Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, (First Meeting), held through modern technology, on Wednesday 2022-05-11 Corresponding to 1443-10-10 |
| City and Location of the General Assembly's Meeting | Riyadh – Head Office, Al-Ahsa Street By Means Of Modern Technology |
| Date of the General Assembly's Meeting | 2022-05-11 Corresponding to 1443-10-10 |
| Time of the General Assembly's Meeting | 20:30 |
| Percentage of Attending Shareholders | 41.88 |
| 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:
Fahad Saleh Al-Jarbou (Board Chairman) Thamer Mohammed Al Muhaid (Managing Director) Abdulrahman Abdulaziz Alyamni (Board Member) Mohammed Saud Al-Bader (Board Member) Fawaz Mohammed Al Fawaz (Board Member) Mohammed Saad Bin dawood (Board Member) Sultan Abdulaziz AL Hamidi (Board Member) Mohammed Omair Al-Otaibi (Board Member)
Excused directors: Obaid Abdullah Alrasheed (Deputy Chairman) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Fahad Saleh Al-Jarbou (Chairman of Executive Committee)
Sultan Abdulaziz AL Hamidi (Chairman of Nomination and Remuneration Committee) Fawaz Mohammed Al Fawaz (Chairman of the audit committee ( Mohammed Saad Bin dawood (Member of Risk and Governance Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approved on the Board of Directors' report for the fiscal year ending on 12/31/2021
2- Approved on the company's financial statements for the fiscal year ending on 12/31/2021
3- Approved on the auditor's report for the fiscal year ending 12/31/2021
4- Approved to absolve the members of the Board of Directors from liability for the fiscal year ending on 12/31/2021
5- Approved on disbursing an amount of 2,020,800 riyals as a reward to the members of the Board of Directors for the fiscal year ending on 12/31/2021
6- Approved to appoint the Ernst & Young, Price Waterhouse company's auditor from among the candidates based on the recommendation of the Audit Committee, to examine and review the financial statements for the third and annual quarter of the fiscal year 2022 and the first and second quarters of 2023 and determine their fees.
7- Approved to authorize the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the fiscal year 2022, and to determine the date of maturity and distribution in accordance with the regulations and regulatory procedures issued in implementation of the Companies Law, in line with the company's financial position, cash flows, expansion and investment plans. |
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