| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Company Announces that its Board of Directors has resolved to appoint Mr. Abdullah Abdulrahman Bu-Ali (Non-Executive Board Member) as a member of the Audit Committee starting from Wednesday 23/03/1444 corresponding to 19/10/2022 until the end of the term of the current Board on 11/11/2024. |
Also the Board has restructured its remaining committees.
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdullah Abdulrahman Bu-Ali |
| Membership Start Date | 2022-10-19 Corresponding to 1444-03-23 |
| Brief Resume of the Appointed Member | Mr. Abdullah Bu-Ali holds a Bachelor’s degree in Industrial Management from the King Fahd University of Petroleum & Minerals. |
He served for more than 30 years in various leadership positions at Saudi Arabia Basic Industries Corporation (SABIC) and its affiliates. Previously, held the position of Chairman of the Board of Directors of MARAFIQ Water and Power Supply Co. (TAWREED). He also held membership and Chairmanship of the Audit Committee of Jubail Water and Power Co. and membership of Marafiq Insurance Limited. He is now a Board Member in Chemanol and the Saudi Water Partnership Company (SWPC), and the Chairman of Audit Committee of both the Advanced Petrochemical Co. and the Saudi Water Partnership Company (SWPC).
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2022-10-19 Corresponding to 1444-03-23 |
| 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.