Petro Rabigh Appoints Ibrahim Q. Al-Buainain as Chairman and Noriaki Takeshita as Vice Chairman

Rabigh Refining and Petrochemical Company (Petro Rabigh) announced on Thursday the appointment of Ibrahim Q. Al-Buainain as Chairman of the Board of Directors and Noriaki Takeshita as Vice Chairman. The Board also decided on the formation of sub-committees, appointed the Board Secretary, and named the company’s representatives to the Capital Market Authority.

According to the company’s statement on Tadawul, the appointments were as follows:

1. Appointing Eng. Ibrahim Q. Al-Buainain as Chairman of the Board of Directors of the Company.

2. Appointing Mr. Noriaki Takeshita as Vice Chairman of the Board of Directors of the Company.

3. Continuation of Eng. Othman A. Al-Ghamdi in his position (President and CEO)

4. Appointing Mr. Jairo Castillo as Secretary of the Board of Directors of the Company

5. Forming the Audit Committee and appointing its Chairman, as follows:

– Mr. Motassim A. Al-Maashouq (Chairman)

– Mr. Noriaki Takeshita (Member)

– Eng. Hussain A. Al-Qahtani (Member)

– Eng. Mohammed A. Al-Omair (Member)

6. Forming the Remuneration and Nominations Committee and appointing its Chairman, as follows:

– H.E. Dr. Khalid S. Al-Sultan (Chairman)

– Eng. Hussain A. Al-Qahtani (Member)

– Eng. Seiji Takeuchi (Member)

7. Forming the Marketing Steering Committee and appointing its Chairman, as follows:

– Eng. Mohammed A. Al-Omair (Chairman)

– Eng. Othman A. Al-Ghamdi (Member)

– Mr. Tetsuo Takahashi (Member)

8. Forming the Executive Committee and appointing its Chairman, as follows:

– Eng. Ibrahim Q. Al-Buainain (Chairman)

– Eng. Seiji Takeuchi (Member)

– Mr. Motassim A. Al-Maashouq (Member)

9. Appointing representatives of the company for all purposes related to the implementation of the rules and regulations of the Capital Market Authority, as follows:

– Eng. Othman A. Al-Ghamdi (President & CEO)

– Mr. Khamil A. Al-Ghanmi (Manager, Corporate Affairs & Investor Relations Department)