Arabian Pipes Co. — Board/Management Information 2021

May 26, 2021

Arabian Pipes Co. Announces the appointment of the Chairman and Vice President of the Board of Directors and the formation of the Board Committees for its new session

2200 · 26/05/2021 15:49:50 · Announcement #63555 · View on Saudi Exchange

Arabian Pipes Co. Announces the appointment of the Chairman and Vice President of the Board of Directors and the formation of the Board Committees for its new session

Element List	Explanation
Announcement Detail	With reference to the Ordinary General Assembly meeting held on Tuesday 15/09/1442 corresponding to 27/04/2021, in which the members of the Board of Directors of Arabian Pipes Company were elected for its the next term which will start from 22/05/2021 for three years and ends on 21-05-2024.

Arabian Pipes Company announces the Board of Director's decision to appoint the Chairman and Vice-Chairman, formation of the committees, appoints the Company’s representatives at the Capital Market Authority & Tadawul, and the Board Secretary, as follows:

Firstly: Electing the Chairman, Vice Chairman, as follows:

1- Mr. Youssef Bin Saleh Abba al-Khayal. Chairman of the Board of Directors

2- Mr. Khalid bin Abdullah Abunayyan. Vice-Chairman.

3- Mr. Albara Abdullah Saleh Al-Salamah. Secretary of the Board of Directors.

Secondly: The Board approved the formation of the following committees:

1)Executive Committee.

2)Remuneration and Nominations Committee.

3)Governance Committee.

4)Audit committee for the new session, This will be presented in the next ordinary general assembly for approval after obtaining needed approvals, the committee works will begins from the date of its approval by the ordinary general assembly until the session ends on 21 / 05/2024 with the previously approved tasks and authorization, and the names of the members are as follows:

1.Mr. Saad bin Falah Al-Qahtani -Independent (Chairman of the Committee).

2.Mr Abdullah bin Mohammed Al-Harbi (Non-executive, Board member).

3.Saleh Al Yahya (member from outside the council)

4.Khaled Al-Tarifi (member from outside the council)

Third: Representatives of the company have been appointed to represent the company at the Capital Market Authority and the Saudi Stock Exchange Company (Tadawul) for all purposes related to comply with CMA regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.