Ludovico Ayad

• Leads the Internal Audit Department in conformance with the Global Internal
Audit Standards (GIAS), reporting functionally to the Board Audit Committee
and administratively to top management.
• Directs a risk-based audit strategy and annual plan aligned with corporate
objectives, sustainability goals, and regulatory requirements.
• Prepares the Internal Audit Masterplan for Audit Committee approval,
prioritizing key risk areas.
• Oversees the execution of assurance and advisory engagements that provide
independent evaluation of governance, risk management, and internal
controls.
• Reports audit results, key findings, and performance metrics to the Board
Audit Committee and Senior Management.
• Maintains the Internal Audit Quality Assurance and Improvement Program
(QAIP).
• Manages budgeting, staffing, and capability development to sustain a high
performing audit team.

• Established and led the Internal Audit Department in conformance with the
International Professional Practices Framework, reporting directly to Zamil
Headquarters in Saudi Arabia.
• Implemented a comprehensive audit strategy and annual plan addressing key
risks, efficiency gaps, and control effectiveness.
• Prepared annual audit plans and ensured timely completion of assurance and
advisory engagements.
• Reported internal audit results and departmental performance to the Board
Audit Committee and Senior Management
• Maintained the Internal Audit Quality Assurance and Improvement Program
(QAIP).
• Managed budgeting, resourcing, and staff administration for the Internal
Audit function.

• Conducted full-cycle audits from planning to reporting.
• Monitored and reported implementation of COA findings across departments.
• Conducted surveys and reported results as part of the Internal Audit Offices
(IAO) Quality Assurance and Improvement Program (QAIP).
• Developed key process innovations, including the Audit Rating System, Audit
Universe Evaluation Matrix, and Quality Management Framework.

• Conducted full-cycle audits from planning to reporting.
• Received Special

• Conducted compliance and accountability audits.