Saudi Aramco Base Oil Company - Luberef Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) via modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Aramco Base Oil Company - Luberef is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) scheduled to be held on Sunday, 10/10/1444 H,30/04/2023 G at 19:30 via Modern Technology Methods. |
| City and Location of the General Assembly's Meeting | Head office - Jeddah city -via modern technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-04-30 Corresponding to 1444-10-10 |
| Time of the General Assembly's Meeting | 19:30 |
| Attendance Eligibility | Shareholders Registered in the Company’s Shareholders Registry in the Depository Centre (Edaa) At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations. Shareholders have the right to discuss the topics on the agenda of the assembly and direct their inquiries to the board and auditor. |
| Quorum for Convening the General Assembly's Meeting | The General Assembly Meeting shall be valid only if attended by shareholders representing at least half of the share capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | 1. View and discuss the Company’s annual board report for the financial year ended on 31 December 2022G.
2. View and discuss the Company’s financial statements for the financial year ended on 31 December 2022G.
3. Voting on the external auditor report for the financial year ended on 31 December 2022G, after discussing it.
4. Voting on the appointment of the Company’s external auditor, from amongst the candidates based on the board’s and audit committee’s recommendation, and setting its remuneration for review and audit financial statements of the First, second, third quarter, and the annual of the fiscal year 2023.
5. Voting on the board’ recommendation to distribute cash dividend for the second half of 2022G with a total amount of SAR 841,285,750, and representing SAR 5 per share representing 50% of the nominal value of the share. The eligibility shall be for the shareholders who own the shares at the close of the market on the day of general assembly, and who are registered in the shareholders’ register at the Securities Depository Center Company (Edaa) at the end of the second trading day following this eligibility date. Disbursement of the dividend shall be within 15 days of eligibility date.
6. Voting on authorizing the board of directors to distribute interim (semi-annual or quarterly) dividends for the financial year 2023G.
7. Voting to exonerate the board members from liability for the financial year ended on 31 December 2022G. |
| Proxy Form |  |
| E-Vote | Shareholders registered in Tadawulaty Services can vote remotely on the agenda items of the assembly starting from 1:00 am on Wednesday, 06/10/1444, 26/04/2023 until the end of the assembly, and registration and voting in Tadawulaty service will be available and free of charge to 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 Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes. |
| Method of Communication | For inquiries and questions please contact Investor Relations Department by phone number 0122296475 or emailing [email protected] |
| Attached Documents | |
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