The Architecture of Accountability
Organizational Structure Detail
A detailed view of Al Amal’s functional structure, outlining leadership responsibilities, reporting lines, and the integration of investment, risk, and operational functions.
Structure Overview
نظرة عامة على الهيكل
Al Amal operates under a clear governance hierarchy anchored in the Board of Directors and executed through a structured divisional framework. The following sections detail each division, its mandate, reporting lines, and key functions. All structures comply with CMA Corporate Governance Code, CBK directives, and Shari'a supervisory requirements.
150+
Total Employees
إجمالي الموظفين
6
Operating Divisions
الأقسام التشغيلية
4
Governance Committees
لجان الحوكمة
4
Regional Offices
مكاتب إقليمية
9
Board Members
أعضاء مجلس الإدارة
3+
Subsidiaries
الشركات التابعة
Board-Level Governance
حوكمة مجلس الإدارة
Board of Directors
مجلس الإدارة
The Board of Directors comprises 9 members, elected by the General Assembly for a renewable three-year term in accordance with the Company's Articles of Association and the CMA Corporate Governance Code. The Board is chaired by the Chairman, who is a non-executive director.
The Board bears ultimate responsibility for setting corporate strategy, approving annual budgets, overseeing risk management frameworks, and ensuring the Company's compliance with all applicable regulations including CMA directives, CBK requirements, and the Ministry of Commerce corporate governance guidelines.
A minimum of one-third of Board members are independent directors as defined under the CMA Corporate Governance Code. The Board convenes a minimum of four ordinary meetings per fiscal year, with extraordinary sessions convened as required by material corporate events or regulatory obligations.
Board Committees
لجان مجلس الإدارة
Audit Committee
3 membersOversees financial reporting integrity, internal control systems, and the independence of external auditors. Reviews annual financial statements and recommends their approval to the Board. Ensures compliance with International Financial Reporting Standards (IFRS).
Risk Committee
4 membersReviews and approves the enterprise-wide risk management framework. Monitors capital adequacy, liquidity risk, market risk, and credit risk. Oversees compliance with CMA and CBK risk-related directives.
Shari'a Supervisory Committee
3 Shari'a scholarsEnsures all investment activities, products, and financial instruments comply with Islamic jurisprudence (Fiqh al-Mu'amalat). Issues annual Shari'a compliance certificates and reviews new product structures before approval.
Governance & Nomination Committee
3 membersOversees board composition, director independence assessments, and board performance evaluation. Maintains compliance with the CMA Corporate Governance Code. Manages director nominations and succession planning at the Board level.
Executive Leadership
القيادة التنفيذية
The Executive Committee, chaired by the CEO, comprises the heads of all divisions. The committee convenes weekly to review performance, approve investments within delegated authorities, and set operational priorities. All executive appointments are subject to Board approval and, where applicable, CMA fit-and-proper assessment.
Chief Executive Officer (CEO)
الرئيس التنفيذي
Reports to the Board of Directors
Overall corporate strategy formulation and execution. Serves as primary interface with the Board of Directors, regulators, and institutional stakeholders. Accountable for all operational, financial, and governance outcomes of the Company and its subsidiaries.
Chief Investment Officer (CIO)
مدير الاستثمار
Reports to CEO
Leads the Investment Management Division. Responsible for asset allocation strategy, portfolio construction, manager selection, and investment performance across public market mandates.
Chief Financial Officer (CFO)
المدير المالي
Reports to CEO
Oversees financial reporting, treasury management, budget planning, investor reporting, and compliance with IFRS. Serves as primary liaison with external auditors and the Audit Committee.
Chief Operating Officer (COO)
مدير العمليات
Reports to CEO
Oversees day-to-day operations, technology infrastructure, human capital, and administrative functions. Responsible for operational risk management and business continuity planning.
Head of Private Equity & Venture Capital
رئيس الأسهم الخاصة ورأس المال الجريء
Reports to CEO
Manages direct investment activities, portfolio company oversight, and exit strategies across the Private Equity and Venture Capital Division.
Head of Real Estate
رئيس قسم العقارات
Reports to CEO
Leads the Real Estate Division, overseeing commercial and residential development, acquisitions, asset management, and real estate fund activities across Kuwait and the GCC region.
