Board Composition

Board of Directors

The Board has the broadest powers and authorities to manage Luberef and its affairs and carry out all actions and procedures to achieve Luberef’s objectives, subject to any restrictions imposed by the provisions of the Companies Law or the Bylaws.

Luberef’s Board is composed of six members who were appointed by the Conversion Assembly on August 14, 2022, for a period of five years. The Board Members have extensive experience in the oil and gas industry including refining, chemicals, energy, engineering, finance, audit, and risk management.

With diverse backgrounds and decades of combined experience, the Board is well balanced and able to perform its duties in line with the highest standards of corporate governance.

The Board may delegate any of the Board’s powers, within the limits of its authorities, to one or more of the Board Members, managers, officers, employees, or third parties to perform specific actions or duties on behalf of Luberef. It also has the right to revoke such delegations, in whole or in part, and to authorize the delegate the right to delegate specific responsibilities to others.