Nawaf Alajmi

- Developing an Enterprise wide risk management system and ensure that this system is functional and working to safe guard company assets (including deducing risk tolerance levels and appetite).

- Promote ethical conduct and compliance with rules, regulations and standard processes that govern how the E&P companies should conduct business. Develop and work on Compliance systems and ensure that this system is functioning correctly.

- Ensuring the integrity of the firm’s accounting and financial reporting systems, including the independent audit and that appropriate controls are in place, in particular, systems for risk management, financial and operational control, and compliance with the law and relevant standards.

- Functionally acting as Head of the Department organizing and developing key deliverables for the organization

- Established for the first time in Kuwait Energy a companywide Enterprise wide risk management system, working closely with the Board of Directors and reporting directly to the Boards Audit and Risk Committee.

- To lead in the study potential large-scale purchasing opportunities, keeping an eye out for any problems, coordinating solutions and ensuring an acquisition complies with applicable laws and procedures. Running Economics and conducting feasibility studies, creating NDA’s and Information Memorandums as well as financial due diligence. Responsible for all economic and financial analysis on any potential divestment or acquisition.

- Completed the divestment of assets in excess of USD 250 million

- Completed the Acquisition of assets in excess of USD 125 million