EXTRAORDINARY GENERAL ASSEMBLY MEETING RESULTS

Saudi Arabian Oil Company

07 May 2024

 

SAUDI ARABIAN OIL COMPANY

RESULTS OF THE 2024 EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING)

Type of the General Assembly's Meeting	Extraordinary
Number of invitations to the General Assembly Meeting	First Meeting
Announcement Title	The Saudi Arabian Oil Company ("Saudi Aramco") announces the results of the Extraordinary General Assembly Meeting (First Meeting)
Introduction	Saudi Arabian Oil Company (Saudi Aramco) announces the results of its Extraordinary General Assembly Meeting (First Meeting).
City and Location of the General Assembly's Meeting	Saudi Aramco Headquarters in Dhahran, virtual attendance only.
Date of the General Assembly's Meeting	27/10/1445H corresponding to 06/05/2024G
Time of the General Assembly's Meeting	18:30
Percentage of Attending Shareholders	98.63%
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 Extraordinary General Assembly Meeting: HE Yasir O. Al-Rumayyan (Chairman of the Board of Directors) HE Dr. Ibrahim A. Al-Assaf (Deputy Chairman of the Board of Directors) HE Mohammed A. Al-Jadaan HE Mohammad M. Al-Tuwaijri Mr. Andrew N. Liveris Ms. Lynn L. Elsenhans Mr. Peter L. Cella Mr. Mark A. Weinberger Mr. Stuart T. Gulliver Mr. Khalid H. Al-Dabbagh Mr. Amin H. Nasser
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Andrew N. Liveris (Chair of the Nomination Committee) Ms. Lynn L. Elsenhans (Chair of the Audit Committee) Mr. Peter L. Cella (Chair of the Sustainability, Risk and HSE Committee) Mr. Mark A. Weinberger (Chair of the Compensation Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1.   The Board of Directors Report for the financial year ended December 31, 2023, was reviewed and discussed. 2.   The Financial Statements for the financial year ended December 31, 2023, were reviewed and discussed. 3.   The Auditor's Report for the financial year ended December 31, 2023, was discussed. 4.   Approval of the election of the members of the Board of Directors for the new term, which begins on July 1, 2024 for a period of three (3) years ending on June 30, 2027. They are: -    HE Yasir O. Al-Rumayyan -    HE Dr. Ibrahim A. Al-Assaf -    HE Mohammed A. Al-Jadaan -    HE Faisal F. Alibrahim -    Mr. Andrew N. Liveris -    Ms. Lynn L. Elsenhans -    Mr. Mark A. Weinberger -    Mr. Stuart T. Gulliver -    Mr. Robert W. Dudley -    Mr. Khalid H. Al-Dabbagh -    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 Deputy Chairman of the Board. 5.   Approval of amending Article (16) of the Company's Bylaws relating to the election of a temporary member of the Board. 6.   Approval of amending Article (18) of the Company's Bylaws relating to the remuneration of the Board. 7.   Approval of amending Article (22) of the Company's Bylaws relating to the recording of deliberations and decisions of the Board. 8.   Approval of amending Article (26) of the Company's Bylaws relating to the invitation for the general assembly. 9.   Approval of amending Article (32) of the Company's Bylaws relating to the agenda of the general assembly. 10. Approval of amending Article (37) of the Company's Bylaws relating to the Company's financial statements, Board report, and the Auditor's report. 11. Approval of amending Article (41) of the Company's Bylaws relating to the liability of Board members. 12. Approval of amending Article (44) of the Company's Bylaws relating to the rights of shareholders in filing a lawsuit against the Company or the Board.

 

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