt Instruments No. of Shares Debt Instruments Net Difference Change Percentage
1 HRH Prince Mohammed bin Khaled Al-Abdullah Al-Faisal 0 0 0 0 0 %0
2 H.E. Dr. Khaled bin Hussain Biyari 0 0 0 0 0 %0
3 H.E. Mr. Mohammed bin Talal Al-Nahhas 0 0 0 0 0 %0
4 Mr. Yazeed Al-Humied SOLUTIONS 20 0 20 0 0 %0
5 Ms. Rania Nashar 0 0 0 0 0 %0
6 Mr. Arndt Rautenberg 0 0 0 0 0 %0
7 Mr. Sanjay Kapoor 0 0 0 0 0 %0
8 Ms. Sarah Al-Suhaimi 0 0 0 0 0 %0
9 Mr. Jameel Al-Mulhem 0 0 0 0 0 %0
10 Mr. Waleed Shukri 0 0 0 0 0 %0
11 Mr. Ahmed M. Alomran 0 0 0 0 0 %0

Description of any interest, contractual papers, and subscription rights belonging to senior executives and their relatives in shares or debt instruments of stc

Beginning of 2022 Ending of 2022
# Member Name No. of Shares Debt Instruments No. of Shares Debt Instruments Net Difference Change Percentage
1 Olayan M. Alwetaid 8,670 0 38,947 0 30,277 %349
2 Ameen F. Alshiddi 8,670 0 29,450 0 20,780 %240
3 Faisal S. Alsaber 4,297 0 8,845 0 4,548 %106
4 Riyadh S. Muawad 8,670 0 29,450 0 20,780 %240
5 Mohammed A. Alabbadi 4,297 0 15,535 0 11,238 %261
6 Moaeed H. Alsaloom 0 0 0 0 0 %0
7 Haithem M. Alfaraj 8,670 0 29,450 0 20,780 %240
8 Abdullah A. Alkanhl 0 0 20,780 0 20,780 %100
9 Ahmad M. Alghamdi 0 0 11,237 0 11,237 %100
10 Motaz A. Alangari 332 0 332 0 0 %0
11 Abdullah S. Alanizi 4,687 0 15,925 0 11,238 %240
12 Mathad F. Alajmi 4,297 0 15,535 0 11,238 %261
13 Emad A. Alaoudah 4,687 0 15,925 0 11,238 %240
14 Amir A. Algibreen 4,687 0 15,925 0 11,238 %240
15 Ibrahim S. Alsuwail 0 0 0 0 0 %240

Description of any interest, contractual papers, and subscription rights belonging to senior executives and their relatives in shares or debt instruments of stc’s subsidiaries:

Beginning of 2022 Ending of 2022
# Member Name Subsidiary Net Difference Percentage No. of Shares Debt Instruments No. of Shares Debt Instruments
1 Olayan M. Alwetaid 0 0 0 0 0 0 %0
2 Ameen F. Alshiddi 0 0 0 0 0 0 %0
3 Faisal S. Alsaber 0 0 0 0 0 0 %0
4 Riyadh S. Muawad 0 0 0 0 0 0 %0
5 Mohammed A. Alabbadi 0 0 0 0 0 0 %0
6 Moaeed H. Alsaloom 0 0 0 0 0 0 %0
7 Haithem M. Alfaraj 0 0 0 0 0 0 %0
8 Abdullah A. Alkanhl 0 0 0 0 0 0 %0
9 Ahmad M. Alghamdi 0 0 0 0 0 0 %0
10 Motaz A. Alangari 0 0 0 0 0 0 %0
11 Abdullah S. Alanizi 0 0 0 0 0 0 %0
12 Mathad F. Alajmi 0 0 0 0 0 0 %0
13 Emad A. Alaoudah 0 0 0 0 0 0 %0
14 Amir A. Algibreen 0 0 0 0 0 0 %0
15 Ibrahim S. Alsuwail 0 0 0 0 0 0 %0