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Yanbu National Petrochemical Company (YANSAB) Invites its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting) through modern technology means
3/02/2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of Yanbu National Petrochemical Company (YANSAB) is pleased to invite its shareholders to participate and vote in the company's Fourteenth Ordinary General Assembly meeting (First meeting), which is scheduled to be held, at exactly 6:30 pm on Wednesday 20 Shaban 1443H corresponding to March 23, 2022 via modern technology means, to ensure the safety of shareholders to support the preventive and precautionary efforts and measures by the health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in The Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| 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) |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-03-23 Corresponding to 1443-08-20 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Each shareholder who is registered in the Company’s Shareholders Registry at the Depository Center at the end of the trading session preceding the General Assembly meeting has the right to attend Assembly meeting, according to the rules and regulations |
| Quorum for Convening the General Assembly's Meeting | The legal quorum for holding the ordinary general assembly is the presence of shareholders who represent at least half of the capital. If the quorum required to hold the meeting is not complete, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting on External Auditor Report for the fiscal year ended on 31 December 2021.
2. Voting on the Financial Statements for the fiscal year ended on 31 December 2021.
3. Voting on the Board of Directors Report for the fiscal year ended on 31 December 2021.
4. Voting on the appointment of an 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 2023 financial statements, and determining the fees.
5.Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2021.
6. Voting on disbursement of SAR (1,400,000) as remuneration to the Board members for the fiscal year ended on 31 December 2021.
7. Voting on 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.Voting on authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2022. |
| Proxy Form |  |
| E-Vote | Shareholders registered in Tadawulaty services will be able to vote remotely on General Assembly Meeting’s items start at 10:00 Sunday, Shaban 17, 1443H, corresponding to March 20, 2022, and until the end of the Ordinary General Assembly time. Registration and voting via Tadawulaty services will be available and free of charge for all shareholders using the following link. https://www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | 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 Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0143259514 and 0143259528 E-mail: shares@yansab.sabic.com |
| Attached Documents | |