Saudi Basic Industries Corp. — Board/Management Information 2024

Dec 1, 2024

Saudi Basic Industries Corporation (SABIC) announces the opening of the nomination period for the board of directors’ membership for the next term

2010 · 01/12/2024 09:00:23 · Announcement #83934 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) announces the opening of the nomination period for the board of directors’ membership for the next term

Element List	Explanation
Introduction	Saudi Basic Industries Corporation (SABIC) is pleased to announce that it has open the nomination for Board Membership for the next term which will start on 10th of April 2025 and end on 9th of April 2028.

The nomination for the Board Membership for the next term, will be in accordance with the provisions of the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to attached Board Membership Policy approved by the Ordinary General Assembly, application must be submitted within the period set out in the announcement. Candidates will be nominated at the next General Assembly Meeting, which will be announced later.Type of AssemblyNew SessionTerm Start Date2025-04-10Term End Date2028-04-09Number of members9Nomination Start Date2024-12-01 Corresponding to 1446-05-29Nomination End Date2025-01-01 Corresponding to 1446-07-01Applications Submission MethodApplication for nominating/candidacy must be submitted during the official working hours of the Company, from 7:30 am to 4:00 pm, and before the Nomination End Date, by sending it to one of the following addresses:

Saudi Basic Industries Corporation (SABIC)

Remuneration and Nomination Committee

1. Post Address:

• P.O. Box 5101

• Riyadh 11422

2. National Address (Wasel):

• Saudi Basic Industries Corporation (SABIC)

• Building No.: 6575 – Airport branch rd-Qurtubah.

• Unit No.: 1

• RIYADH 13244 – 2871

• Kingdom of Saudi Arabia

3. E-mail:

• boardn@sabic.comPolicy and criteria of nominationAttachedAttachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi ExchangeAttached Documents  

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.