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The Saudi Arabian Oil Company (“Saudi Aramco”) announces the results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Oil Company (Saudi Aramco) announces the results of its Extraordinary General Assembly Meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | Saudi Aramco Headquarters in Dhahran, virtual attendance only. |
| Date of the General Assembly's Meeting | 2024-05-06 Corresponding to 1445-10-27 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 98.63% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following board members attended the Extraordinary General Assembly Meeting: HE Yasir O. Al-Rumayyan (Chairman of the Board of Directors) HE Dr. Ibrahim A. Al-Assaf (Deputy Chairman of the Board of Directors) HE Mohammed A. Al-Jadaan HE Mohammad M. Al-Tuwaijri Mr. Andrew N. Liveris Ms. Lynn L. Elsenhans Mr. Peter L. Cella Mr. Mark A. Weinberger Mr. Stuart T. Gulliver Mr. Khalid H. Al-Dabbagh Mr. Amin H. Nasser |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Andrew N. Liveris (Chair of the Nomination Committee) Ms. Lynn L. Elsenhans (Chair of the Audit Committee) Mr. Peter L. Cella (Chair of the Sustainability, Risk and HSE Committee) Mr. Mark A. Weinberger (Chair of the Compensation Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors Report for the financial year ended December 31, 2023, was reviewed and discussed. 2. The Financial Statements for the financial year ended December 31, 2023, were reviewed and discussed. 3. The Auditor’s Report for the financial year ended December 31, 2023, was discussed. 4. Approval of the election of the members of the Board of Directors for the new term, which begins on July 1, 2024 for a period of three (3) years ending on June 30, 2027. They are: - HE Yasir O. Al-Rumayyan - HE Dr. Ibrahim A. Al-Assaf - HE Mohammed A. Al-Jadaan - HE Faisal F. Alibrahim - Mr. Andrew N. Liveris - Ms. Lynn L. Elsenhans - Mr. Mark A. Weinberger - Mr. Stuart T. Gulliver - Mr. Robert W. Dudley - Mr. Khalid H. Al-Dabbagh - In addition to the above elected directors, the Company’s President & CEO is a member of the Board of Directors, in accordance with the Company’s Bylaws. - In accordance with the Company’s Bylaws, the State has appointed HE Yasir O. Al-Rumayyan to be the Chairman of the Board and HE Dr. Ibrahim A. Al-Assaf to be the Deputy Chairman of the Board. 5. Approval of amending Article (16) of the Company’s Bylaws relating to the election of a temporary member of the Board. 6. Approval of amending Article (18) of the Company’s Bylaws relating to the remuneration of the Board. 7. Approval of amending Article (22) of the Company’s Bylaws relating to the recording of deliberations and decisions of the Board. 8. Approval of amending Article (26) of the Company’s Bylaws relating to the invitation for the general assembly. 9. Approval of amending Article (32) of the Company’s Bylaws relating to the agenda of the general assembly. 10. Approval of amending Article (37) of the Company’s Bylaws relating to the Company’s financial statements, Board report, and the Auditor’s report. 11. Approval of amending Article (41) of the Company’s Bylaws relating to the liability of Board members. 12. Approval of amending Article (44) of the Company’s Bylaws relating to the rights of shareholders in filing a lawsuit against the Company or the Board. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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