| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Company (Chemanol) announces that Board Member Eng. Sultan bin Saleh Al-Khamshi (Independent Member) has submitted his resignation due to his professional obligations and increasing responsibilities as of 19/02/1448H, corresponding to 02/08/2026, with the resignation becoming effective on the same date. It is worth noting that Eng. Sultan Al-Khamshi served as a member of the Company’s Board of Directors during its current term, which commenced on 12/11/2024. The Board of Directors extends its sincere gratitude and appreciation to him for his valuable contributions and efforts throughout his tenure. Furthermore, the Board of Directors resolved on 02/08/2026 to appoint Mr. Abdullah Ahmed Hussein Abuthyab as a Board Member to serve for the remainder of his predecessor’s term until the conclusion of the current Board cycle on 11/11/2028. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Sultan Bin Saleh Al-Khamshi |
| Membership Type | Independent |
| Resignation Submission Date | 2026-08-02 Corresponding to 1448-02-19 |
| Resignation Effective Date | 2026-08-02 Corresponding to 1448-02-19 |
| Membership Starting Date for the Resigned Member | 2024-11-12 Corresponding to 1446-05-10 |
| Reasons of Resignation | due to his professional obligations and increasing responsibilities |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdullah Bin Ahmed Hussein Abuthyab |
| Membership Type | Independent |
| Membership Start Date | 2026-08-02 Corresponding to 1448-02-19 |
| Brief Resume of the Appointed Member | Mr. Abdullah Ahmed Abuthyab brings over 20 years of professional experience across executive management, business administration, technology, sales, and operational management. He has held several key leadership and executive roles, including serving as CEO of Qabas Technology for Trading Co. (2009–Present) and General Manager of World Box Factory Co. He also held various technical and managerial positions at Saudi Telecom Company (STC), where he served as IT Manager for the Financial Sector and oversaw major technology projects in collaboration with global vendors such as HP. In addition, he previously worked at the National Company for Cooperative Insurance (NCCI). Mr. Abdullah Abuthyab holds a Bachelor's degree from the College of Computer & Information Science at King Saud University. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-08-02 Corresponding to 1448-02-19 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
