| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Company (Chemanol) announces the Board of Directors' decision to accept the resignation of Board Member Eng. Ali Mohammed Al-Asiri (Executive Member), as he submitted his resignation on 24/07/2022 in order to focus on his duties as CEO and on the company's strategy, and the appoint Eng. Sabri Mohammad Al-Ghamdi (Independent Member) as a new board member, starting from 25/07/2022 until the end of the current Board membership on 11/11/2024 |
Note: Board approval is not final and this decision will be presented to the first meeting of the General Assembly for approval.
The company's Board of Directors extends its sincere thanks and appreciation to Eng. Ali Al-Asiri for his active participation during his term of membership in the Board of Directors
| Element List | Explanation |
|---|---|
| Resigned Member Name | Ali Mohammed Al-Asiri |
| Membership Type | Executive |
| Resignation Submission Date | 2022-07-24 Corresponding to 1443-12-25 |
| Resignation Acceptance Date | 2022-07-25 Corresponding to 1443-12-26 |
| Resignation Effective Date | 2022-07-25 Corresponding to 1443-12-26 |
| Membership Starting Date for the Resigned Member | 2021-11-12 Corresponding to 1443-04-07 |
| Reasons of Resignation | Focus on his duties as CEO and on the company's strategy. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Sabri Mohammed Al-Ghamdi |
| Membership Type | Independent |
| Membership Start Date | 2022-07-25 Corresponding to 1443-12-26 |
| Brief Resume of the Appointed Member | Eng. Sabri Al-Ghamdi holds a Bachelor’s degree in Chemical Engineering from King Fahd University of Petroleum and Minerals (KFUPM), and has extensive experience in petrochemical industries, where he held leadership positions in many major companies such as: SABIC, Saudi Aramco, and Global Company for Downstream Industries (GDI). |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2022-07-25 Corresponding to 1443-12-26 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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