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The Board of Directors sets and reviews the overall policies and procedures of SABIC, including its main corporate objectives, strategic plans and overall key performance indicators. The Board also approves SABIC’s annual business plans and budgets, and ensures the availability of financial and human resources required to achieve these plans. In addition, the Board has overall responsibility for identifying the optimal capital structure for SABIC, major capital expenditures, and asset ownership and disposal decisions. The Board also oversees the implementation and monitoring of internal control systems.

SABIC is managed by a Board of nine members with the expertise required for managing the business. Five members nominated by the Public Investment Fund (“PIF”) shall represent the Government share, and shall include both the Chairman and the Vice Chairman who shall also be the CEO. The Vice Chairman and CEO shall work on a full-time basis and shall act in lieu of the Chairman in case of his absence. The Board members shall be elected by an ordinary general meeting for a renewable term not exceeding three years. Moreover, the ordinary general meeting shall specify the remunerations and allowances of the members of the Board in compliance with Companies Law and the rules and instructions issued by the competent authority; whether such remuneration consists of a specified salary, an attendance allowance for the meetings, or a percentage of profits. The remuneration may consist of a combination of two or more of these benefits. The annual report of the Board shall include an illustration of the remunerations and allowances paid to the Board members.

The Board is comprised of the following members:

  • Title
  • Expiry of term
Title Expiry of term
Dr. Abdulaziz Saleh Aljarbou Chairman – Non-Executive Member April 2022
Yousef Abdullah Al-Benyan Vice Chairman and CEO – Executive Member April 2022
Rashid Ibrahim Sharif Board Member – Non-Executive Member April 2022
Roberto Gualdoni Board Member – Non-Executive Member April 2022
Calum MacLean Board Member – Non-Executive Member April 2022
Mohammed Talal Al-Nahas Board Member – Independent Member April 2022
Dr. Khaled Hamza Nahas Board Member – Independent Member April 2022
Abdullah Mohammed Al-Issa Board Member – Non-Executive Member April 2022
Nader Ibrahim Al-Wehibi Board Member – Independent Member April 2022

During 2019, the election of the members of the Board of Directors (including representatives of the government of Saudi Arabia) was approved for another term, which started from 10 April, 2019, for a period of three years ending on 09 April, 2022.

Dr. Fahad Abdullah Al-Mubarak, was a Non-Executive Member in SABIC and his membership ended on 10 April, 2019. He has previously served as the Governor of the Saudi Arabian Monetary Agency, the Chairman of the board of the Saudi Stock Exchange (Tadawul) and a member of the Consultative Council. He was also a part of the Saudi negotiating team established to discuss participation in gas projects in Saudi Arabia with international oil companies. Dr. Al-Mubarak also previously served as a member of the board of a number of companies, including Al Alamiya Insurance, Al Malaz Group, Mobily, Saudi Hollandi Bank, National Industrialization, and Saudi Telecommunications Company. He was also the Chairman of the board of Morgan Stanley Saudi Arabia and the General Manager of Rana Investment Company. He holds a PhD in Business Administration.


The Board of Directors has set forth procedures for evaluating the work of the Board and Committees periodically in both the Board Charter and all Committees Charters. The Board established a comprehensive program to evaluate the work of the Board, and contracted with COMPASS – an independent external agency specialized in this area – for implementation. In addition, the company is implementing the program through the use of applicable systems for program implementation.

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