Remuneration of Directors
Luberef has a policy which aims to ensure that its Directors and Executives are paid in a fair, justified and competitive manner. This approach is integral to promoting a conducive environment for business performance and our long-term objectives. This policy is aligned with the interests of Luberef and its shareholders, while attracting, retaining, and motivating talent.
| Name | Fixed Amount | Compensation for Board Meeting | Compensation for Committee Meeting | In Kind benefits | Payment for Committee Chairperson | Total |
|---|---|---|---|---|---|---|
| Independent Directors | ||||||
| Khalid D. Al Faddagh | 375,000 | 375,000 | 187,500 | 112,500 | ||
| Nabelah M. Al Tunisi | 375,000 | 375,000 | 187,500 | 56,250 | ||
| Abdulatif S. Al Shami | 375,000 | 375,000 | 375,000 | |||
| Subtotal | 1,125,000 | 1,125,000 | 750,000 | - | 168,750 | |
| Non-Executive Directors | ||||||
| Ibrahim Q. Al Buainain | 562,500 | |||||
| Andrew S. Katz | 562,500 | |||||
| Mohammed F. Al Ahmari | 562,500 | |||||
| Subtotal | 1,687,500 | - | - | - | - | |
| Total | 2,812,500 | 1,125,000 | 750,000 | - | 168,750 | 3,731,250 |
| Name | % of Profit | Periodic Remuneration | Short-term Incentive Plans | Long-term Incentive Plans | Granted Shares (Value) | Total | End-of-service Award | Aggregate Amount | Expense Allowance |
|---|---|---|---|---|---|---|---|---|---|
| Independent Directors | |||||||||
| Khalid D. Al-Faddagh | - | 16,875 | |||||||
| Nabelah M. Al Tunisi | 16,875 | ||||||||
| Abdulatif S. Al Shami | - | ||||||||
| Subtotal | - | - | - | - | - | - | - | - | 33,750 |
| Non-Executive Directors | |||||||||
| Ibrahim Q. Al Buainain | |||||||||
| Andrew S. Katz | |||||||||
| Mohammed F. Al Ahmari | |||||||||
| Subtotal | - | - | - | - | - | - | - | - | - |
| Total | - | - | - | - | - | - | - | - | 33,750 |
Senior Executives Remuneration for the year 2025
The remuneration of Luberef’s Senior Executives for the financial year 2025 compared to 2024 was as follows:
| Measure | 2025 | 2024 | Change Percentage |
|---|---|---|---|
| Total remuneration paid to the five highest paid executives including CEO and CFO¹ | 13,374,275 | 12,239,260 | 9% |
The Company disclosed the Executive Management’s remuneration in accordance with Article 90 of the Corporate Governance Regulations and the common disclosure practice in the Saudi Stock Market. The Company seeks to prevent the risks related to the detailed disclosure, guided by the discretionary authority in Article (63) of the RULES ON THE OFFER OF SECURITIES AND CONTINUING OBLIGATIONS issued by the Capital Market Authority.
1 The remuneration of the Senior Executives seconded from Saudi Aramco was calculated based on the amount paid by the Company to Saudi Aramco for the secondment arrangement. The Company does not pay any other remuneration for the seconded Senior Executives.
2 Last working date on 28/02/2025. 3 Last working date on 27/03/2025. 4 Last working date on 30/06/2025.