Makkah Construction Names Audit Committee for 2026-2030 Term

Makkah Construction and Development Company has set the membership of its Audit Committee for the new board term, the company said in a bourse filing. The committee will serve four years, starting 10 June 2026 and ending 9 June 2030.

The three members bring backgrounds in Saudi banking, regulation, and investment management. Ibrahim Abdullah Ibrahim Al Subaei, chairman of Al Subaei Investment Group, has more than 50 years in the Saudi business landscape. His board history includes Bank Aljazira, Bank Albilad, Arabian Cement Company, and Jabal Omar Development Company.

Osama Omar Saeed Bariyan, deputy CEO and head of investment at Dar Saleh, focuses on auditing, corporate governance, and asset management. He previously served as head of financial investments at Meethaq Investment Holding and has held board and committee roles at Emaar The Economic City, Al Buhaira Development Company, Dallah Holding, Arab Forum Company, and Kun Sports. He holds a Master's in Applied Financial Management and a Bachelor's in Accounting.

Abdullah Iyad Abdulmohsen Al Fares, CFO of Riyadh Capital, brings more than 15 years in finance, auditing, and risk management. His career includes director of financial policy and control at Riyad Bank and director of internal audit at Riyadh Capital. He also worked at the Capital Market Authority, the Saudi Exchange (Tadawul), and Deloitte. He holds an MBA in Finance from Heriot-Watt University and a Bachelor's in Accounting from King Saud University, and is a certified member of the Saudi Organization for Chartered and Professional Accountants.

The committee's formation comes ahead of the new board cycle, with the company aiming to maintain financial transparency and institutional control through the 2026-2030 term.