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Yanbu National Petrochemical Company (YANSAB) Invites its Shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting) through modern technology means

2/28/2024

 
Element List Explanation
Introduction The Board of Directors of Yanbu National Petrochemical Company (YANSAB) is pleased to invite its shareholders to participate and vote the company's fifth Extraordinary General Assembly meeting (First meeting), which is scheduled to be held at exactly 09:30 pm on Wednesday 10 Ramadan 1445H corresponding to March 20, 2024, Through modern technology means from the Company’s office in Yanbu Industrial City (using Tadawulaty system).
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)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-03-20 Corresponding to 1445-09-10
Time of the General Assembly’s Meeting 21:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Each shareholder who is registered in the Company’s Shareholders Registry at the Securities Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations, Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions.
Quorum for Convening the General Assembly's Meeting The legal quorum for holding the extraordinary general assembly is the presence of shareholders representing at least half the capital (fifty percent (50%) of the capital). If such quorum is not met at the first meeting a second meeting shall be held within an hour following the time set for the first meeting, the second meeting shall be valid if attended by shareholders representing at least twenty-five percent (25%) of the capital.
General Assembly Meeting Agenda 1.Review and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2023.

 

 

2.Voting on External Auditor Report for the fiscal year ended on 31 December 2023.

 

3.Review and discuss on the Financial Statements for the fiscal year ended on 31 December 2023.

 

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 2024, in addition to first quarter 2025 financial statements, and determining the fees.

 

5.Voting on authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2024.

 

6.Voting on disbursement of SAR (1,400,000) as remuneration to the Board members for the fiscal year ended on 31 December 2023.

 

7.Voting on the amendment of the Board Membership Policy (Attached).

 

8.Voting on the amendment of the Remuneration Policy of Board Members, Committee Members and Senior Executives (Attached).

 

9.Voting on the amendment of the Social Responsibility Policy (Attached).

 

10.Voting on the amendment of the Audit Committee Charter (Attached).

 

11.Voting on the amendment of the Remuneration and Nomination Committee Charter (Attached).

 

12.Voting on amending Article No. (17) Of the Company's bylaws related to the Management of the Company (Attached).

 

13.Voting on amending Article No. (21) Of the Company's bylaws related to the Authorities of the Board (Attached).

 

14.Voting on amending Article No. (23) Of the Company's bylaws related to the Authorities of the Chairman and Vice Chairman (Attached).

 

15.Voting on amending the company’s bylaws in accordance with the new Companies Law, and rearranging the bylaws’ articles and numbering to be consistent with the proposed amendments (attached).

 

16.Voting on transferring the Statutory Reserve amount of (SR 1,687,500,000) – as stated in the financial statements for the year ended on 31 Dec 2023 – to the Retained Earnings account.

 

17.Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2023.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions, Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders can remotely vote on the General Assembly Meeting’s 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 Saturday, Ramadan 06, 1445H, corresponding to March 16, 2024, at 01:00 am and the voting will end once the Extraordinary General Meeting ends.
Method of Communication in Case of Any Enquiries If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0143259514 or E-mail: shares@yansab.sabic.com
Attached Documents