Riyadh – Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) announced the composition of its audit committee for the upcoming board of directors cycle.
The new committee, established by a resolution of the Board of Directors, is scheduled to serve a four-year term beginning on 1 July 2026 and concluding on 30 June 2030.
The appointment of the audit committee members marks a proactive step by SISCO Holding to ensure robust financial oversight and corporate governance for its next operational phase. The committee will be led by Nader Mohammed Saleh Ashour, who has been designated as Chairman.
Ashour is a highly seasoned financial executive who currently serves as the Chief Financial and Strategy Officer at NEOM. His academic credentials include a Master of Business Administration from the International Institute for Management Development (IMD) in Switzerland and a Bachelor’s degree in Accounting from King Fahd University of Petroleum and Minerals (KFUPM).
Furthermore, Ashour holds several professional certifications in accounting and auditing, bringing extensive expertise in risk management, strategic planning, and governance to the committee.
Joining the committee as a member is Hussein Hassan Eid, who brings more than 19 years of experience in the fields of financial planning, accounting, and financial control. Eid currently holds the position of Group Chief Financial Officer at the Saudi National Bank (SNB).
He earned a Professional Master’s degree in Accounting from King Abdulaziz University and a Bachelor’s degree in Accounting from KFUPM. His professional background is supported by various certifications in financial reporting and management, and he currently serves on several boards and audit committees across the corporate landscape.
The third member of the newly formed committee is Yasser Asaad Allaf, an expert with over 25 years of experience in governance, risk management, and compliance within the financial and banking sectors.
Allaf currently serves as the Head of Governance, Risk, and Control at the Company for Cooperative Insurance (Tawuniya).
Holding a Master of Business Administration, he has occupied numerous leadership roles and has chaired or participated in various audit, risk, and credit committees for both public and private entities, as well as government agencies.
The formation of this committee follows the formal board meeting held on 1 July 2026, which coincided with the start date of the new term.
By appointing individuals with significant executive experience in major Saudi institutions such as NEOM, SNB, and Tawuniya, SISCO Holding aims to reinforce its internal control frameworks and maintain high standards of transparency.
The committee will be responsible for overseeing the company’s financial reporting processes, the effectiveness of its internal control systems, and its compliance with legal and regulatory requirements throughout the four-year duration of its mandate. This move reflects the company's commitment to aligning its oversight functions with best practices in the Saudi capital market.
