Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, (First Meeting), held through modern technology, on Wednesday 2021-05-26 Corresponding to 1442-10-14 |
| City and Location of the General Assembly's Meeting | Riyadh – Head Office, Al-Ahsa Street By Means Of Modern Technology |
| Date of the General Assembly's Meeting | 2021-05-26 Corresponding to 1442-10-14 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 38.58% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attended the meeting:
Fahad Saleh Al-Jarbou (Chairman) Obaid Abdullah. Alrasheed (Deputy Chairman) Abdulrahman A. Alyamni (Board member) Mohammed S. Al-Badr (Board member) Fawaz Mohammed Al fawaz (Board member) Mohammed Saad Bindawood (Board member) Abdullah Zamil Aldrees (Board member) Abdulwahhab Abed (Board member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Fahad Saleh Al-Jarbou (Chairman of Executive Committee)
Abdulrahman A. Alyamni (Chairman of Nomination and Remuneration Committee) Fawaz Mohammed Al fawaz (Chairman of Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approved on the Board of Directors' report for the fiscal year ending on 12/31/2020.
2- Approved on the company's financial statements for the fiscal year ending on 12/31/2020. 3- Approved on the auditor's report for the fiscal year ending 12/31/2020. 4- Approved to absolve the members of the Board of Directors from liability for the fiscal year ending on 12/31/2020. 5- Approved 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- Approved to appoint the Ernst & Young, PricewaterhouseCoopers 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- Approved 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. 8- Approved 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- Approved an amending the Governance Regulations of the Saudi Chemical Holding Company. 10- Approved an amending the Audit Committee's Regulations. 11- Approved an amending of the list of the Nomination and Remuneration Committee Regulations. 12- Approved an amending of the remuneration policy of the Board of Directors. 13- Approved an amending the policy and criteria for membership in the Board of Directors. |
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