| Element List | Explanation |
|---|---|
| Introduction | Yanbu National Petrochemical Co. (YANSAB) announces the Board of Directors’ decision to form the Audit Committee for the current Board of Directors session, which began on March 16, 2026 and for a period of three years ending on March 15, 2029, as follows: 1. Mr. Ibrahim Mohammed Al-Saif 2. Mr. Abdullah AbdulMonem Al-Sinan 3. Dr. Ahmed Abdullah Al-Meghames The Board of Directors also decided to appoint Mr. Ibrahim Mohammed Al-Saif as the Chair of the Audit Committee. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ibrahim Mohammed Al-Saif (Chairman of the Audit Committee) |
| Membership Start Date | 2026-03-16 Corresponding to 1447-09-27 |
| Brief Resume of the Appointed Member | Current Position: Independent Board Member at YANSAB Previous Positions and Experience: •Assistant Governor for Investment at the General Organization for Social Insurance (GOSI) •General Manager of Financial Investments at the General Organization for Social Insurance (GOSI) Mr. Al-Saif has extensive experience in investment and economic fields, including establishing companies and serving on the boards of directors of several companies, as well as participating in numerous local and international associations and groups in the fields of investment and economics. He holds both a Master’s and a Bachelor’s degree in Economics. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdullah AbdulMonem Al-Sinan (Member of the Audit Committee) |
| Membership Start Date | 2026-03-16 Corresponding to 1447-09-27 |
| Brief Resume of the Appointed Member | Current Position: Non-Executive Member of the Board of Directors at YANSAB. Mr. Abdullah currently serves as General Manager of Mergers and Acquisitions at SABIC. Previous Positions and Experience: • General Manager of Investment Planning and Business Intelligence at SABIC. • Vice President of Finance at Gulf Coast Project in the USA (Joint Project with ExxonMobil). • Executive Director of the Expansion Projects in China. • Executive Director of Planning, Investments, and Business Development at SABIC. Mr. Abdullah has extensive experience in supply chain management, long-term planning, investments, and expansion projects in petrochemical companies. He holds a Master’s degree in Business Administration and a Bachelor’s degree in Chemical Engineering. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Dr. Ahmed Abdullah Al-Meghames (Member of the Audit Committee -External Member) |
| Membership Start Date | 2026-03-16 Corresponding to 1447-09-27 |
| Brief Resume of the Appointed Member | Current Position: Chief Executive Officer of the Saudi Organization for Chartered and Professional Accountants. Previous Positions and Experience: • Board Member and Chairman of the Audit Committee at the National Shipping Company of Saudi Arabia. • Member of the Board of Trustees of the Accounting and Auditing Organization for Islamic Financial Institutions. • Chairman of the Accounting Standards Development Committee affiliated with the International Federation of Accountants. • Assistant Professor and lecturer at King Saud University. Dr. Ahmed holds a PhD in Accounting, a Master’s degree in Accounting, and a Bachelor’s degree in Accounting, and holds the fellowship of the Saudi Organization for Chartered and Professional Accountants. |
| 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 | 2026-03-16 Corresponding to 1447-09-27 |
