Saudi Basic Industries Corp. — Board/Management Information 2022

Sep 28, 2022

Saudi Basic Industries Corporation (SABIC) Announces Resignation of a Board Member

2010 · 28/09/2022 15:46:41 · Announcement #70300 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) Announces Resignation of a Board Member

Element List	Explanation
Introduction	Saudi Basic Industries Corporation (SABIC) announces resignation of the Vice Chairman, H.E. Yousef Abdullah Al-Benyan, in light of the Royal Decree No. (A/62) dated 27 September 2022 (01 Rabie Alawwal 1444H) appointing his Excellency as the Minister of Education.

Accordingly, SABIC would like to announce the approval of the Board of Directors of the resignation of H.E. Yousef Abdullah Al-Benyan (Executive Member) from the membership of the Board and the Board Committees effective 28 September 2022 (02 Rabie Alawwal 1444H).

In this occasion, SABIC Board of Directors extends its sincere thanks and appreciation to H.E. Mr. Yousef Abdullah Al-Benyan for his remarkable efforts which enabled the Company to grow to be a global leader in the Petrochemicals industry.

Element List	Explanation
Resigned Member Name	H.E. Yousef Abdullah Al-Benyan
Membership Type	Executive
Resignation Submission Date	2022-09-28 Corresponding to 1444-03-02
Resignation Acceptance Date	2022-09-28 Corresponding to 1444-03-02
Resignation Effective Date	2022-09-28 Corresponding to 1444-03-02
Membership Starting Date for the Resigned Member	2022-04-10 Corresponding to 1443-09-09
Reasons of Resignation	Appointment of H.E. Yousef Abdullah Al-Benyan, as the Minister of Education

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.