Corporate Governance Committees

INDEPENDENT, NON-EXECUTIVE DIRECTOR Carlos Obeid

- Global Foundries Inc, Non-Executive Director (2012), USA
- Mubadala Capital, Non-Executive Director (2021), UAE
- Abu Dhabi Investment Council Company PJSC, Non-Executive Director (2022), UAE
Carlos Obeid joined the ADCB Board of Directors in 2019 and has extensive experience in finance, investment management and strategic leadership.
As the Chief Financial Officer of Mubadala, Carlos plays a crucial role in managing the organisation's financial strategy and operations, including treasury, financial planning, and governance. This experience enables him to bring important perspectives into global investment trends, risk management strategies, and financial best practice to the ADCB Board. His expertise in overseeing complex financial operations and driving financial performance is particularly valuable in guiding the Bank's strategy, balance sheet management and enhancing its competitive edge.
Prior to his current role, Carlos worked with the UAE Offset Programme Bureau, where he led various initiatives in privatisation, utilities, and financial services. He also serves on the boards of a number of organisations operating in various industries and geographies. This combined experience has equipped him with a deep understanding of both public and private sector dynamics, as well as the evolving domestic and international regulatory environment across multiple sectors.
Carlos obtained a Bachelor of Science in Electrical Engineering from the American University of Beirut, Lebanon, followed by a Master of Business Administration from INSEAD in Fontainebleau, France.

NON-EXECUTIVE DIRECTOR Aysha Al Hallami

- Abu Dhabi National Takaful Company PSC, Member (2023), UAE
Aysha Al Hallami joined the ADCB Board of Directors in April 2013, bringing a wealth of experience in finance and investment management to her role.
As Deputy Director in the Core Portfolio Department of Abu Dhabi Investment Authority (ADIA), Aysha plays a crucial role in managing one of the world's largest sovereign wealth funds. Her position at ADIA allows her to bring a breadth of investment knowledge to ADCB's Board.
Aysha's background in finance and business is an important asset in her role as a Board member, providing a strong foundation in financial analysis and strategic decision-making. Her experience, knowledge and leadership skills are particularly valuable in driving the Bank's long-term growth and sustainability amid a complex and fast-changing regulatory environment.
Aysha is a CFA Charter holder. She earned a Bachelor's degree in Business Sciences and Finance from Zayed University in the UAE, followed by a Master's degree in Finance and Banking from Cass Business School at City University in the UK. She has also completed a General Management programme and a Private Equity and Venture Capital programme, both at Harvard Business School in the USA.

NON-EXECUTIVE DIRECTOR Khalid Deemas Alsuwaidi

- Abu Dhabi National Takaful Company PSC, Vice-Chairman (2008), UAE
- Sky News Arabia, Non-Executive Director (2021), UAE
- Emirates Strategic Investment Company (ESIC), Vice-Chairman (2019), UAE
Khalid Deemas Alsuwaidi has been a member of the ADCB Board of Directors since March 2009, and brings three decades of experience in banking, investment, and emerging industries. With a deep understanding of the UAE’s financial landscape and broader regional markets, he has consistently focused on driving strategic growth and operational excellence at the Bank.
Over the years, Khalid has held senior positions at leading financial institutions, including the National Bank of Abu Dhabi and First Gulf Bank. His extensive expertise in banking operations, strategic planning, and corporate governance has equipped him with a comprehensive perspective on industry challenges and opportunities. As the current Group Chief Executive Officer of Das Holding, Khalid has extended his leadership into key sectors of the UAE economy, including real estate, transport, hospitality and healthcare.
Khalid’s expertise in business development, strategic management, and governance enables him to identify and capitalise on market trends.
Khalid holds a Master’s degree in Business Administration, with a minor in Management Information Systems and Strategic Planning, from Widener University, USA.

Independent, Non-Executive Director Sheikh Sultan Bin Suroor Al Dhaheri

- Abu Dhabi Maritime and Mercantile International Co, Chairman (2012), UAE
- AlDhaana Holding LLC, Chairman (2012), UAE
- National Corporation for Tourism and Hotels, Board Member (2009), UAE
Sheikh Sultan Bin Suroor Al Dhaheri was reappointed to the ADCB Board of Directors in 2022, following a previous tenure on the Board from 2009 to 2019.
With over a decade of experience in senior business leadership positions, Sheikh Sultan has cultivated a deep understanding of commercial dynamics in the UAE and beyond. His expertise spans various sectors, including maritime trade, hospitality, and investment management, enabling him to offer significant insights to guide the Bank's strategic initiatives.
Through his diverse experience, Sheikh Sultan has a unique vantage point on international commerce and the domestic economy, which has proven valuable in guiding the growth and development of ADCB.
Sheikh Sultan earned a Master's degree in Strategic Management at the University of Wales, UK, and has completed the Emerging Leaders Programme at Harvard Kennedy School, USA.
Secretary: Bashar Khairy
For terms of reference click here
For the internal audit charter click here
The primary responsibilities and functions of the Audit Committee are to provide assistance to the Board to fulfil its duties to ensure and oversee:
- The integrity of the Bank's financial statements;
- The qualifications, independence, performance and remuneration of the Bank's external auditors;
- The qualifications, independence and performance of the Bank's internal audit department;
- The Bank's compliance with legal and regulatory requirements, and the Bank's internal policies; and
- The Bank's internal controls, including controls over financial reporting and disclosure.
Generally, the role of the Audit Committee is advisory in nature, with recommendations reported to the Board for final approval. However, in certain limited circumstances decisions may be taken by the Audit Committee, which are binding on the Board; for example, approving the terms of engagement of the external auditor. The Audit Committee holds a minimum of four meetings per year and provides regular reports to the Board.