In this Section

Board and Management Committees

Board Audit and Risk Committee (ARC)

The ARC is involved in the Board’s fulfilment of its oversight responsibilities relating to the integrity of financial statements, appropriateness of policies and procedures, performance of the external auditors and internal auditor and ALAFCO’s Corporate Governance Framework.

Furthermore, the ARC is also responsible for overseeing the Risk Management Framework and compliance related activities within ALAFCO. The committee comprises of:

  • a. Paul Quigley, Chairman of the ARC
  • b. Abdulwahab Essa Alroshood, ARC member
  • c. Meshari Mustafa Al Judaimi, ARC member

Board Executive Committee (EC)

The EC acts as a key committee within ALAFCO responsible for supporting the board of directors in the execution of their responsibilities in accordance with applicable laws and regulations including compliance with Kuwait Stock Exchange (KSE) requirements and the Capital Market Authority (“CMA”) regulations. The EC’s roles and responsibilities include, but not be limited to:

  • A. Review and approval of transactional due diligence and other analysis that have been carried out for transactions within their authority;
  • B. Holding meetings with the CEO and staff to discuss proposed transactions, recommended course of action, other options along with their related pros and cons;
  • C. Review the deal structure (including tax structures) proposed by management for the purpose of executing leasing transaction that EC is authorized to approve;
  • D. Ensure ALAFCO’s strategic goals and objectives and being achieved.


The Committee comprises of:

  • a. Barrak Abdulmohsen Barrak Al-Sabeeh, Chairman of EC
  • b. Ahmad Abdullah Alzabin, EC member
  • c. Abdulwahab Essa Alroshood, EC member
  • d. Fahad Abdul Razzaq Al Nisf, EC member
  • e. Meshari Mustafa Al Judaimi, EC member

Lease Management Committee (LMC)

The LMC is a management committee that assists the Board in fulfilling its responsibility with respect to ALAFCO’s business and operations, including the oversight of aircraft procurement lifecycle, contract preparation, negotiation assistance, contractual administration and claims management. The LMC is authorized to act on behalf of the CEO of ALAFCO in all matters as delegated to it. The LMC is authorized to make decisions relating to aircraft procurement within its authorized limits and engage independent counsel and other advisors, as it deems necessary, to carry out its duties, provided such engagements are justifiable and approved by the CEO.

The LMC is comprised of the Vice Chairman of ALAFCO, the Deputy CEO along with heads of business units.