Saudi Steel Pipe Company Announces Appointment of an Audit Committee Member

Element ListExplanation
Introduction Saudi Steel Pipe Company announces the appointment of Mr. Claudio Andres Tocco as Audit Committee Member, as approved by the Board on 18 Rabiul Awwal 1442, corresponding to 04 November 2020.

Mr. Claudio Andres Tocco will complete the remaining period of the term of current Committee until 6 June 2022.

Element ListExplanation
Appointed Member Name Mr. Claudio Andres Tocco
Membership Start Date 2020-11-05 Corresponding to 1442-03-19
Brief Resume of the Appointed Member Mr. Claudio Tocco has an extensive experience in finance, accounting, internal control and governance, with almost 27 years in the tubular industry. He is currently the Finance Director for Asia Pacific at Tenaris. Previously he has held several managerial positions in Latin America and Asia.

He currently serves as vice-chairman of Seamless Pipe Indonesia Jaya, Chairman of Tenaris Global Services Japan, Managing Director of Hydril Private (Singapore) and board member in Tenaris Qindao Steel Pipes Ltd, Tenaris Global Services Australia and Tenaris Global Services Thailand.

He holds a Bachelor degree in Industrial Engineering, graduated from the Rosario National University, Argentina in 1993.

Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2020-11-04 Corresponding to 1442-03-18
Board Approval The appointment of Mr. Claudio Andres Tocco will be presented to the shareholders for their approval in the next General Assembly Meeting.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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