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Saudi Chemical Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Chemical Co. is pleased to invite shareholders to participate and vote in the Ordinary General Assembly Meeting on Wednesday 08/05/2024 at 06:30p.m, corresponding to 29/10/1445H, through a virtual meeting platform. |
| City and Location of the General Assembly's Meeting | Riyadh – Head Office, Al-Ahsa Street by Means Of Modern Technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-08 Corresponding to 1445-10-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | As per the provisions of Article (37) of the Articles of Association of the company, the Ordinary General Assembly valid if attended or participated in by shareholders representing at least one-fourth of the company's voting shares, either in person or through modern technological means. If the necessary quorum for holding this meeting is not met, a second meeting shall be held one hour after the end of the specified period for the first meeting, the second meeting shall be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Reviewing and discussing the board report for the fiscal year ending December 31, 2023. 2- Reviewing and discussing the financial statements for the fiscal year ending December 31, 2023. 3- Voting and discussing on the Auditor’s Report for the fiscal year ending December 31, 2023. 4- Voting on the payment of SAR (3,400,000) as a remuneration to members of the board of directors for the fiscal year ending December 31, 2023. 5- Voting on the discharge of the members of the Board of Directors for the fiscal year ending December 31, 2023. 6- Voting on the appointment of the External Auditors for the company based on the Audit Committee’s recommendation. The appointed External Auditors shall examine, review, and audit the third quarter and annual financial statements of the fiscal year 2024, and the first and second quarter of the fiscal year 2025, and determination of the External Auditors’ fees. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | All shareholders registered on Tadawulaty shall be able to remotely vote on the agenda items of the Extraordinary General Assembly virtual meeting, which shall commence at 01:00 am on Sunday 05/05/2024 (corresponding to 06/10/1445H) up to the end of the meeting. Registration and voting in Tadawulaty services shall be available for all shareholders free of charges through the following link: http://www.tadawulaty.com.sa. The shareholders also have the right to discuss topics on the assembly’s agenda and raise questions. |
| Details of the electronic voting on the Assembly’s agenda | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes. |
| Method of Communication in Case of Any Enquiries | For any inquiries about GA items, please contact the Shareholders Officer through: Phone: 0114515771 FAX: 0112066349 Or through the following email: Shareholders.Affairs@saudichemical.com |
| Attached Documents | |
The Capital Market Authority and Saudi 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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