Friday, 2 June 2023

Sipchem appoints Khalid A. Al-Zamil as BOD Chairman ‎

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Sahara International Petrochemical Company (Sipchem) is pleased to announce to its Shareholders that its Board of Directors, which was elected during the 24th Ordinary General Assembly Meeting held on Wednesday 30 November 2022 for a three-year term that starts on 10th December 2022 and will end on 09th December 2025, issued the following resolutions on 12th December 2022.

First: Mr. Khalid A. Al-Zamil as Chairman of the Board (Non-Executive)

Second: Mr. Fahad S. Al-Rajhi as Vice Chairman (Non-Executive).

Third: Formation of the Nomination and Remuneration Committee of the following members:

  1. Mr. Saeed A. Basmah – (Board Member Non-Executive)
  2. Mr. Ziad A. Al-Turki – (Board Member – Independent)
  3. Mr. Ahmad A. Al- Dakheel (Board Member – Independent)
  4. Mr. Feras M. Al- Abad (Board Member Non-Executive)

Fourth: Formation of the Executive Committee of the following members:

  1. Mr. Fahad S. Al-Rajhi (Board Member Non-Executive)
  2. Mr. Saeed O. Al-Esayi (Board Member – Independent)

3.Eng.Abdullah K. Al- Buainain (BoardMember – Independent)

4.Eng. Musaed S. Al- Ohaly (Board Member Non-Executive)

  1. Eng. Reyadh S. Ahmed (Board Member Non-Executive)

Fifth: Formation of the Governance Committee of the following members:

  1. Mr. Abdulaziz A. Bin dayl.( member from outside the Board)
  2. Mr. Turki M. Al- Marzoq .( member from outside the Board)
  3. Mr.Faissal M. Al- Modlij .(member from outside the Board)

A secretary of the Board of Directors has also been appointed Mr. Fahad M. Al-Ohaly

Also, Sipchem Board has appointed representatives of the company for the Capital Market Authority (CMA) and the Saudi Tadawul Group (Tadawul) the Securities Depository Center Company (Edaa)

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