News & insight

The National Shipping Company of Saudi Arabia (Bahri) Announces Resignation and Appointment of a Board Member

01 FEB 2024

Element List Explanation
Introduction The National Shipping Company of Saudi Arabia (Bahri) announces that its Board of Directors, on 1/2/2024 has approved the resignation of Board Member Eng. Ibrahim Qassim Albuainain from his membership in the Board of Directors. The Members of the Board expressed gratitude to Eng. Ibrahim Albuainain for his contributions to the company over the past period and extended their best wishes for his ongoing success.



The Board of Directors also approved the appointment of Eng. Ahmed Mohammed Alkhunaini as a member of the Board of Directors, effective 1/2/2024.

Element List Explanation
Resigned Member Name Eng. Ibrahim Qassim Albuainain
Membership Type Independent
Resignation Submission Date 2024-01-24 Corresponding to 1445-07-12
Resignation Effective Date 2024-02-01 Corresponding to 1445-07-20
Membership Starting Date for the Resigned Member 2023-01-16 Corresponding to 1444-06-23
Reasons of Resignation Personal reasons
Element List Explanation
Appointed Member Name Eng. Ahmed Mohammed Alkhunaini
Membership Type Independent
Membership Start Date 2024-02-01 Corresponding to 1445-07-20
Brief Resume of the Appointed Member Eng. Ahmed Alkhunaini has been newly appointed as the acting Senior Vice President of Sales, Trading and Supply Planning, effective September 1, 2023. In this position, he is overseeing company’s global sales of crude oil and liquefied petroleum gas, its hydrocarbon supply planning network which includes the company’s domestic sales of refined products and feedstock. He also oversees the global trading of hydrocarbons and chemicals, a function performed by Aramco Trading Company (ATC), an integrated global trading company and wholly owned subsidiary of Saudi Aramco.



Before this role, Eng. Ahmed served as the President and CEO of Aramco Overseas Company (AOC) effective August 2021. AOC is also known as Aramco Europe, is a subsidiary of the company with responsibilities including the management of procurement, engineering, HR and finance for Saudi Aramco in EU and the UK. AOC is also the sole shareholder of company’s investments worldwide.

The date of the approval by other official authorities Not applicable
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-02-01 Corresponding to 1445-07-20
Board Approval The Board’s approval is not considered final, and this appointment will be presented at the first general assembly meeting for final approval.