Saudi Basic Industries Corp. — Board/Management Information 2024

Feb 27, 2024

Saudi Basic Industries Corporation (SABIC) announces resignation and appointment of an audit committee Member

2010 · 27/02/2024 15:52:53 · Announcement #78423 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) announces resignation and appointment of an audit committee Member

Element List	Explanation
Introduction	The Saudi Basic Industries Corporation (SABIC) announces that the Board of Directors resolved, in its meeting of 27 February 2024, to approve acceptance of resignation of Mr. Stephan Van Santbrink

(Non-Director Outside Member) from the Audit Committee for personal reasons. The resignation becomes effective as of 27 February 2024.

The Board of Directors also approved, at the same meeting, appointment of Mr. Ralph Wetzels, (Non-Director Outside Member), to the Audit Committee’s vacant seat as of 28 February 2024, provided his appointment is submitted to the next General Assembly to approve it. The member shall complete the remaining period of the current Committee term that expires on 9 April 2025.

The Board of Directors extends sincere thanks and appreciation to Mr. Stephan Van Santbrink for the efforts and contribution he put during his tenure with the Committee, while it wishes all success to Mr. Ralph Wetzels.

Element List	Explanation
Name of Resigning Member	Mr. Stephan Van Santbrink
Resignation Submission Date	2024-02-21 Corresponding to 1445-08-11
Resignation Effective Date	2024-02-27 Corresponding to 1445-08-17
Reasons for Resignation	Personal Reasons
Resigning Member Start Date	2022-04-10 Corresponding to 1443-09-09

Element List	Explanation
Appointed Member Name	Mr. Ralph Wetzels
Membership Start Date	2024-02-28 Corresponding to 1445-08-18
Brief Resume of the Appointed Member	Mr. Ralph Wetzels holds a Bachelor in Business Administration, Master in Finance Economics, and Master in Tax Law. He currently assume the position of Senior Vice President of Downstream Finance at Saudi Aramco. He previously assumed several positions at the Royal Dutch Shell.
The date of the approval by other official authorities	N/A

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2024-02-27 Corresponding to 1445-08-17
Additional Information	The approval of the Board is not final, and this appointment will be present to the first meeting of the General Assembly for approval.
Attached Documents

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