The board of directors of Methanol Chemicals Co. is pleased to invite its shareholders owning 1 shares or more to attend Ordinary general assembly Meeting to be held in the Novotel Hotel , Dammam (https://goo.gl/maps/8hGtYXjg71u) on 28-12-2017 corresponding to 10-04-1439 at 18:30 to consider the following agenda:
1-To vote on the update of the Nomination & Remuneration Committee Regulation (attached).
2-To vote on the update of the Policies, Standards and Procedures for membership of the Board of Directors (attached).
3-To vote on the Board Members & Senior Executives Remuneration Policy (attached).
As per the rules and regulations, all Company Shareholders who are registered at the Securities Depository Centre Co. (Depository Centre) on the end of the trading session that precedes the General Assembly Meeting shall have the right to attend the meeting. The meeting shall not be valid unless it is attended by Shareholders representing at least 25% of the Company's capital. Each Shareholder has the right to attend the Ordinary General Assembly Meeting and votes shall be calculated on the basis of one vote for each share. If no quorum has been achieved in the first meeting, a second meeting shall be held after one hour of the time specified for the first meeting and such meeting shall be valid if attended by any number of Shareholders. If a Shareholder is unable to attend the meeting, he may delegate any person other than the members of the Board of Directors or employees of the Company. Such delegation must be pursuant to a written power of attorney setting out the full name of the delegate attested by Chambers of Commerce & Industry if the Shareholder is associated to one of them, or by a licensed bank or a person licensed for attestation activities in the Kingdom, provided that the authorizing Shareholder holds an account with the attesting bank, licensed Person, Notary public or Persons licensed for attesting activities. A copy of the proxy must be sent to the Company at least two days prior to the assembly meeting, at the following address:
c/o the Board Secretary
Methanol Chemicals Co.
P. O. Box 2101
Jubail 31951
Road 198
Jubail Industrial City
The representative of a Shareholder shall present the original copy of the proxy prior to the holding of the meeting. Shareholders who desire to attend the meeting in person or on behalf of other Shareholders are requested to arrive at least one hour prior to the commencement of the meeting in order to complete the necessary registration requirements in accordance with their identity cards.
It is worth mentioning that Shareholders can cast vote electronically on the agenda items on Tadawulaty website (www.tadawulaty.com.sa) through Thursday, 06/04/1439 H. corresponding to 24/12/2017, 10:00 am, to Thursday 10/04/1439 H. corresponding to 28/12/2017, 4:00 pm.
For further information or inquiry, please contact the Board Secretary on phone # 0133438008 or email address [email protected]