Saudi Arabia Refineries Co. — Board/Management Information 2021

May 4, 2021

Saudi Arabian Refineries Company (SARCO) announces the appointment of the chairman and his deputy, the executive management, and the formation of the board committees for the new session

2030 · 04/05/2021 08:02:31 · Announcement #63215 · View on Saudi Exchange

Saudi Arabian Refineries Company (SARCO) announces the appointment of the chairman and his deputy, the executive management, and the formation of the board committees for the new session

Element List	Explanation
Announcement Detail	Announcement Detail Referring to the results of the company's fiftieth ordinary general assembly meeting, which were announced in (Tadawul Al-Saudi Arabia) on 22/04/2021 AD, which includes approval of the election of the Board of Directors for the new session that begins on 01/05/2021 and ends on 04/04/2024 for three years.

Accordingly, the members of the Board of Directors meet on Sunday 20/09/1442 AH corresponding to 02/05/2021 and deliberated on the formation of the members of the Board, and the decisions were signed on Monday 09/21/1442 AH corresponding to 03/05/2021 according to the following:

First: Electing the Chairman and Vice President of the Board of Directors as follows: -

1. Appointment of Professor / Suleiman bin Saad Al-Hamid (non-executive) as Chairman of the Board of Directors

2. The appointment of Eng. Iyad bin Muhammad Shaikh (Independent) as Vice Chairman of the Board of Directors.

Second: Appointing Eng. Hattan Bin Hamid Al-Shanbari (Executive) as the Managing Director

Third: Appointing Professor / Fahad Abdulrahman Al-Moaikel (Executive), the Executive Director of the Department.

Fourth: Approval of the formation of the Investment Committee for the new session, which begins its work on 01/05/2021 for a period of three years, and ends on 04/30/2024 , and to appoint the following members:

Mr. Maqid Bin Ibrahim Al-Otaibi - Independent (Chairman of the Committee)

Prince / Mohammed bin Khalid bin Turki Al Saud - Independent (Member)

Engineer / Iyad bin Mohammed Sheikh - Independent (Member)

• Professor / Fahd bin Abdulrahman Al-Moaikel - Executive (Member)

Mr. Yasser Bin Sulaiman Al-Aqeel - Independent (Member)

Fifth: Approval of the formation of the Nomination and Remuneration Committee for the new session, which begins its work on 01/05/2021 for a period of three years, and ends on 04/30/2024 , and to appoint the following members, their names:

Prince / Mohammed bin Khalid bin Turki Al Saud - Independent (Chairman of the Committee)

Dr. Ali Bin Saleh Khebti - Non-Executive (Member)

Mr. Maqid Bin Ibrahim Al-Otaibi - Independent (Member)

Sixth: Approval of the formation of the review committee for the new session, which begins its work on 01/05/2021 for a period of three years, and ends on 30/04/2024 with the tasks and powers previously approved, and to appoint the following members, their names:

• Mr. Yasser Bin Sulaiman Al-Aqeel - Independent (Chairman of the Committee).

• Professor / Khalid bin Abdulaziz Al Hoshan (a member from outside the Board).

• Mr. Bassem bin Adnan Abu Al-Faraj (member from outside the council)

And submitting it to the upcoming (fifty-one) ordinary general assembly for approval after obtaining approval from the competent authorities for its convening.

Seventh: Representatives of the company have been appointed to the Capital Market Authority and the Saudi Stock Exchange Company (Tadawul) for all purposes related to the application of the financial market system and its implementing regulations, and the appointment of a secretary of the board of directors.

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.