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BOARD OF DIRECTORS

The Board of Directors sets and reviews SABIC’s corporate policies and procedures, including its main corporate objectives, strategic plans, and overall key performance indicators such as sustainability, social responsibility, and governance. The Board also approves SABIC's annual business plans and budgets, and ensures the availability of financial and human resources required to achieve these plans. In addition, the Board has the overall responsibility for identifying the optimal capital structure for SABIC, major capital expenditures, and asset acquisition and disposal decisions. The Board also oversees the implementation and monitoring of internal control systems.

SABIC is managed by a board of nine members with the right expertise for managing the company’s business. They are elected by the Ordinary General Assembly for a term not exceeding three years, subject to renewal. The Board of Directors appoints – from among its members – a Chairman and a Vice-Chairman. The Ordinary General Assembly shall specify the remuneration and allowances of the members of the Board in compliance with Companies Law and the rules and instructions issued by the competent authority; whether such remuneration consists of a fixed pay, meeting attendance allowance, or a percentage of profit. The remuneration may consist of a combination of two or more of these benefits.

The Board is comprised of the following members:

Name
  • Title
  • Expiry of term
Title Expiry of term
Khalid Hashim Al-Dabbagh Chairman – Non-Executive Member April 2022
Yousef Abdullah Al-Benyan Vice Chairman and CEO – Executive Member April 2022
Abdullah Mohammed Alissa Board Member – Non-Executive Member April 2022
Calum Grigor MacLean Board Member – Non-Executive Member April 2022
Ziad Thamer Al-Murshed Board Member – Non-Executive Member April 2022
Olivier Gerard Thorel Board Member – Independent Member April 2022
Dr. Khaled Hamza Nahas Board Member – Independent Member April 2022
Mohammed Talal Al-Nahas Board Member – Non-Executive Member April 2022
Nader Ibrahim Al-Wehibi Board Member – Independent Member April 2022

BOARD PERFORMANCE ASSESSMENT

The Board established a comprehensive program to assess the Board and committees performance. It developed procedures for conducting periodical assessment of the Board and committees performance. These procedures are set out in the charters of the Board and committees.

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