ContextualIntroduction: Regulatory Information The Northern Trust Company of Saudi Arabia

SectionTitle: Financial Reporting

Audited Financial Statements

Pillar III

Board of Directors Report (2018)

Board of Directors Report (2017)

SectionTitle: Authorisation (License) and Commencement of Business Date

The Company operates in the Kingdom of Saudi Arabia under Commercial Registration No. 1010366439 issued on 22/04/1434H (corresponding to 04/03/2013G) by the Saudi Arabian Ministry of Commerce and Industry.

SectionTitle: Licensed Securities Business

Custody, Advisory, Investment Fund Management and Discretionary Portfolio Management

Licensed by the Capital Market Authority – License No. 12163-26 – C.R: 1010366439.

SectionTitle: Paid-up Capital

Capital of SAR 52 million.

SectionTitle: Products and Services

Northern Trust Corporation is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.

The Northern Trust Company of Saudi Arabia provides global custody, asset management and advisory services to clients in the Kingdom of Saudi Arabia.

SectionTitle: Direct Controllers

TNTCoSA’s founding shareholders are wholly owned subsidiaries of the Northern Trust Corporation. The Registered office of the company is located in Riyadh.

Direct Controller Ownership and Structure

SectionTitle: Organisation Structure

Organisation Structure

SectionTitle: Senior Executives

Michael Slater (2005 – Present)
Senior Vice President – Northern Trust

Michael Slater is chief executive of The Northern Trust Company of Saudi Arabia and director of business development for Corporate and Institutional Services in the Middle East. Michael is based in Riyadh and has worked in the Middle East since 1996.

Michael has twenty four years of industry experience within asset servicing. Michael holds a B.S. degree in Economics and Finance from Lipscomb University, Nashville TN. Michael also holds a certified financial planning certificate from Florida State University.

Effat Saeed Badeeb (2016 – Present)
Vice President – Northern Trust

Ms. Effat Badeeb is Chief Compliance and MLRO of The Northern Trust Company of Saudi Arabia. Effat is based in Riyadh and has worked in compliance since 2006.

Effat has twelve years of industry experience within Compliance and MLRO in Saudi Arabia. Effat holds a Bachelor’s degree in Sociology from the King Abdulaziz University as well as CME 1 & 2 – Advanced Compliance Certificate – Advanced AML Certificate –International Diploma in Compliance with ICA.

Rasha Alkhaldi (2019 – Present)
Vice President – Northern Trust

She joins TNTCoSA from Mulkia Investment, where she served as CFO and COO. She graduated from King Saud University with a degree in Accounting and later went on to complete an MBA at Murray State University. She has a wealth of experience, including over 14 years within financial services in the region, and many certifications such as Financial Accounting, CME1 and Custody.

Rasha joined Northern Trust effective Sunday 7 July 2019 and will be based in the Riyadh office responsible for all Middle Eastern finance activity for TNTCoSA and the Abu Dhabi branch.

SectionTitle: Main Office Address and Contacts Information

Nakheel Tower, Floor No. 11, King Fahad Road, PO Box 10175, Riyadh 11433, Saudi Arabia.
Telephone: +9 661-1418-8694.

Michael Slater, Senior Vice President
Telephone: +9 665-0694-6567
Email: ms163@ntrs.com.

SectionTitle: Clients Complaints

Effat Badeeb, Vice President
Telephone: +9 661-1418-8698
Email: esb5@ntrs.com.