Sipchem announces resignation and appointment of Audit ‎Committee Members

Sahara International Petrochemical Company (Sipchem) announces the decision of its Board of Directors dated December 22, 2022, which includes accepting the resignation of Mr. Ayed bin Muhammad Al-Qarni (a member from outside the Board of Directors) from the Audit Committee and appointing Eng. Mahmoud Saleh Al-Theeb (a member from outside the Board of Directors). The Board expressed its sincere thanks and appreciation to Mr. Ayed bin Muhammad Al-Qarni for his efforts, contributions, and great cooperation through his participation in the work of the Audit Committee, and wishing him continued success.

It is worth to mention that Eng. Mahmoud Saleh Al-Theeb has a bachelor’s degree in chemical engineering from King Fahad University of Petroleum & Minerals (KFUPM). He held several leadership positions with more than 20 years of experience in joint stock companies.

Board approval may not be deemed, final appointment shall be put before the first General Assembly Meeting for approval.