Saudi Arabian Oil Company (Saudi Aramco) Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
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Type of the General Assembly's Meeting * |
Ordinary |
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Number of invitations to the General Assembly Meeting * |
First Meeting |
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Announcement Title * |
Saudi Arabian Oil Company (Saudi Aramco) Announces the Results of the Ordinary General Assembly Meeting (First Meeting) |
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Introduction |
Saudi Arabian Oil Company (Saudi Aramco) announces the results of its Ordinary General Assembly Meeting (First Meeting). |
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City and Location of the General Assembly's Meeting * |
Saudi Aramco Headquarters in Dhahran, virtual attendance. |
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Date of the General Assembly's Meeting * |
21/11/1442H (based on Umm Ul Qura calendar) corresponding to 01/07/2021G |
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Time of the General Assembly's Meeting * |
19:00 |
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Percentage of Attending Shareholders * |
98.45534% |
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Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees * |
The following board members attended the Ordinary General Assembly Meeting:
HE Yasir O. Al-Rumayyan (Chairman)
HE Dr. Ibrahim A. Al-Assaf (Vice Chairman)
HE Mohammed A. Al-Jadaan
HE Mohammad M. Al-Tuwaijri
HE Nabeel M. Al-Amudi
Sir Mark Moody-Stuart
Mr. Andrew N. Liveris
Ms. Lynn Laverty Elsenhans
Mr. Peter L. Cella
Mr. Mark A. Weinberger
Mr. Amin H. Nasser |
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Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf * |
Sir Mark Moody-Stuart (Compensation Committee Chair)
Mr. Andrew N. Liveris (Nomination Committee Chair)
Ms. Lynn Laverty Elsenhans (Audit Committee Chair)
Mr. Peter L. Cella (Risk and HSE Committee Chair) |
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Voting Results on the Items of the General Assembly's Meeting Agenda's * |
1- Approval of the Board of Directors Report for the financial year ended on December 31, 2020.
2- Approval of the appointment of PricewaterhouseCoopers (PwC) to be the External Auditor for Saudi Aramco, based on the recommendation of the Board, to perform audits and review of the interim financial statements starting with the 2021 quarterly (second and third) and annual statements up to and including the first quarter of 2031 and determining their fees.
3- Approval of the election of the members of the Board of Directors for the next term, which begins on 01/07/2021 for a period of three years ending on 30/06/2024. They are:
· HE Yasir O. Al-Rumayyan
· HE Dr. Ibrahim A. Al-Assaf
· HE Mohammed A. Al-Jadaan
· HE Mohammad M. Al-Tuwaijri
· Mr. Khalid H. Al-Dabbagh
· Mr. Andrew N. Liveris
· Ms. Lynn Laverty Elsenhans
· Mr. Peter L. Cella
· Mr. Mark A. Weinberger
· Mr. Stuart T. Gulliver
· In addition to the above elected directors, the Company's President & CEO is a member of the Board of Directors, in accordance with the Company's Bylaws.
· In accordance with the Company's Bylaws, the State has appointed HE Yasir O. Al-Rumayyan to be the Chairman of the Board and HE Dr. Ibrahim A. Al-Assaf to be the Vice Chairman of the Board.
4- Approval of Saudi Aramco's Competition Standards in accordance with Article 46(3) of the CMA Corporate Governance Regulations.
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