Board of Directors Report 2011
Table shows the Executive Management list for the year 2011
Name
Title
Saleh Nasser Al-Jasser
Chief Executive Officer
Abdulaziz Khaled Al-Rasheed
Vice Chief Executive Officer, Planning & Business Development.
Saleh Abdulrahman Al-Shamekh
President (Oil & Gas)
Mohammad Omair Al-Otaibi
Vice Chief Executive Officer, Finance
Ahmed Sulaiman Al-Eidan
Assistant Chief Executive Officer, Board Secretariat & Communication
their legal entitlements. It is also to be noted here that senior executives, who are five (5) in number, including the Vice Chief Executive Officer (Finance) , do not hold any shares in the Company according to Tadawul records as at 31/12/2011 other than as stated in senior executive ownership table below.
Pursuant to the authorities vested in it by the Board of Directors, the Executive Management is committed to act in line with the stated policies and to implement Board resolutions and strategic and operational plans that aim at development and growth of corporate activities and serve the interests of shareholders. No investments or reserves have been created for the benefit of Company employees other than
The Company is run by a team of executives with extensive experience. This team assumes the responsibility of financial, administrative, technical, operational and informational, risk management and related corporate activities. Ad hoc committees are also formed to provide assistance in following up certain activities and contingent tasks on an as-needed basis.
Description of any interest belonging to Executive Management, their spouses and minor children in the shares or debt instruments issued by the Company in 2011
Ownership Year-Beginning
Ownership Year-end
Change During the Year
Variance Percentage
Name
Saleh Nasser Al-Jasser
100,000
200,000
100,000
100%
Abdulaziz Khaled Al-Rasheed
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Saleh Abdulrahman Al-Shamekh
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Mohammad Omair Al-Otaibi
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Ahmed Sulaiman Al-Eidan
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20,000
20,000
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