Basic Chemical Industries Co. Announces the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of the committees, the appointment of the Board Secretary, and the appointment of the Company’s representatives to the Capital Market Authority

The Board of Directors of Basic Chemical Industries Co. is pleased to announce the resolutions passed by circulation on May 16, 2025, as follows:

First: Appointment of the Chairman of the Board, Vice Chairman, and Board Secretary:

Mr. Abdullah Mhana Al-Muaibid – Non-Executive Member (Chairman of the Board)

Mr. Tareq Ali Al-Tamimi – Non-Executive Member (Vice Chairman of the Board)

Mr. Diaa Abdel Aaty – Board Secretary

Second: Formation of the Audit Committee as follows:

Mr. Jassim Shaheen Hamad Al-Rumaihi – Independent Member

Mr. Abdulaziz Abdullah Al-Naeem – Non-Executive Member

Mr. Abdullah Khalifa Shaheen Al-Buainain – Independent Member

Third: Formation of the Nominations and Remuneration Committee as follows:

Mr. Mhana Abdulaziz Al-Muaibid – Independent Member

Mr. Abdullah Mhana Al-Muaibid – Non-Executive Member

Mr. Tareq Ali Al-Tamimi – Non-Executive Member

Fourth: Appointment of company representatives for all matters related to the implementation of regulations with the Capital Market Authority (CMA):

Mr. Othman Riyadh Al-Humaidan – Board Member

Mr. Alaa Abdullah Al-Sheikh – Chief Executive Officer

Brief Profiles of the Members of the Audit Committee:

1- Mr. Jassim Shaheen Hamad Al-Rumaihi – Independent Member

He holds a Ph.D. in Accounting from the University of Dundee in the United Kingdom. Throughout his career, he has served as an Executive Director and Strategic Advisor to several companies. He has also been a board and audit committee member in publicly listed companies. He specializes in financial and administrative affairs with over three decades of experience.

2- Mr. Abdulaziz Abdullah Al-Naeem – Non-Executive Member

He holds a Bachelor's degree in Business Administration with a concentration in Finance from MIT, United States, and is a Chartered Financial Analyst (CFA). He has board-level experience across various sectors including asset management, investment banking, insurance, food and beverages, chemicals, logistics, and education.

3- Mr. Abdullah Khalifa Shaheen Al-Buainain – Independent Member

He holds a Bachelor's degree in Mechanical Engineering from King Fahd University of Petroleum and Minerals. He has extensive executive experience, having served as CEO of Marafiq and Vice President for Manufacturing Affairs at SABIC, in addition to other leadership roles. He has also served on boards and as an independent audit committee member at Sahara International Petrochemical Company (Sipchem).