Saudi Arabia Refineries Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Arabian Refineries Company (Sarco) is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held, God willing, at exactly six thirty in the evening on Thursday 13/07/1445 AH corresponding to 25/01/2024 AD via Modern technological means using the Tadawulaty system (www.tadawulaty.com.sa) |
| City and Location of the General Assembly's Meeting | company headquarters, AlMadinah AlMunawwarah Road Adham Commercial Building by modern technology (remotely) |
| Hyperlink of the Meeting Location | Tadawulaty System" target="_blank">Click Here |
| Date of the General Assembly's Meeting | 2024-01-25 Corresponding to 1445-07-13 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assemblys agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The regular general assembly meeting is true if attended by shareholders representing at least a quarter of the capital and if the quorum is not available for this meeting the second meeting will be held an hour after the end of the period specified for the first meeting and the second meeting is correct whatever the number of shares represented in it . |
| General Assembly Meeting Agenda | 1- Voting on the dismissal of the members of the current Board of Directors and the committees emanating from it based on the request submitted by each of (Ithra Holding Company, Manazel International Company, German Saudi Industrial Company, Fahd Thunayan Fahd Al Thunayan, Rashid Hamad Al-Musallam, Ibrahim Rashid Al-Rasheed, Ibtisam Abdullah Abdulaziz Al-Muaither , Fahd Saif Muhammad Al-Qahtani, Fawaz Muhammad Abdullah Al-Qahtani, Saad Ali Abdullah Al-Luhaidan, Khaled Abdullah Ibrahim Al-Mujil, Miteb Muhammad Al-Anzi, Muhammad Abdullah Marei Al-Qahtani, Muhammad Rashid Hamad Al-Muslim, Ali Misfer Saeed Al-Qahtani, Saad Muhammad bin Saad Al-Tamimi, Khaled Farraj Faraj Al-Anazi ) Owners of a share of shares exceeding 10% of the companys capital, and the majoritys justifications (that the current board members have not developed the companys business and are satisfied with the profits of the contributing companies and the repeated delay in announcing the financial statements on time according to the system).
2- Vote on electing members of the Board of Directors from among the candidates for the next session, which begins on 25/01/2024 AD and ends on 24/01/2027 AD and lasts for three years, if the first item is approved. (Candidates CVs are attached) 3- Vote on disbursing a reward to deserving members of the Board of Directors of (7.5%) of the remaining profits for the financial year ending 31/12/2022 AD and an amount of (780,529) riyals, according to the text of Article (51) of the companys bylaws. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders can vote remotely on the agenda of the Ordinary General Assembly, through the electronic voting service, by visiting the website of the Tadawulaty system: www.tadawulaty.com.sa
Note that registration in the service and voting is available free of charge to all shareholders, as electronic voting will begin on Sunday, Rajab 09, 1445 AH, corresponding to Jan 21, 2024 AD at (1:00) in the morning, and voting ends at the end of the time of the assembly. |
| Details of the electronic voting on the Assembly’s agenda | Eligibility for Registering the Attendance of the General Assemblys Meeting Ends upon the Convenience of the General Assembly0s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication in Case of Any Enquiries | In the event of any inquiry, we hope to communicate with the investor- shareholders relationships management through:
Administration of investor - shareholders relationships Saudi Arabian Refineries Company Phone 966126517016 Email [email protected] Website www.almasafi.com.sa (contact us) |
| Attached Documents | |
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