Saudi Arabia Refineries Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Arabian Refineries Company (Sarco) is pleased to announce the results of the Ordinary General Assembly meeting (the second meeting), which was held on Wednesday 14/02/1445 AH corresponding to 30/08/2023 AD, through modern technology using the Tadawulaty website (www.tadawulaty.com .sa), where the quorum for the second meeting was completed with an attendance rate of 9.85%, as the quorum for the second meeting is the presence of any number of the company's shares. |
| City and Location of the General Assembly's Meeting | The company headquarters - Jeddah through modern technology |
| Date of the General Assembly's Meeting | 2023-08-30 Corresponding to 1445-02-14 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | %9.85 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the General Assembly meeting:
1-Eng. Aiad Mohammad Mushaikh (Chairman of the Board of Directors) 2-Mr. Yasser Suleiman Al-Aqeel (Board Member ) 3-Eng. Abdul Rahman Ayed Al Dahasi (Board Member - Chairman of the Social Responsibility Committee)
The following members of the Board of Directors were absent from attending the General Assembly meeting:
1-Eng. Hattan Hamid Al-Shanbari Al-Sharif (Vice Chairman of the Board of Directors) 2-Prince Mohammad Khalid Turki Al Saud (Member of the Board of Directors) 3-Mr. Fahd Abdul Rahman Al Muaikal (Member of the Board of Directors) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1-Mr. Yasser Suleiman Al-Aqeel (Board Member - Chairman of the Audit Committee)
2-Eng. Abdul Rahman Ayed Al Dahasi (Chairman of the Nominations and Remunerations Committee and Chairman of the Social Responsibility Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval of the appointment of Al-Sayed Al-Ayouti & Partners Company as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD and determine his fees.
2- Disagreeing with the Board of Directors’ decision to appoint Mr. Abdul Rahman bin Khalid Al-Sultan (a member from outside the Board) as a member of the Audit Committee, starting from the date of his appointment on July 26, 2023 AD until the end of the current committee’s work period on April 30, 2024 AD, in place of the previous committee member, Mr. / Bassem Bin Adnan Abu Al-Faraj (Independent Member), provided that the appointment is effective from the date of the recommendation decision issued on July 26, 2023 AD, and this appointment comes in accordance with the work regulations of the Review Committee. |
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