Shariah Board Coordinator
Saudi Economic and Development Company (SEDCO)
Total years of experience :11 years, 10 Months
Responsibilities:
• Offer legal counsel on Shariah-compliant transactions and contracts and ensure compliance with Shariah principles and guidelines in all aspects of the company's operations, investments, and activities.
• Coordinate meetings, agendas, and documentation for the Shariah board; serve as a liaison between the Shariah board members and the company's management, ensuring effective communication and collaboration.
• Stay updated on developments in Islamic finance, Shariah principles, and regulatory frameworks; conduct research to assess the impact of regulatory changes on the company's operations and advise management accordingly.
• Maintain accurate records of Shariah compliance activities, including meeting minutes, decisions, and compliance reports; prepare regular reports for management and regulatory authorities as required.
Highlights:
• Efficiently managed the company's legal cases, preserving the company's interests without any losses.
• Key role in facilitating corporate acquisitions, contributing to SEDCO's acquisition of Al Yusr Schools Company.
• Facilitated SEDCO's strategic acquisition of shares from Al-Andalus Schools Company, orchestrating the transition by selling Al-Yusr Schools to the entity.
• Spearheaded negotiations and agreements for the Red Sea Mall Asir Fund with a French Bank, overseeing comprehensive contracting and engineering consulting contracts.
• Managed high-stakes cases involving amounts exceeding 500 million riyals.
• Successfully resolved specialized cases including asset sales, white land fee disputes, zakat, and tax cases.
Responsibilities:
• Responsible for offering comprehensive legal advice to Management, Board Members and functional/department heads, drafting legal documents, and representing the organization in various legal matters.
• Draft and review contracts, agreements and their annexes, ensuring legal compliance and accuracy.
• Participate in legal studies related to the review of all contracts of the company, evaluate and mitigate legal risks, and assure optimum protection of the company’s legal rights while satisfying the market and work requirements.
• Manage the company's legal cases, representing the organization in litigation and negotiation processes.
• Participate in corporate acquisitions & mergers, including due diligence, drafting agreements and negotiating terms.
• Assist in developing company policies, including family charters and guidelines for share sales; work on the guidelines for selling shares in the company and the company’s family charter.
• Handle trademark registration and protection to safeguard the company's intellectual property rights.
• Assist in organizing general assemblies and shareholders' meetings, preparing necessary documentation, and ensuring compliance with legal requirements.
• Provide legal support for commercial transactions, real estate deals, and civil litigation cases.
• Work on issuing endowment certificates for endowment instruments.
• Manage the liquidation process of companies, ensuring compliance with legal procedures and regulations.
Responsibilities:
• Provide legal consulting to clients on major legal issues and problems; explain legal options to clients with regard to their concerns, while bringing possible outcomes to their attention, using knowledge of legal precedents.
• Manage litigation on behalf of clients starting from entering cases before appropriate courts - magistrate, first instance, appellate, and represent clients in court sessions and follow through to issuance of judgments.
• Investigate the case by interviewing and gathering necessary information from the clients and witnesses, and document them for reference while presenting the case in court.
• Present cases to judges and jurors, utilizing strong communication and advocacy skills to effectively represent clients in legal proceedings.
• Evaluate findings, develop strategies, counter allegations, counter answers and arguments, and represent clients in court; summarize the case to clients, judges and juries by highlighting the major points of the case.
• Conduct thorough legal research for a deep understanding of cases, statutes, regulations, and legal precedents.
• Prepare various legal documents, including contracts, agreements, pleadings and other relevant legal paperwork.
• Analyze laws in relation to the specific situations of clients, ensuring legal documents accurately reflect the applicable legal principles.
• Remain up-to-date with changes in the law by conferring with lawmakers, attending legal conferences, and staying informed about legislative developments.
Responsibilities:
• Supported the BoD and AC in various legal, administrative, regulatory, and governance-related tasks.
• Provided legal guidance to the BoD and AC on corporate governance matters, regulatory compliance & legal implications of business decisions; reviewed corporate documents, contracts & policies to ensure legal compliance.
• Rendered secretarial support to the BoD and AC including preparing for meetings, drafting and circulating meeting agendas, preparing minutes of the meeting, and distributing minutes and action points to all members post-meeting.
• Followed up on the extent of the company and employees’ commitment to all legal and regulatory requirements.
• Assisted in the development and maintenance of governance policies, procedures, and best practices in accordance with applicable laws, regulations, and corporate governance guidelines.
• Maintained official records, including meeting minutes, resolutions, bylaws, charters & other corporate documents.
• Monitored compliance with legal and regulatory requirements and implemented necessary changes.
• Collaborated with executive management, legal counsel and other stakeholders to facilitate effective board governance and decision-making processes.
• Coordinated board performance evaluations, collected feedback from members, and assisted in analyzing results.
• Collaborated with management and governance committees to recruit, onboard and develop board members.