Head of Shari'a Compliance
رئيس الالتزام الشرعي
Reports to CEO & Shari'a Supervisory Committee
Ensures all products, transactions, and operational activities comply with Islamic jurisprudence. Coordinates with the Shari'a Supervisory Committee and manages internal Shari'a review processes.
Chief Risk Officer (CRO)
مدير المخاطر
Reports to CEO & Risk Committee
Leads enterprise risk management, compliance monitoring, and regulatory reporting. Maintains risk frameworks covering market, credit, liquidity, operational, and regulatory risk categories.
Investment Management Division
قسم إدارة الاستثمارات
Sub-Units
Mandate
Manage public market investments across equities, fixed income, sukuk, and multi-asset portfolios for both proprietary and client mandates. The division is responsible for delivering risk-adjusted returns in compliance with approved investment policies, CMA regulations, and Shari'a guidelines.
Key Functions
Private Equity & Venture Capital Division
قسم الأسهم الخاصة ورأس المال الجريء
Sub-Units
Mandate
Originate, evaluate, and manage direct investments in private companies across growth, buyout, and venture stages. The division manages Al Amal's proprietary PE/VC portfolio and the Al Amal Ventures KSCC fund structure, with a focus on GCC and MENA-region opportunities compliant with Shari'a principles.
Key Functions
Real Estate Division
قسم العقارات
Sub-Units
Mandate
Lead Al Amal's real estate investment, development, and asset management activities. The division oversees commercial, residential, and mixed-use projects in Kuwait and the GCC, managing the Al Amal Real Estate Company subsidiary and direct property investments held on balance sheet.
Key Functions
Shari'a Compliance & Governance Division
قسم الامتثال الشرعي والحوكمة
Sub-Units
Mandate
Ensure that all of Al Amal's products, transactions, operational activities, and investment structures comply with Islamic jurisprudence (Fiqh al-Mu'amalat). The division acts as the executive arm of the Shari'a Supervisory Committee and serves as the primary point of contact for Shari'a-related matters across all business units.
Key Functions
Risk & Compliance Division
قسم المخاطر والامتثال
Sub-Units
Mandate
Establish, maintain, and monitor the enterprise-wide risk management framework. Ensure compliance with all applicable laws, regulations, and internal policies. The division provides independent risk oversight across all business units and serves as the primary regulatory interface for risk-related matters with CMA, CBK, and other authorities.
Key Functions
Operations & Finance Division
قسم العمليات والمالية
Sub-Units
Mandate
Deliver reliable financial reporting, treasury management, and operational infrastructure across all divisions. The division encompasses Finance & Accounting, Treasury, IT & Technology, and corporate Administration — ensuring the Company's day-to-day operations run efficiently and in compliance with statutory and internal requirements.
Key Functions
Regulatory Oversight Matrix
مصفوفة الرقابة التنظيمية
Al Amal Investment Company KSCC operates within a multi-regulator compliance framework. The matrix below details each regulatory body, its mandate over Al Amal's activities, and the compliance evidence maintained.
| Regulatory Body | Role & Mandate | Compliance Evidence | Scope |
|---|---|---|---|
|
Capital Markets Authority (CMA) Kuwait هيئة أسواق المال |
Primary securities regulator. Oversees investment company licensing, disclosure obligations, public offering approvals, and corporate governance compliance. | CMA License No. XXX; Annual governance report; Quarterly financial disclosures; Related-party transaction filings. | All investment activities |
|
Central Bank of Kuwait (CBK) بنك الكويت المركزي |
Regulates banking and financial system stability where Al Amal's activities intersect with banking-licensed functions. Applicable to treasury, custody, and certain fund structures. | CBK approvals for applicable activities; AML/CFT compliance reports; Annual KYC/AML certification. | Applicable treasury & custody activities |
|
Ministry of Commerce & Industry وزارة التجارة والصناعة |
Regulates corporate governance under the Kuwait Companies Law. Oversees commercial registration, general assembly procedures, and shareholding company compliance. | Commercial license; Annual general assembly filings; Director disclosure forms; Corporate governance annual report. | Corporate governance & registration |
|
Shari'a Supervisory Board هيئة الرقابة الشرعية |
Internal supervisory body comprising three qualified Shari'a scholars. Reviews and certifies that all products, transactions, and operations comply with Islamic jurisprudence (Fiqh al-Mu'amalat). | Annual Shari'a compliance audit report; Product approval fatwas; Quarterly Shari'a review minutes. | All products and transactions |
|
Kuwait Stock Exchange (Boursa Kuwait) بورصة الكويت |
Listing authority for publicly listed instruments. Requires continuous disclosure, material event announcements, and compliance with listing rules where applicable. | Continuous disclosure filings; Price-sensitive announcements; Annual report submissions. | Listed securities (where applicable) |
Disclaimer: This regulatory matrix is provided for information purposes only and reflects the regulatory framework as of the date of publication. Al Amal Investment Company KSCC maintains a dedicated Compliance department responsible for monitoring changes in applicable laws and regulations and ensuring ongoing adherence. For formal regulatory status, refer to the official CMA and CBK public registers.
