SABIC: It’s big, it needs time, but the direction is right

Research evidence excerpt

SABIC: It’s big, it needs time, but the direction is right

Abdessamad Raghibi, Ph.D. +212 5 22 86 79 41 abdessamad.raghibi@bernsteinsg.com 9 July 2026

GOVERNANCE

SABIC's board combines extensive chemicals, energy and financial expertise, with several directors holding senior leadership

positions at Saudi Aramco and global industrial companies. Governance is supported by a high level of independence, with

independent directors representing 33% of the board, including the Chairman, while non-executive directors account for

a further 56%. The board is predominantly Saudi (78%) and has an average age of 62 years, providing a blend of industry

experience, shareholder alignment and independent oversight.

EXHIBIT 19: SABIC - Board of Directors

Name Position Tenure in Position Relevant Experience Education

Former Senior VP of Finance, Strategy & Development at

Khalid Al-Dabbagh Chairman Since June 2020 Saudi Aramco; extensive experience in global finance and BSc Industrial Engineering

petrochemical strategy.

Over 35 years in the petrochemical industry; previously

CEO & Board Appointed CEO March

Abdulrahman Al-Fageeh held several executive VP roles within SABIC's core MBA; BSc Chemical Engineering

Member 2023

businesses.

President of Downstream at Saudi Aramco; expertise in

Dr. Mohammed Al-Qahtani Director Since 2023 PhD; MSc; BSc Petroleum Engineering

global energy value chains and downstream integration.

Executive VP and CFO at Saudi Aramco; strong background

Ziad Al-Murshed Director Since 2023 in financial oversight, capital markets, and strategic BSc Chemical Engineering; MBA

planning.

Extensive executive experience in chemical manufacturing

Yousef Al-Zamel Director Since 2023 BSc Chemical Engineering

and business development.