Riyad Bank announced at its the ordinary general assembly meeting held on December 26, 2016, approved the formation of Audit Committee and approved its terms of reference, which cover committee responsibilities, guidelines, rules, and its members remuneration for the three years term commenced at October 31, 2016 to October 30, 2019. The appointed audit committee members are Jamal Abdul-Karim Al-Rammah, Mohammad Omair Al-Otaibi, AbdulRaouf Sulaiman Banaja, Abdul Aziz Abdullah Al-Duailej and Abdullah AbdulLatif Al-Saif.