Saudi Chemical Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Chemical Company , is pleased to invite the shareholders to the Ordinary General Assembly Meeting (the first meeting), scheduled to be held at 19:30 p.m. on Wednesday 26 MAY 2021 (14 SHAWWAL1442H) virtually through Tadawulaty Platform ( https://www.tadawulaty.com.sa ) which allows shareholders to participated in the deliberation and vote the agenda items. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly's Meeting | Riyadh – Head Office, Al-Ahsa Street By Means Of Modern Technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2021-05-26 Corresponding to 1442-10-14 |
| Time of the General Assembly's Meeting | 19:30 |
| 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 Item (30) from the company bylaw, the Ordinary General Meeting will be Quorum by the attendance of at least 25% of the company shares, if Quorum not completed in the first meeting, the second meeting will be held one hour after the specified time of the first meeting, Second Meeting will be quorum by the attendance of any numbers of the company shares |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors' report for the fiscal year ending on 12/31/2020
2- Voting on the company's financial statements for the fiscal year ending on 12/31/2020 3- Voting on the auditor's report for the fiscal year ending 12/31/2020 4- Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 12/31/2020 5- Vote on disbursing an amount of 2,250,000 riyals as a reward to the members of the Board of Directors for the fiscal year ending on 12/31/2020 6- Voting to appoint the 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 2021 and the first and second quarters of 2022, and determine their fees. 7- Voting on the Board of Directors ’recommendation to distribute cash dividends for the fiscal year 2020 at the rate of (0.50 riyals) per share, the total amount (42,160,000 riyals), i.e. 5% of the nominal value of the share, provided that the shareholders who own the shares are eligible at the end of the trading day of the assembly and are registered in the register Shareholders of the company at the Depository Center at the end of the second trading day following the maturity date, provided that the distribution of profits begins on Monday 06/14/2021 corresponding to 11/04/1442. ) attached 8- Voting to authorize the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the fiscal year 2021, 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. 9- Voting an amending the Governance Regulations of the Saudi Chemical Holding Company (attached) 10- Voting an amending the Audit Committee's Regulations (attached) 11- Voting an amending of the list of the Nomination and Remuneration Committee Regulations (attached) 12- Voting an amending of the remuneration policy of the Board of Directors (attached) 13- Voting an amending the policy and criteria for membership in the Board of Directors (attached) |
| Proxy Form |  |
| E-Vote | The shareholders who are registered on Tadawulaty electronic services can remotely vote on the items of the meeting. The remote voting will start at 10 am on Saturday 22 MAY 2021 corresponding to 10 SHAWWAL 1442 H and shall continue until the end of General Assembly meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link:
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 any inquiries about GA items, please contact the Shareholders Officer through:
Phone: 0114515771 FAX : 0112066349 Or through the following email: Shareholders.Affairs@saudichemical.com |
| Attached Documents |
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