| Element List | Explanation |
|---|---|
| Introduction | The Saudi Arabian Refineries Company (SARCO) announces the acceptance of the resignation of the Chairman of the Audit Committee, Mr. Meshaal Abdul Rahman Al-Oqla from the Audit Committee, and the appointment of Mr. Abdulaziz Abdul Mohsen Al-Bakr and Mr. Nael Samir Fayez as additional members of the Audit Committee and a change in the composition of the chairmanship of the Committee. |
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Mr. Meshaal Abdul Rahman Al-Oqla |
| Resignation Submission Date | 2025-01-02 Corresponding to 1446-07-02 |
| Resignation Effective Date | 2025-01-02 Corresponding to 1446-07-02 |
| Reasons for Resignation | Special Circumstances |
| Resigning Member Start Date | 2024-01-25 Corresponding to 1445-07-13 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdul Aziz Abdul Mohsen Al baker |
| Membership Start Date | 2025-01-02 Corresponding to 1446-07-02 |
| Brief Resume of the Appointed Member | He holds an MBA at Kingston University / London in 2018 and a Master of the Sloan Program in Leadership and Strategy Sloan Program in Leadership and Strategy in 2022. He is the Executive Director of Digital Path Consulting from 2023 until now. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Nael Samir Fayez |
| Membership Start Date | 2025-01-02 Corresponding to 1446-07-02 |
| Brief Resume of the Appointed Member | He holds an Executive Master of Business Administration from the University of Aspen in 2007, in addition to being CEO of a number of companies and membership in the boards of joint stock companies. |
| 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 | 2025-01-02 Corresponding to 1446-07-02 |
| Additional Information | The composition of the Committee shall be as follows: –
Mr. Abdulaziz Abdulmohsen Al-Bakr – Chairman of the Audit Committee (Board Member – Independent) Mr. Nael Samir Fayez – (Board Member – Independent) Mr. Khaled Mohammed Al-Henaki – (Board Member – Independent) Mr. Osama Suleiman Al-Sudais – (Member from outside the Board) |
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