THE SAUDI ARABIAN REFINERIES COMPANY (SARCO) ANNOUNCES THAT ITS BOARD OF DIRECTORS HAS ACCEPTED BY THE MAJORITY THE RESIGNATION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, MR. SULAIMAN BIN SAAD AL-HAMEED, A MEMBER OF THE BOARD OF DIRECTORS (NON-EXECUTIVE) FROM HIS MEMBERSHIP IN THE BOARD OF DIRECTORS AND ITS COMMITTEES FOR THE CURRENT SESSION, WHICH BEGAN ON 01/05/2021 AND ENDS ON 30/04/2024 AD, IN THE MINUTES OF THE BOARD OF DIRECTORS ISSUED BY PASSING ON 22/06/1443 AH CORRESPONDING TO 25/01/2022 , PROVIDED THAT THE RESIGNATION IS VALID FROM ITS DATE.
THE MEMBERS OF THE BOARD OF DIRECTORS OF THE SAUDI ARABIAN REFINERIES COMPANY SARCO EXTEND THEIR THANKS AND APPRECIATION TO MR. SULEIMAN BIN SAAD AL-HAMEED FOR HIS EFFORTS IN MANAGING THE COMPANY IN THE PREVIOUS PERIOD, WISHING HIM SUCCESS AND PAYMENT.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Resigned Member Name | SULAIMAN BIN SAAD AL-HAMEED |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2022-01-24 Corresponding to 1443-06-21 |
| Resignation Acceptance Date | 2022-01-25 Corresponding to 1443-06-22 |
| Resignation Effective Date | 2022-01-25 Corresponding to 1443-06-22 |
| Membership Starting Date for the Resigned Member | 2021-05-01 Corresponding to 1442-09-19 |
| Reasons of Resignation | for his own circumstances |