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Saudi Arabian Oil Company (Saudi Aramco) Announces the Appointment of Audit Committee Members and the Chair of the Audit Committee

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SAUDI ARAMCO
-0.04 %
1446/01/29     04/08/2024 15:38:56

Element ListExplanation
Introduction Saudi Arabian Oil Company (Saudi Aramco) announces the issuance of its Board of Directors resolution dated August 4, 2024 (corresponding to 29 Muharram 1446H) appointing the following members of the Board of Directors as members in the Audit Committee:

• HE Faisal F. Alibrahim

• Mr. Khalid H. Al-Dabbagh

• Mr. Andrew N. Liveris

• Ms. Lynn L. Elsenhans

• Mr. Stuart T. Gulliver

The Board of Directors also resolved to appoint Mr. Stuart T. Gulliver as the Chair of the Audit Committee.
Element ListExplanation
Appointed Member Name HE Faisal F. Alibrahim
Membership Start Date 2024-08-04 Corresponding to 1446-01-29
Brief Resume of the Appointed Member HE Faisal F. Alibrahim is currently the Minister of Economy and Planning for Saudi Arabia and is also the Supervisor of the Secretariat of the Council of Economic and Development Affairs. He also serves as Chairman of the Board of Directors of the General Authority for Statistics and the National Infrastructure Fund, and serves as a member of a number of Boards of Directors and several governmental committees. HE Faisal F. Alibrahim earned a Bachelor’s degree in Economics and a Bachelor’s degree in Accounting from Pennsylvania State University and an MBA from the Massachusetts Institute of Technology.
The date of the approval by other official authorities N/A
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Appointed Member Name Mr. Khalid H. Al-Dabbagh
Membership Start Date 2024-08-04 Corresponding to 1446-01-29
Brief Resume of the Appointed Member Mr. Khalid H. Al-Dabbagh is currently the Chairman of the Board of Directors for Saudi Basic Industries Corporation (SABIC) and Director on the Board of Governors of the GCC Board Directors Institute. Mr. Al-Dabbagh previously served as Aramco’s Senior Vice President for Finance, Strategy & Development and Chief Financial Officer. Prior to this he held a number of leadership positions at Aramco, including Financial Controller and Treasurer, and formerly served as Chairman of Aramco Development Company (SADCO) and Chairman of the Wisayah Investment Management Company. Mr. Al-Dabbagh earned a Bachelor’s degree in Industrial Engineering from the University of Toledo. He has completed a number of executive leadership programs, including the Senior Executive Program at the London Business School.
The date of the approval by other official authorities N/A
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Appointed Member Name Mr. Andrew N. Liveris
Membership Start Date 2024-08-04 Corresponding to 1446-01-29
Brief Resume of the Appointed Member Mr. Andrew N. Liveris is currently the Deputy Chairman of the Board of Worley Parsons, a member of the Board of Directors of Lucid Motors, IBM Corporation and the Hevolution Foundation, and on the Board of Trustees of the King Abdullah University of Science and Technology (KAUST). He formerly served as Chairman, President and Chief Executive Officer of The Dow Chemical Company, and was a member of the Board of Directors of DowDuPont Inc. Mr. Liveris has a Bachelor’s degree in chemical engineering from the University of Queensland.
The date of the approval by other official authorities N/A
Element ListExplanation
Appointed Member Name Ms. Lynn Laverty Elsenhans
Membership Start Date 2024-08-04 Corresponding to 1446-01-29
Brief Resume of the Appointed Member Ms. Lynn Laverty Elsenhans is currently a member of the Board of Directors of Baker Hughes Company. She previously served as Chairwoman, President, and Chief Executive Officer of Sunoco Inc. and worked for Royal Dutch Shell, where she held a number of senior roles, including Executive Vice President of Global Manufacturing. Ms. Elsenhans has a Bachelor’s degree in applied mathematics from Rice University, and an MBA from Harvard Business School.
The date of the approval by other official authorities N/A
Element ListExplanation
Appointed Member Name Mr. Stuart T. Gulliver
Membership Start Date 2024-08-04 Corresponding to 1446-01-29
Brief Resume of the Appointed Member Mr. Stuart T. Gulliver is currently a Director on the Boards of The Saudi Awwal Bank and Jardine Matheson Holding Limited. He also serves on the international advisory council for the Hong Kong Stock Exchange, and as the Chairman of Maggie's cancer charity. Mr. Gulliver previously served as the Group Chief Executive Officer of HSBC and Chairman of the Hong Kong and Shanghai Banking Corporation Limited (HSBC), HSBC Bank plc, and HSBC Bank Middle East Ltd. Mr. Gulliver has an MA in Jurisprudence from the University of Oxford.
The date of the approval by other official authorities N/A
Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-08-04 Corresponding to 1446-01-29

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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