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East Pipes Integrated Company for Industry Announces Resignation and Appointment of a Board Member

Element ListExplanation
Introduction East Pipes Integrated Company for Industry announces resignation of Mr. Mohammed Abdulrahman Abdullah Al-Othman from the membership of the Board of Directors (Non-Executive Member), and appointment of Mr. Bassam Abdulsalam Mohammed Bamagous as a member of the Board of Directors. (Non-Executive Member).
Element ListExplanation
Resigned Member Name Mohammed Abdulrahman Abdullah Al-Othman
Membership Type Non- Executive
Resignation Submission Date 2022-10-16 Corresponding to 1444-03-20
Resignation Acceptance Date 2022-10-20 Corresponding to 1444-03-24
Resignation Effective Date 2022-10-20 Corresponding to 1444-03-24
Membership Starting Date for the Resigned Member 2020-12-28 Corresponding to 1442-05-13
Reasons of Resignation Personal reasons
Element ListExplanation
Appointed Member Name Bassam Abdulsalam Mohammed Bamagous
Membership Type Non- Executive
Membership Start Date 2022-10-20 Corresponding to 1444-03-24
Brief Resume of the Appointed Member Mr. Bassam Bamagous works as CEO at Saudi Global Energy SGE since 2013 and has more than Twenty-Two years’ experience in the field of business development and management. SGE owns and operate different businesses including industrial supply, operation and maintenance and manufacturing. SGE group of companies serve the local market and provide products and services for the oil & gas, power, water, and infrastructure projects. Mr. Bassam also manage investment portfolio for SGE by establishing joint ventures with multinational companies in supply chain, services, manufacturing, and contracting business. Mr. Bassam is a board member in Anixter Saudi Arabia, Target constructions Saudi Arabia and Tanmiah for investment.

Bassam had been recognized by the group in his field Professionally, he achieved (MBA) from KFUPM and Bachelor of Applied Degree in Electrical Engineering in the same University.

Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2022-10-20 Corresponding to 1444-03-24
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for 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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