Saudi Arabian Oil Company (Saudi Aramco) invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting)
|Introduction||Saudi Aramco’s Board of Directors is pleased to invite its shareholders to its 2021 ordinary general assembly meeting (First Meeting) on July 1, 2021 (corresponding to 21 Dhu-al-Qa’dah 1442H) to be held virtually via modern technology means provided through the Tadawulaty system, pursuant to the applicable COVID-19 related precautionary measures, as required by the relevant authorities in the Kingdom.|
|City and Location of the General Assembly's Meeting||Saudi Aramco Headquarters in Dhahran, virtual attendance only|
|URL for the Meeting Location||Click Here|
|Date of the General Assembly's Meeting||2021-07-01 Corresponding to 1442-11-21|
|Time of the General Assembly's Meeting||19:00|
|Attendance Eligibility||Shareholders registered in Saudi Aramco’s shareholders register at the Securities Depository Center (Edaa), as of the end of the trading session on the day of the general assembly meeting, are eligible to participate and vote electronically during the meeting in accordance with the relevant rules and regulations.|
|Quorum for Convening the General Assembly's Meeting||The ordinary general assembly meeting shall be valid only if one or more shareholders representing at least one quarter 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 regardless of the number of ordinary shares represented therein, provided that the State is represented therein.|
|General Assembly Meeting Agenda||1. Voting on the Board of Directors Report for the financial year ended December 31, 2020. |
2. Voting on the appointment of the External Auditor for Saudi Aramco, from the nominees, based on the recommendation of the Board, to perform audits and review of the interim financial statements starting with the 2021 quarterly (second and third) and annual statements up to and including the first quarter of 2031, and determining their fees.
3. Voting on the election of the members of the Board of Directors for the next term, commencing on July 1, 2021, for a period of three years ending on June 30, 2024 (CVs are attached).
4. Voting on Saudi Aramco’s Competition Standards in accordance with Article 46(3) of the CMA Corporate Governance Regulations (attached).
|E-Vote||Shareholders who are registered in the Tadawulaty system may vote electronically on the general assembly meeting’s agenda through Tadawulaty’s website https://www.tadawulaty.com.sa. Voting and registration in the Tadawulaty system are provided free of charge to all shareholders. |
Electronic voting will start at 10:00 AM on Monday, 18 Dhu-al-Qa’dah 1442H (based on the Umm Ul Qura calendar), corresponding to June 28, 2021, and will continue until the general assembly meeting is concluded.
|Eligibility for Attendance Registration and Voting||Registration to attend the general assembly meeting will close at the meeting start time. Eligibility to vote on agenda items ends once the counting of votes has concluded.|
|Method of Communication||For general inquiries and more information, contact the Investor Relations Department using the following link: |
Specific inquiries from shareholders relating to the agenda items for the AGM 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 during the meeting.
|Additional Information||Saudi Aramco encourages all its shareholders to review General Assembly Procedures, which are attached to this invitation and available through the following link: |
The Capital Market Authority and the Saudi Stock 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.