2001 · 14/02/2016 15:48:55 · Announcement #41181 · View on Saudi Exchange

Methanol Chemicals Co. (Chemanol) Announces the Resignation of a Board Member

Methanol Chemicals Co. (Chemanol) announces that the Board Member Mr. Sami Mohamed Jalal (Non-executive member) has resigned from the Board of Directors on 20/12/2015 due to personal circumstances. The resignation has been accepted by the Board of Directors on 14/02/2016 and is effective from the date of its acceptance.

The Board of Directors of Chemanol extends its appreciation and gratitude to Mr Sami Mohamed Jalal for his distinctive and effective role and valuable participation throughout 25 years as a member of Chemanol Board of Directors.

It is worth mentioning that the Company will announce later the person who will fill the vacant board seat left open by the resignation of Mr Sami Mohamed Jalal according to the applicable procedures in this regard.

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.