Saudi Steel Pipe Announces Calling Candidature for Board Members Elections

Saudi Steel Pipe Company announces the opening of the Board of Directors nomination process for the next term starting on 07/06/2022 until 06/06/2025. The nomination process will be open from today until 12/4/2022. The new members of the Board will be elected for the new term at the next General Assembly meeting, the date of which will be announced at a later date and after obtaining necessary approvals from the authorities.

The nomination shall be made in accordance with the conditions set forth in the Companies Regulations, the Capital Market Authority (CMA) Regulations and its Implementing Regulations, the Company bylaws and the “Policies, Standards and Procedures of the Board of Directors” of Company approved by the General Assembly.

Application of candidate must be submitted during Company working hours from 7:00 am to 4:00 pm, and before the Application End Date, by directing it to “Remuneration & Nomination Committee” to one of the following addresses:

1. SSP Head Office: Dammam 2nd industrial City – St 39

https://goo.gl/maps/b6adeDbTgNv

2. Registered Mail:

Saudi Steel Pipe Company

P.O. Box 11680, Dammam 31463

3. Email: ssp-investors@tenaris.com

Application Requirements:

First:

Submit the following forms:

a. Complete and sign Nomination Request Form (attached)

b. Complete Form (1) C.V. (attached)

c. Complete and sign Form (3) issued by the CMA for Board Membership Nomination. (attached)

Second:

Submit a statement including the number and dates of memberships in the board of directors of any joint stock company (both listed and unlisted) and the committees to which the candidate participated or in which he or she is still a member.

Third:

Submit a statement including companies or entities that the candidate manages or owns, and which are engaged in business related to the Company’s business.

Fourth:

The candidate shall disclose any cases of conflict of interest – in accordance with the CMA Regulations- including:

a. The existence of a direct or indirect interest in the business and contracts made for the Company’s account.

b. Participating in a business that may compete with the Company or any of its activities.

Fifth:

If the candidate has previously been a member of the board of directors of any listed company, including Company and wishes to re-nominate himself, he or she shall submit a statement on the last term in which he or she was a member of the Board provided that the statement contains the following information:

a. Number of Board meetings held during each year of the term.

b. Number of Board meetings attended by the member, and the percentage of attendance of all meetings.

c. The committees in which the member participated, the number of meetings held by each of these committees for each year of each term, the number of meetings attended and the percentage of his attendance to the total number of meetings.

d. Summary of the financial results achieved by the company during each year of the term.

The Remuneration and Nomination Committee will consider and study the candidates’ applications received during the nomination period which meet the above requirements.