Advanced Petrochemical appoints Khalif Al-Mulhem as Chairman of BOD, Waleed Al-Jaafari as Chairman

Advanced Petrochemical Company announced on Wednesday the resolutions of the Board of Directors and the Audit Committee dated 04/10/2022 of appointing the Board chairman, vice-chairman, Audit Committee Chairman and forming committees as follows:
First: The Board of Directors resolved the following:
1. Appointment of Mr. Khalif Bin Abdullatif Bin Abdullah Al-Mulhem (Non-Executive Director) as the Chairman of the Board of Directors
2. Appointment of Mr. Waleed Bin Mohammed Bin Abdullah Al-Jaafari (Non-Executive Director) as the Vice Chairman of the Board of Directors
3. Formation of the Remuneration and Nomination Committee from the following members:
1) Bader Bin Osama Bin Hassen Jawher (Independent Director) Chairman of the Committee
2) Khalifa Bin Abdullatif Bin Abdullah Al-Mulhem (Non-Executive Director)
3) Waleed Bin Mohammed Bin Abdullah Al-Jaafari (Non-Executive Director)
4) Abdulaziz Bin Abdullah Bin Abdulaziz Al-Molhem (Non-Executive Director)
4. Appointment of the secretary to the Board of Directors, as well as appointing the company’s representatives before the Capital Market Authority, the Saudi Tadawul Group (Tadawul) and the Securities Depository Center Company (Edaa).
Second: The Audit Committee resolved to elect Mr. Abdullah Abdul Rahman Bu Ali (Member from outside the Board of Directors) as the Chairman of the Audit Committee, which the Ordinary General Assembly, in its 17th meeting approved the appointment of the following members of the Audit Committee:
1) Abdullah Abdul Rahman Bu Ali (Member from outside the Board of Directors
2) Waleed Bin Mohammed Bin Abdullah Al-Jaafari (Non-Executive Director)
3) Abdulsalam Bin Mazro Bin Abdullah Al-Mazro (Independent Director)
4) Abdulaziz Bin Abdullah Bin Abdulaziz Al-Mulhem (Non-Executive Director)
The term of the Audit Committee begins on October 01, 2022 for a period of three years and ends on September 30, 2025