Sadara Basic Services Company announces that it held its ordinary general assembly meeting at the offices of Sadara Chemical Company, at Sadara Business Center, 3425 Lulu Road, First Industrial Area, Jubail 35717-8389, Kingdom of Saudi Arabia at 10:00hrs on Tuesday, 21/09/1439 H corresponding to 05/06/2018 G. The number of shares represented at the Assembly amounted to two hundred thousand (200,000) shares and an attendance rate of one hundred per cent (100%) of the shares in the Company. The resolutions of the meeting are as follows:
1. Approval of the Board of Directors report
2. Approval of the financial statements
3. Approval of the report of the auditor
4. Approval of the selection of KPMG Al Fozan & Partners as the external auditor for the fiscal year 2018G
5. Approval of the discharge of the members of the Board of Directors from liability
6. Approval of the election of the following members of the Board of Directors from among the candidates:
Sadara Sukuk Wahid B.V. (represented by Mr. Timothy Justice)
Sadara Sukuk Ithnayn B.V. (represented by Mr. Abdulmohsen Al Dossary)
Sadara Sukuk Thalatha (represented by Mr. Hamad Al Saleh)
Sadara Sukuk Arbaa B.V. (represented by Mr. Andrea Vigo)
7. Approval of the appointment of an audit committee consisting of:
Mr. Fahad M. Al Suhaibani
Mr. Abdulrahman J. Alshehri
Mr. Abdulla H. AlBinsaad
Mr. Saad A. AlAfaliq
Mr. Abdullah H. Alhassawi
8. Approval of the Board of Directors actions after the end of its term