Remunerations of Board of Directors and Executive Management

Shuaiba Industrial Company K.P.S.C has established clear policy for the remuneration of the members of the board of directors and executive management. The nomination and remuneration committee prepares detailed annual report on all remunerations given to the members of board of directors and executive management whether cash amounts, benefits or privileges of whatever nature or title and such report shall be presented to the company general assembly for approval and shall be read by the chairman. The company shall apply accuracy and transparency standards upon preparation of the remuneration report, disclosing all granted remunerations whether direct or indirect and avoiding any attempted misleading or concealment.