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The National Shipping Company of Saudi Arabia (Bahri) Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | The National Shipping Company of Saudi Arabia (Bahri) announces that its Board of Directors, on 1/2/2024 has approved the resignation of Board Member Eng. Ibrahim Qassim Albuainain from his membership in the Board of Directors. The Members of the Board expressed gratitude to Eng. Ibrahim Albuainain for his contributions to the company over the past period and extended their best wishes for his ongoing success. The Board of Directors also approved the appointment of Eng. Ahmed Mohammed Alkhunaini as a member of the Board of Directors, effective 1/2/2024. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Eng. Ibrahim Qassim Albuainain |
| Membership Type | Independent |
| Resignation Submission Date | 2024-01-24 Corresponding to 1445-07-12 |
| Resignation Effective Date | 2024-02-01 Corresponding to 1445-07-20 |
| Membership Starting Date for the Resigned Member | 2023-01-16 Corresponding to 1444-06-23 |
| Reasons of Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Ahmed Mohammed Alkhunaini |
| Membership Type | Independent |
| Membership Start Date | 2024-02-01 Corresponding to 1445-07-20 |
| Brief Resume of the Appointed Member | Eng. Ahmed Alkhunaini has been newly appointed as the acting Senior Vice President of Sales, Trading and Supply Planning, effective September 1, 2023. In this position, he is overseeing company’s global sales of crude oil and liquefied petroleum gas, its hydrocarbon supply planning network which includes the company’s domestic sales of refined products and feedstock. He also oversees the global trading of hydrocarbons and chemicals, a function performed by Aramco Trading Company (ATC), an integrated global trading company and wholly owned subsidiary of Saudi Aramco. Before this role, Eng. Ahmed served as the President and CEO of Aramco Overseas Company (AOC) effective August 2021. AOC is also known as Aramco Europe, is a subsidiary of the company with responsibilities including the management of procurement, engineering, HR and finance for Saudi Aramco in EU and the UK. AOC is also the sole shareholder of company’s investments worldwide. |
| 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 | 2024-02-01 Corresponding to 1445-07-20 |
| Board Approval | The Board’s approval is not considered final, and this appointment will be presented at the first general assembly meeting for final approval. |
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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Net Change -0.7 (-2.26%)
Value Traded (Sar) 6,112,989.3
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