On Thursday 1 June 2017, BAB called for a meeting between the CEO Dr Waheed Al Qassim and the Chairmen of BAB’s nine Permanent Committees to discuss the purpose of the governance of the committee. The CEO announced the importance to these committees to strategically develop the financial sector. The Permanent Committees are Anti-Money Laundering and Compliance Committee; Banking Products Development; Digitalization and Cyber Security Committee; HR and Remuneration Committee; International Standards Committee; Islamic Banking Committee; Legal and Regulatory Framework Committee; Risk Management Committees; Sustainable Development Committee. The Second Meeting was held on 9 July 2017. During the meeting the chairpersons briefed BAB management about their future committee plans.