Yanbu National Petrochemical Company (YANSAB) Invites its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting ) through modern technology means
|Introduction||The Board of Directors of Yanbu National Petrochemical Company (YANSAB) is pleased to invite its shareholders to attend the company's fifteenth Ordinary General Assembly meeting (First meeting), which is scheduled to be held, at exactly 6:30 pm on Tuesday 15 Shaban 1444H corresponding to March 7, 2023, from the Company's main headquarters in Yanbu Industrial City, utilizing modern technology through the use of Tadawulaty system.|
|City and Location of the General Assembly's Meeting||Through modern technology means from the Companys 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||2023-03-07 Corresponding to 1444-08-15|
|Time of the General Assembly's Meeting||18:30|
|Attendance Eligibility||Each shareholder who is registered in the Companys Shareholders Register at the Securities Depository Center at the end of the trading session preceding the General Assembly meeting has the right to register electronic attendance and vote using the (Tadawulaty system) at the 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 2022.
2.Review and discuss on the Financial Statements for the fiscal year ended on 31 December 2022.
3.Review and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2022.
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 second quarter, third quarter and the annual of the fiscal year 2023, in addition to first quarter 2024 financial statements, and determining the fees.
5.Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2022.
6.Voting on the recommendation of the Board of Directors to distribute cash dividends to shareholders for the second half of the year 2022 with total amount (SAR 703,125,000) at SAR 1.25 per share, which represents 12.5% of par value. Eligibility for the second half dividends of the year will be to the shareholders registered in the Company’s share registry at the Depository Center at the end of the second trading day following Ordinary General Meeting date, the date of the distribution will be announced later.
7.Voting on the election of the Board of Directors’ members for the next Board term of three years starting on 16/03/2023 and ending on 15/03/2026, (CVs are attached).
8.Voting on the formation of the Audit Committee, defining its duties, working procedure and members’ remuneration for the new term of three years – starting on 16/03/2023 and ending on 15/03/2026 , Here-attached CVs of the below listed candidates:
•Mr. Ibrahim Mohammed Al-Saif
•Mr. Abdullah Abdulmonem Al-Sinan
•Dr. Ahmed Abdullah Al-Meghames
9.Voting on authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2023.
|E-Vote||Shareholders can remotely vote on the General Assembly Meetings agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa Please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Friday, Shaban 11, 1444H, corresponding to March 03, 2023, at 01:00 am the voting will end once the Ordinary General Meeting ended.|
|Eligibility for Attendance Registration and Voting||Eligibility for Registering the Attendance of the General Assemblys Meeting Ends upon the Convenience of the General Assemblys 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: firstname.lastname@example.org|