Sahara International Petrochemical Company (Sipchem) announced to its Shareholders that its Board of Directors, which was elected during the Ordinary General Assembly Meeting held on Sunday 08 of December 2019 for a three-year term that starts on 10th December 2019 and will end on 09th December 2022, issued the following resolutions on 12 December 2019. Mr. Khalid A. Al-Zamil as Chairman of the Board (Non-Executive); Mr. Fahad S. Al-Rajhi as Vice Chairman (Non-Executive). Formation of the Nomination and Remuneration Committee of the following members: 1. Mr. Ziad A. Al-Turki - (Board Member - Independent);2. Mr. Fahad S. Al-Rajhi (Board Member Non-Executive); 3. Mr. Bader A. Masoudi - (Board Member - Independent); 4. Mr. Abdulaziz A. Bin Dayel (Board Member - Independent); and 5. Mr. Saeed A. Basmah - (Board Member - Independent). Formation of the Executive Committee of the following members: 1. Mr. Yousef A. Al-Zamil - (Board Member - Independent); 2. Mr. Fahad S. Al-Rajhi (Board Member Non-Executive); 3. Mr. Ayidh M. Al-Qarni (Board Member - Independent); 4. Mr. Reyadh S. Ahmed (Board Member Non-Executive); and 5. Mr. Saeed O. Al-Esayi (Board Member - Independent). In reference to Ordinary General Assembly Meeting (OGM) conducted on the same day December 08, 2019. OGM has approved Formation of the Audit Committee for a three-year term that starts on 10 December 2019 and will end on 9 December 2022 and define its tasks, work mechanism and remuneration, Audit Committee members as follows: 1. Mr. Ayidh M. Al-Qarni - Chairman (Board Member - Independent); 2. Mr. Mohammed F. Al-Nader (Independent Member - outside Board); and 3. Mr. Mohammed F. Al-Kanani (Independent Member - outside Board).