01 FEB 2024
| Element List | Explanation |
|---|---|
| Introduction | The National Shipping Company of Saudi Arabia (Bahri) announces that its Board of Directors, on 1/2/2024 has approved the resignation of Board Member Eng. Ibrahim Qassim Albuainain from his membership in the Board of Directors. The Members of the Board expressed gratitude to Eng. Ibrahim Albuainain for his contributions to the company over the past period and extended their best wishes for his ongoing success.
The Board of Directors also approved the appointment of Eng. Ahmed Mohammed Alkhunaini as a member of the Board of Directors, effective 1/2/2024. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Eng. Ibrahim Qassim Albuainain |
| Membership Type | Independent |
| Resignation Submission Date | 2024-01-24 Corresponding to 1445-07-12 |
| Resignation Effective Date | 2024-02-01 Corresponding to 1445-07-20 |
| Membership Starting Date for the Resigned Member | 2023-01-16 Corresponding to 1444-06-23 |
| Reasons of Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Ahmed Mohammed Alkhunaini |
| Membership Type | Independent |
| Membership Start Date | 2024-02-01 Corresponding to 1445-07-20 |
| Brief Resume of the Appointed Member | Eng. Ahmed Alkhunaini has been newly appointed as the acting Senior Vice President of Sales, Trading and Supply Planning, effective September 1, 2023. In this position, he is overseeing company’s global sales of crude oil and liquefied petroleum gas, its hydrocarbon supply planning network which includes the company’s domestic sales of refined products and feedstock. He also oversees the global trading of hydrocarbons and chemicals, a function performed by Aramco Trading Company (ATC), an integrated global trading company and wholly owned subsidiary of Saudi Aramco.
Before this role, Eng. Ahmed served as the President and CEO of Aramco Overseas Company (AOC) effective August 2021. AOC is also known as Aramco Europe, is a subsidiary of the company with responsibilities including the management of procurement, engineering, HR and finance for Saudi Aramco in EU and the UK. AOC is also the sole shareholder of company’s investments worldwide. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-02-01 Corresponding to 1445-07-20 |
| Board Approval | The Board’s approval is not considered final, and this appointment will be presented at the first general assembly meeting for final approval. |