Internal Audit & Control Functions
وظائف التدقيق الداخلي والرقابة
The Internal Audit department operates as an independent, objective assurance and consulting function. It reports directly to the Audit Committee of the Board of Directors, ensuring full independence from executive management.
The department conducts risk-based audits across all divisions, subsidiaries, and regional offices on an annual cycle approved by the Audit Committee. Special audits may be commissioned at the request of the Board or Audit Committee.
Core Audit Functions
Financial & Operational Audit
Reviews the accuracy and completeness of financial records, evaluates the effectiveness of operational controls, and assesses compliance with internal policies and standard operating procedures across all divisions.
Regulatory Compliance Review
Monitors adherence to CMA regulations, CBK directives, AML/CFT requirements, and the Kuwait Companies Law. Produces quarterly compliance status reports for the Audit Committee.
IT & Information Security Audit
Evaluates technology infrastructure controls, cybersecurity protocols, data protection practices, and business continuity planning in accordance with recognised IT governance frameworks.
Investment Process Audit
Independently reviews investment decision processes, mandate compliance, valuation methodologies, and performance measurement practices within each investment division.
Shari'a Compliance Review
Coordinates with the Shari'a Supervisory Committee to verify that approved Shari'a frameworks are correctly implemented at the transaction and portfolio level.
Follow-up & Remediation Tracking
Monitors the timely implementation of corrective actions identified in prior audit cycles. Reports remediation status to the Audit Committee at each quarterly meeting.
Human Capital & Administration
رأس المال البشري والإدارة
The Human Capital department is responsible for the full employee lifecycle — from talent acquisition through performance management, learning and development, and employee relations. The department reports to the Chief Operating Officer (COO).
As a Kuwaiti Shareholding Company, Al Amal adheres to Kuwait Labour Law (Law No. 6 of 2010) and Ministerial Resolution requirements governing Kuwaitisation, working hours, and employee rights.
Human Capital Programmes
Talent Acquisition
Structured recruitment process aligned with Kuwaitisation (nationalisation) targets set by the Ministry of Labour. Mandatory competency-based interviews and background screening for all hires.
Performance Management
Annual performance appraisal cycle linked to divisional KPIs and corporate strategic objectives. Mid-year reviews conducted for senior and mid-management levels.
Learning & Development
Mandatory CMA-accredited training for investment professionals. External certification support (CFA, FRM, CAIA, CIA) for eligible staff. Annual leadership development programme.
Compensation & Benefits
Benchmarked annually against GCC investment firm peers. Includes base salary, performance bonus, ESOP for senior leadership, and comprehensive health and retirement benefits.
Kuwaitisation Compliance
Dedicated Kuwaitisation programme with quarterly reporting to the Ministry of Labour. Mentorship and fast-track schemes for Kuwaiti national talent.
Employee Relations
Formal grievance and disciplinary procedures in compliance with Kuwait Labour Law (Law No. 6 of 2010). Annual employee engagement survey reported to the COO and Board.
Explore Further
مزيد من المعلومات
Designed for Performance, Governed by Structure
مصمم للأداء، ومحكوم بالهيكلة
Our organizational structure reflects functional discipline, agile decision‑making, and alignment with shareholder interests — from the Board of Directors through executive leadership, six functional divisions, four governance committees, subsidiary companies, and regional offices across the GCC. Whether you're a regulator, institutional investor, or potential partner, clarity on how we operate builds confidence. Download the full structure or speak with our Corporate Secretary to explore alignment opportunities.
Corporate Secretary
corporate.secretary@al-amalinvestment.com
Governance & Board inquiries
Investor Relations
ir@al-amalinvestment.com
Financial & shareholder inquiries
General Enquiries
+965 182 2626
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