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The Board of Directors of the Saudi Arabian Oil Company (“Saudi Aramco”) invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Aramco’s Board of Directors is pleased to invite the Company’s shareholders to attend and vote at its Extraordinary General Assembly meeting (First Meeting) at 18:30 on Monday, May 6, 2024, corresponding to 27 Shawwal 1445H (based on the Umm Ul Qura calendar), to be held virtually via modern technology means provided through the Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Saudi Aramco Headquarters in Dhahran, virtual attendance only. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-06 Corresponding to 1445-10-27 |
| 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 registered on Saudi Aramco’s shareholders register at the Securities Depository Center Company (Edaa), as of the end of the trading session on the day of the Extraordinary General Assembly meeting, are eligible to participate and vote electronically during the meeting in accordance with the relevant rules and regulations. Registration to attend the Extraordinary General Assembly meeting will close at the meeting start time. Eligibility to vote on the agenda ends once the counting of votes has been concluded. |
| Quorum for Convening the General Assembly's Meeting | The Extraordinary General Assembly meeting shall be valid if one or more shareholders representing at least one half of the ordinary shares are in attendance, provided that the State is represented therein. If the required quorum is not satisfied, a second meeting shall be held one hour after the expiration of the designated period for convening the first meeting. The second meeting shall be valid if one or more shareholders representing at least one quarter of the ordinary shares are in attendance, provided that the State is represented therein. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing Saudi Aramco’s Board of Directors Report for the financial year ended December 31, 2023. 2. Reviewing and discussing Saudi Aramco’s Financial Statements for the financial year ended December 31, 2023. 3. Discussing the Auditor’s Report for the financial year ended December 31, 2023. 4. Voting on the election of the members of the Board of Directors for a new term, commencing on July 1, 2024, for a period of three years ending on June 30, 2027 (CVs are attached). 5. Voting on the amendment of Article (16) of the Company’s Bylaws relating to the election of a temporary member of the Board. 6. Voting on the amendment of Article (18) of the Company’s Bylaws relating to the remuneration of the Board. 7. Voting on the amendment of Article (22) of the Company’s Bylaws relating to the recording of deliberations and decisions of the Board. 8. Voting on the amendment of Article (26) of the Company’s Bylaws relating to the invitation for the general assembly. 9. Voting on the amendment of Article (32) of the Company’s Bylaws relating to the agenda of the general assembly. 10. Voting on the amendment of Article (37) of the Company’s Bylaws relating to the Company’s financial statements, Board report, and the Auditor’s report. 11. Voting on the amendment of Article (41) of the Company’s Bylaws relating to the liability of Board members. 12. Voting on the amendment of Article (44) of the Company’s Bylaws relating to the rights of shareholders in filing a lawsuit against the Company or the Board. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders who are registered in the Tadawulaty system may participate and vote electronically on the Extraordinary General Assembly meeting’s agenda through Tadawulaty’s website https://login.tadawulaty.com.sa/ir/user/login.xhtml?lang=en Voting and registration in the Tadawulaty system are provided free of charge to all shareholders. Specific inquiries from shareholders relating to the agenda for the Extraordinary General Assembly can be sent using the following online form, which will be made available starting from the time of this announcement. Any questions submitted using the form will be addressed as appropriate during the meeting. https://www.aramco.com/en/investors/shareholder-information/general-assembly-meetings |
| Details of the electronic voting on the Assembly’s agenda | Electronic voting will start at 1:00 AM on Thursday, May 2, 2024 corresponding to 23 Shawwal 1445H (based on the Umm Ul Qura calendar), and will continue until the counting of the votes has been concluded. |
| Method of Communication in Case of Any Enquiries | For general inquiries and more information, contact the Investor Relations Department using the following link: https://www.aramco.com/en/investors/investor-contact-form |
| Additional Information | Saudi Aramco encourages all its shareholders to review the General Assembly Procedures, which are attached to this invitation and available through the following link: https://www.aramco.com/en/investors/shareholder-information/general-assembly-meetings The Annual Report which contains the Board of Directors Report, Financial Statements, Auditor’s Report, and Audit Committee Report for the financial year ended December 31, 2023, can be viewed through the following link: https://www.aramco.com/-/media/publications/corporate-reports/annual-reports/saudi-aramco-ara-2023-english.pdf |
| 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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