Saudi kayan Company invites its shareholders to attend the Ordinary General Assembly meeting (first meeting) remotely by using modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Kayan petrochemical Company (Saudi Kayan) is pleased to invite its shareholders to attend the Ordinary General Meeting (First Meeting) scheduled at 6:30 PM on Thursday, 05/08/1442H (corresponding 18/03/2021G) remotely through contemporary technology using Tadawulaty. This is within the support or preventive and precautionary efforts and measures by the competent health authorities to address the emerging corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent the spread. |
| City and Location of the General Assembly's Meeting | Company Headquarters - Jubail Industrial City - Through Contemporary Technology. |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2021-03-18 Corresponding to 1442-08-05 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | According to Article (31) of Company bylaws, the meeting shall be valid if attended by shareholders representing at least 50% of Company capital. In case of non-completion of the quorum at the meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Voting on External Auditor Report for the fiscal year ended on 31/12/2020.
2- Voting on the Financial Statements for the fiscal year ended on 31/12/2020. 3- Voting on the Board of Directors Report for the fiscal year ended on 31/12/2020. 4- Voting on the appointment and determining the fees 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, fourth quarter and the annual of the fiscal year 2021. In addition to the first quarter of the fiscal year 2022. 5- Voting on the discharge of the Board of Directors members for the fiscal year ended 31/12/2020. 6- Voting on disbursement of SAR (1,400,000) as remuneration to the Board members for the fiscal year ended as of 31/12/2020. 7- Voting on the election members of the Board of Directors among them there will be four members appointed by the Saudi Basic Industries Corporation (SABIC) for the next term, which begins on 20/03/2021 for a period of three years ending on 19/03/2024. (CVs are attached). 8- Voting on the formation of the Audit Committee and on its role, responsibilities, processes and the remuneration of its members for the new term which begins on 20/03/2021 for a period of three years ending on 19/03/2024 (CVs are attached). They are: Dr. Waleed Ahmed Al Shalfan Mr. Khalid Ali AlGarni Mr. Bashar Talal Kayyali Mr. Yahya Issa Al-Ansari |
| Proxy Form | |
| E-Vote | The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start on Friday 14/03/2021 Corresponding to 01/08/1442 H at 10:00 AM, and the voting will end once the Ordinary General Meeting ended. Please note that registration in Tadawulaty service and voting is provided free of charge. |
| 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, please contact Investor Relations Department at Telephone No:- 0133563345 or Email: [email protected] |
| Attached Documents |  |
Comments