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Neft Alsharq Company for Chemical Industries Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Neft Alsharq Chemical Industries Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, at 8:45 p.m. on Wednesday, 24 June 2026, corresponding to 9 Muharram 1448H, through modern technology means. |
| City and Location of the General Assembly's Meeting | Riyadh – through modern technology means only via the Tadawulaty system. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-24 Corresponding to 1448-01-09 |
| Time of the General Assembly’s Meeting | 20:45 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Eligibility to attend the General Assembly Meeting shall be limited to shareholders registered in the issuer’s shareholders register at the Securities Depository Center (Edaa) by the end of the trading session preceding the General Assembly Meeting, in accordance with the applicable laws and regulations. A shareholder may appoint a proxy to attend the meeting on his/her behalf, provided that the proxy is not a member of the Company’s Board of Directors. The right to register attendance for the General Assembly Meeting shall expire upon the commencement of the meeting. Shareholders attending the meeting may vote on the agenda items until the Vote Counting Committee completes the counting of votes. |
| Quorum for Convening the General Assembly's Meeting | Pursuant to Article (42) of the Company's Bylaws, an Ordinary General Assembly Meeting shall be valid only if attended by shareholders representing at least one-quarter of the Company's voting shares. If the required quorum for holding the first meeting is not met, a second meeting shall be held one hour after the expiry of the period specified for the first meeting. The second meeting shall be deemed valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- Reviewing and discussing the Board of Directors’ Report for the fiscal year ended 31 December 2025. 2- Voting on the External Auditor’s Report for the fiscal year ended 31 December 2025, after discussing it. 3-Reviewing and discussing the audited financial statements for the fiscal year ended 31 December 2025. 4- Voting on the appointment of the Company’s external auditor from among the nominated candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the first half and the annual financial statements of the fiscal year 2026, and to determine the auditor’s fees. 5- Voting on the payment of remuneration to the members of the Board of Directors amounting to SAR 315,000 for the fiscal year ended 31 December 2025. 6- Voting on the payment of remuneration to the members of the Audit Committee amounting to SAR 97,500 for the fiscal year ended 31 December 2025. 7- Voting on the discharge of the members of the Board of Directors from liability for the fiscal year ended 31 December 2025. 8- Voting on authorizing the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the fiscal year ending 31 December 2026. 9- Voting on delegating the powers of the Ordinary General Assembly to the Board of Directors with respect to the authorization set forth in Paragraph (1) of Article (27) of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the delegated Board’s term, whichever occurs earlier, in accordance with the conditions stipulated in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The esteemed shareholders have the right to discuss the items listed on the agenda of the Ordinary General Assembly Meeting and direct questions thereon. Shareholders registered in Tadawulaty services may also vote remotely and electronically on the agenda items of the General Assembly through the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services may vote remotely and electronically on the agenda items of the General Assembly Meeting starting from 1:00 a.m. on Saturday, 20 June 2026, corresponding to 5 Muharram 1448H, until the end of the General Assembly Meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders via the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Questions and inquiries from esteemed shareholders regarding the Ordinary General Assembly will be received by the Investor Relations Department. You may contact the department via phone at: 0550094588 or via email at: Info@neftalsharq.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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Last Price 2.8
Net Change 0.0 (0.0%)
Value Traded (Sar) 2,348.37
Volume Traded 896
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