Tadawul -
Element List Explanation
Introduction Saudi Kayan Petrochemical Company would like to clarify the resolution of its Board of Directors approved on March 26, 2024, regarding the formation of the Audit Committee, which has commenced effectived from the Board of Directors' session, which began its duties on March 21, 2024, for a period of three years, ending on March 19, 2027.
The Board of Directors approved the formation of the Audit Committee as follows:
1) Eng. Osama Abdullatif Bashaikh (Chairman of the Audit Committee – Independent Board Member)
2) Eng. Majed Abdulelah Nouraddin (Audit Committee Member – Non-Executive Board Member)
3) Dr. Ahmed Sirag Khogeer (Audit Committee Member – Independent Board Member)
4) Mr. Ayed Habib Al-Haider (Audit Committee Member – Non-Board Member)
Element List Explanation
Appointed Member Name Eng. Osama Abdullatif Bashaikh
Membership Start Date 2024-03-21 Corresponding to 1445-09-11
Brief Resume of the Appointed Member Current Position: Freelance Consultant
Education
• Bachelor’s in Chemical Engineering
Experience:
• CEO of Yanbu National Petrochemical Company (YANSAB).
• Executive Head of Mega Project (Vice President of Oil to Chemical Project-OTC).
• CEO of Saudi Yanbu Petrochemical Company (YANPET).
Current membership in the board and committees:
• Board Member - The Saudi Kayan Petrochemical Co.
• Chair Of the audit committee - The Saudi Kayan Petrochemical Co.
The date of the approval by other official authorities N/A
Element List Explanation
Appointed Member Name Eng. Majed Abdulelah Nouraddin
Membership Start Date 2024-03-21 Corresponding to 1445-09-11
Brief Resume of the Appointed Member Current Position:
Vice President, Group Treasury (SABIC).
Education:
• Executive MBA.
• Master’s in Engineering, Construction Engineering & Management.
• Bachelor’s degree in Industrial Engineering.
Experience:
• Vice President, Enterprise Performance Management.
• Vice President, Strategic Growth Assurance.
• Other positions within SABIC including General Manager, Economics & Business Support for Corporate Manufacturing, Chemical SBU, Performance Chemical SBU and Agri-Nutrients SBU (2013-2018), YANSAB CFO and Treasurer.
Current membership in the board and committees:
• Saudi Kayan petrochemical Company (SAUDI KAYAN), listed Joint Stock Company, member of the Board and Audit Committee (Non-Executive), KSA.
• SABIC Agri-Nutrients Company, listed Joint Stock Company, member of Audit Committee, KSA.
• Saudi Yanbu Petrochemical Company (YANPET), a limited liability company, member of the Board and Audit Committee, KSA.
• Al-Jubail Petrochemical Company (KEMYA), a limited liability company, member of the Board and Audit Committee, KSA.
The date of the approval by other official authorities N/A
Element List Explanation
Appointed Member Name Dr. Ahmed Sirag Khogeer
Membership Start Date 2024-03-21 Corresponding to 1445-09-11
Brief Resume of the Appointed Member Current Position:
• Independent Board Member in several publicly listed companies.
• Chair, Fellows Council, American Institute of Chemical Engineers AIChE.
Education:
• PhD in Chemical Engineering.
• MBA and Advanced Finance Certificate.
Experience:
• 30 years at Saudi Aramco, including roles in Refining, R&D, and Project Management.
• Founder, King Abdullah University of Science & Technology (KAUST).
• Founder, YASREF refinery project.
• Led several Mega projects with Aramco-KAUST including Thuwal city development, Housing, Aramco advanced research center project.
• Specialized in Petroleum Fluid Catalytic Cracking.
• Granted Fellowship in Chemical Engineering from AIChE.
Current membership in the board and committees:
In the Kingdom:
• Arab Sea Information System (listed company)
• East Asia Agriculture Dev& Inv co. (Closed joint stock company).
• Saudi Kayan petrochemical Company (SAUDI KAYAN), listed Joint Stock Company, member of the Board and member of the Audit and Risk Committees.
Abroad:
• Chairman, Fellows Council, American Institute of Chemical Engineers AIChE.
The date of the approval by other official authorities N/A
Element List Explanation
Appointed Member Name Mr. Ayed Habib Al-Haider
Membership Start Date 2024-03-21 Corresponding to 1445-09-11
Brief Resume of the Appointed Member Current Position:
General Manager, Finance (SABIC Agri-Nutrients).
Education:
• Bachelor’s degree in Accounting.
• Certified Public Accountant (CPA).
• Certified Management Accountant (CMA).
Experience:
• Director of Global Financial Accounting and Reporting at SABIC.
• Director of Finance and Business Planning at Saudi Kayan.
Current membership in the board and committees:
• Saudi Kayan petrochemical Company (SAUDI KAYAN), listed Joint Stock Company, Audit Committee member.
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 2024-03-26 Corresponding to 1445-09-16