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Hajj Finance Audit Committee reviews branch financial reports in closed session

What did Hajj Finance’s leadership uncover in its latest audit? The committee’s closed-door review raises questions about financial accountability and oversight.

The image shows the logo of the Saudi Arabia Bank of Saudi Arabia, which consists of a white...
The image shows the logo of the Saudi Arabia Bank of Saudi Arabia, which consists of a white background with a tree in the center and the text "Saudi Arabia Bank" written in Arabic.

Hajj Finance Audit Committee reviews branch financial reports in closed session

Hajj Finance Company Limited’s Audit Committee convened on Wednesday to scrutinize branch audit reports. The session, led by committee chairman AAM Habibur Rahman and attended by key directors Md Saeed Ahmed and Mohammad Sabri bin Jahia, along with senior management, resulted in decisions on financial oversight matters.

The meeting examined audit reports from various branches. While multiple decisions were made, the specifics regarding the evaluation of branch financial statements remain undisclosed.

The Audit Committee’s review encompassed branch-level financial assessments, with detailed findings kept confidential. The company has not divulged further information on the decisions taken during the meeting.

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