| Element List | Explanation |
|---|---|
| Introduction | Saudi Aramco Base Oil Company - Luberef (the “Company”) announces that a Member of the Board of Directors submitted his resignation on 09/09/1447H (corresponding to 26/02/2026G) from the Board and Committee membership, as follows: • Mohammed Faiz Al-Ahmari (Member of the Board and Board Audit Committee Member) The Board of Directors of the Company extend their gratitude and appreciation to Mr. Al-Ahmari for his tenure and contributions to the Company. The Board of Directors have also resolved to appoint the following Member to the Board and Board Audit Committee to complete the current Board’s term which ends on 14/08/2027G: • Mohammed K. Al-Dhubaib |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mohammed Faiz Al-Ahmari |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-02-26 Corresponding to 1447-09-09 |
| Resignation Effective Date | 2026-02-26 Corresponding to 1447-09-09 |
| 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 | Mohammed K. Al-Dhubaib |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-03-01 Corresponding to 1447-09-12 |
| Brief Resume of the Appointed Member | Mr. Mohammed K. Al-Dhubaib holds a B.S. degree in Accounting from University of New Orleans. He has 20 years of experience at Saudi Aramco and currently serves as the Director of the Group Tax Compliance Department. In addition, Mr. Mohammed serves on the Board of Directors for several companies, including Middle East Cloud and Digital Transformation Company Limited (CNTXT), Advanced ASMO for Logistics Services Company (ASMO), Stellar Insurance Ltd. (Stellar), Inspection Technology and Quality Assurance National Institute (ITQAN), and Saudi Aramco Sukuk Company (SASC). |
| 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 | 2026-02-27 Corresponding to 1447-09-10 |
| Board Approval | The Board’s approval is not deemed final, and the appointment will be presented at the following General Assembly meeting for ratification. |
