| Element List | Explanation |
|---|---|
| Introduction | Saudi Aramco Base Oil Company - Luberef (the “Company”) announces that two Members of the Board of Directors submitted their resignations on 28/10/1447H (corresponding to 16/04/2026G) from the Board and Committees’ membership, as follows: 1. Abdulatif S. Al-Shami (Vice Chairman of the Board, Board Audit Committee Member and Remuneration and Nomination Committee Member) 2. Andrew S. Katz (Board Member and Remuneration and Nomination Committee Member) The Board of Directors of the Company extends its gratitude and appreciation to them for their tenure and contributions to the Company. The Board of Directors have also resolved to appoint two Members to the Board and its Committees, whose names are listed below, to complete the current Board’s term which ends on 14/08/2027G: 1. Abdullah S. Al-Suwailem (Vice Chairman of the Board and Remuneration and Nomination Committee Member) 2. Ahmad S. Al-Kudmani (Board Member, Board Audit Committee Member and Remuneration and Nomination Committee Member) |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Abdulatif S. Al-Shami |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-04-16 Corresponding to 1447-10-28 |
| Resignation Effective Date | 2026-04-16 Corresponding to 1447-10-28 |
| Membership Starting Date for the Resigned Member | 2022-08-14 Corresponding to 1444-01-16 |
| Reasons of Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Andrew S. Katz |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-04-16 Corresponding to 1447-10-28 |
| Resignation Effective Date | 2026-04-18 Corresponding to 1447-11-01 |
| Membership Starting Date for the Resigned Member | 2022-08-14 Corresponding to 1444-01-16 |
| Reasons of Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdullah S. Al-Suwailem |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-04-19 Corresponding to 1447-11-02 |
| Brief Resume of the Appointed Member | Mr. Abdullah S. Al-Suwailem holds a B.S. degree in Applied Chemical Engineering from King Fahd University of Petroleum and Minerals, and is currently the Senior Vice President of Western Region Manufacturing at Saudi Aramco. Mr. Abdullah has an extensive experience in the energy sector, including, for example, having previously served as the President and CEO of Petro Rabigh, and the President and CEO of Saudi Aramco Total Refining and Petrochemical Company (SATORP), and currently serves as a board member of Motiva Enterprises LLC in the United States, Saudi Aramco Mobil Refinery Company Ltd. (SAMREF), Petro Rabigh, and Yanbu Aramco Sinopec Refinery Company Limited (YASREF). |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Ahmad S. Al-Kudmani |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-04-19 Corresponding to 1447-11-02 |
| Brief Resume of the Appointed Member | Mr. Ahmad S. Al-Kudmani holds a B.S. degree in Mechanical Engineering from University of Southern California. He has 25 years of experience at Saudi Aramco, and currently serves as the Director of the Global Optimizer Department. Mr. Ahmad has had diverse leadership roles in Saudi Aramco across the products & customers business line, encompassing crude oil marketing and sales, global base oils business, global LPG sales and marketing, and fuels affiliates management. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-04-17 Corresponding to 1447-10-29 |
| Board Approval | The Board’s approval is not deemed final, and the appointments will be presented at the following General Assembly meeting for ratification. |
