Bahri Annual Report-2008

Board of Directors Report

32

Board of Directors

steering Company business within the framework of the policies, plans and controls duly adopted by the Board and the General Assembly. In 2008, the Board of Directors held 11 meetings in addition to two general assembly meetings.

The Board of Directors, in its current session (2008-2010) is composed of nine members. Responsibilities of the Board are manifested in leading the Company through exercising its role of guidance, control and drawing Company’s strategies. The Executive Committee attends to

Board of Directors

Name

Classification

Meetings

Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive

13 11 13 12 11 12 9 13 13

Abdullah Sulaiman Al-Rubaian Mohammed Abdulaziz AlSarhan Esam Hamad Al-Mubarak Nasser Mohammed Al-Kahtani Saleh Abdullah AlDebasi Abdulkarim Ibrahim Al-Nafie Farraj Mansour Abothenain Bander Barjas Al-AbdulKareem Sami Abdullah Al-Saeed

Shares Owned by Board of Directors in the Company

Name

Title

Shares

Chairman of the Board Board Member Board Member Board Member Board Member Board Member Board Member Board Member Board Member

Abdullah Sulaiman Al-Rubaian Mohommed Abdulaziz AlSarhan Esam Hamad Al-Mubarak Nasser Mohammed Al-Kahtani Saleh Abdullah AlDebasi Abdulkarim Ibrahim Al-Nafie Farraj Mansour Abothenain Bander Barjas Al-Abdulkareem Sami Abdullah Al-Saeed

81.805 219.060 65.000 - 6.000 13.000 25.000

2.000 4.000

No contracts have been concluded with the company relating to the interests of any of the members of the Board of Directors, the Chief Executive Officer, Vice Chief Executive Officer (Finance) or any person related to any of them. No agreement has been concluded under which any Board member or senior executive has waived his right in any salary or compensation.

The Board of Directors declares that, except for shares owned by members of the Board as set forth in this table, there are no special interests or affiliations of the members of the Board, senior executives or their spouses or their minor children in the Company, in the form of shares, option or subscription rights, commitments under work contracts directly or indirectly or with the parent Company or any of its affiliates.

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