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Yanbu National Petrochemical Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

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Introduction Yanbu National Petrochemical Company (YANSAB) announces the results of the 14th Ordinary General Assembly meeting (First meeting) through modern technology means
City and Location of the General Assembly's Meeting Through modern technology means from the Company’s office in Yanbu Industrial City (using Tadawulaty system)
Date of the General Assembly's Meeting 2022-03-23 Corresponding to 1443-08-20
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 70.7%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board members attended the meeting:

1. Eng. Abdulrahman A. Shamsaddin (Chairman)

2. Eng. Majed A. Nouraddin (Vice Chairman).

3. Mr. Ibrahim M. Al-Saif.

4. Dr. Ahmad A. Al-Meghames.

5. Mr. Khalid B. Al-Rabiaah.

6. Eng. Sameeh S. Al-Sahafi.

7. Eng. Faisal M. Al-Bahair..

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The following Committees’ Chairmen attended the meeting:

1.Mr. Ibrahim M. Al-Saif (Chairman of Audit Committee).

2.Dr. Ahmad A. Al-Meghames (Chairman of Remuneration and Nomination Committee).

3.Mr. Khalid B. Al-Rabiaah (Chairman of Risk Committee).

4.Eng. Abdulrahman A. Shamsaddin (Chairman of Investment Committee).

Voting Results on the Items of the General Assembly's Meeting Agenda's 1.Approve the External Auditor Report for the fiscal year ended on 31 December 2021.

2.Approve the Financial Statements for the fiscal year ended on 31 December 2021.

3.Approve the Board of Directors Report for the fiscal year ended on 31 December 2021.

4.Approve the appointment of PricewaterhouseCoopers (PWC) as the External Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee to review and audit financial statements of the first quarter, second quarter, third quarter, fourth quarter and the annual of the fiscal year 2022, in addition to first quarter of the fiscal year 2023, and determining the fees.

5.Approve the discharge of the Board of Directors members for the fiscal year ended 31 December 2021.

6.Approve the disbursement of SAR (1,400,000) as remuneration to the Board members for the fiscal year ended on 31 December 2021.

7.Approve the recommendation of the Board of Directors to distribute cash dividends with total amount (SAR 843,750,000) to shareholders for the second half of the year 2021 at SAR 1.5 per share, which represents 15% of par value. Eligibility will be to the shareholders at the end of trading on the day of the General Assembly registry at the Depository Center (Edaa Center) at the end of the second trading day following Eligibility day, the distribution day will start from Wednesday 30 March 2022.

8.Approve authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2022.

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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