News & Announcements

PETRO RABIGH

20 February, 2024 15:39

Rabigh Refining and Petrochemical Co. (Petro Rabigh) Announces Resignation and Appointment of a Board Member

Element List	Explanation
Introduction	Rabigh Refining and Petrochemical Company (Petro Rabigh) announces that the company’s Board of Directors member, Eng. Suleman A. Al-Bargan, submitted his resignation from membership in the Board of Directors, the Audit Committee, and the Nominations and Remuneration Committee, on 21/1/2024. The company's Board of Directors extends its thanks and appreciation to Eng. Suleman A. Al-Bargan for his efforts to improve the company's performance and preserve its gains during his tenure and wish him success. The Board of Directors also approved the appointment of Eng. Hussain A. Al-Qahtani as a member of the Board of Directors and a member of the Audit Committee, and the Nominations and Remuneration Committee, effective 01/03/2024.

Element List

Explanation

Introduction

Rabigh Refining and Petrochemical Company (Petro Rabigh) announces that the company’s Board of Directors member, Eng. Suleman A. Al-Bargan, submitted his resignation from membership in the Board of Directors, the Audit Committee, and the Nominations and Remuneration Committee, on 21/1/2024. The company's Board of Directors extends its thanks and appreciation to Eng. Suleman A. Al-Bargan for his efforts to improve the company's performance and preserve its gains during his tenure and wish him success. The Board of Directors also approved the appointment of Eng. Hussain A. Al-Qahtani as a member of the Board of Directors and a member of the Audit Committee, and the Nominations and Remuneration Committee, effective 01/03/2024.

Element List	Explanation
Resigned Member Name	Eng. Suleman A. Al-Bargan
Membership Type	Non- Executive
Resignation Submission Date	2024-01-21 Corresponding to 1445-07-09
Resignation Effective Date	2024-02-29 Corresponding to 1445-08-19
Membership Starting Date for the Resigned Member	2021-11-03 Corresponding to 1443-03-28
Reasons of Resignation	special circumstances

Element List	Explanation
Appointed Member Name	Eng. Hussain A. Al-Qahtani
Membership Type	Non- Executive
Membership Start Date	2024-03-01 Corresponding to 1445-08-20
Brief Resume of the Appointed Member	Eng. Hussain A. Al-Qahtani serves as Saudi Aramco Downstream’s senior vice president of Fuels. He has more than 34 years of experience with Saudi Aramco. He was Director and CEO of S-Oil Corporation in the Republic of Korea after serving as president and CEO of the Saudi Aramco Shell Refinery Corporation (SASREF) from November of 2016 to May of 2019. He successfully managed an extensive portfolio of Saudi Aramco’s domestic refinery and petrochemical joint venture companies after leading Saudi Aramco’s Process Engineering & Control Systems function. He sits on the Boards of the Saudi Aramco Total Refining & Petrochemical Company (SATORP) located in Jubail and Motiva Enterprises headquartered in Houston, Texas. He also obtained a bachelor’s degree in chemical engineering from King Fahd University of Petroleum and Minerals and completed the Executive Leadership Program at the IMD Business School Lausanne, Switzerland.
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	2024-02-15 Corresponding to 1445-08-05
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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