SAUDI ARABIA - The Board Of Saudi Aramco.

This company's board of directors has 12 members. On Oct. 30, 2001, King Fahd issued a Royal Order changing four of the members, with the board's three-year tenure effective from Nov. 30. The previous board change was made in late Feb. 1996.

The board includes: (1) Minister Naimi, as chairman; (2) Dr. Abdel Rahman Bin Abdel Aziz Al Tuweijri, close to Prince Abdullah and secretary general of the Supreme Economic Council, appointed Oct. 30, 2001 to succeed Commerce Minister Osama Al Faqih who became a board member in late Feb. 1996; (3) Finance & Economy Minister Dr. Ibrahim Al Assaf, retained since 1996; (4) State Minister and Saudi Ports Authority Chairman Dr. Abdel Aziz Bin Ibrahim Al Manie', appointed Oct. 30, 2001 replacing State Minister Musaed Al Ayban who became member in Feb. 1996; (5) Dr. Mohammed Bin Ibrahim Al Suwayel, vice president of the King Abdel Aziz City for Science & Technology, appointed Oct. 30, 2001 replacing Abdel Aziz Al Dukhayil who is rector of King Fahd University of Petroleum & Minerals; (6) Abdullah Jum'ah, president of Saudi Aramco, retained since Aug. 1995; (7) Sadad Bin Ibrahim Al Husseini, exec. vice president (EVP), retained since Feb. 1996; (8) Abdel Aziz Al Hokail, EVP for manufacturing, retained since Feb. 1996; (9) Abdullah Bin Saif Al Saif, SVP for E&P, retained since 1989; (10) Victor Beghini, former CEO of Marathon which is a 20% partner in the ExxonMobil-led Core Project 2 for the Red Sea, appointed Oct. 30, 2001 replacing Harold Haynes who is vice chairman of Bechtel Enterprises and former chairman of Chevron; (11) James Kinnear, a former CEO of Texaco, retained since Feb. 1996; and (12) Rodney Wagner, of Morgan Guaranty, retained since 1989.

Attached to the board of director are executive commissions. These are formed on ad hoc basis, especially when the board needs additional studies concerning major projects or a big overseas acquisition. Such a committee is formed also to study major problems or disputes.