SABIC Agri-Nutrients Company Invites Its Shareholders to Participate and Vote in the Extraordinary General Assembly Meeting (First Meeting) Through Modern Means of Communication
| Element List | Explanation |
|---|---|
| Introduction | SABIC Agri-Nutrients Company's Board of Directors is pleased to invite its esteemed shareholders to attend the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held at 07:00 pm on Sunday 19 Shawwal 1445H corresponding to 28 April 2024, from the company’s headquarters in Riyadh, through means of modern communications using Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Through means of modern communications from the company’s headquarters in Riyadh (using Tadawulaty system) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-04-28 Corresponding to 1445-10-19 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | 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 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 assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The quorum of the extraordinary General Assembly meeting would be valid if attended by shareholders representing at least half of the capital. If such quorum is not met at the first meeting, a second meeting would be held within an hour following the time set for the first meeting, the second meeting shall be valid if attended by shareholders representing at least twenty-five percent (25%) of the capital . |
| General Assembly Meeting Agenda | 1. Review and discuss Board of Directors Report for the fiscal year ended on 31/12/2023.
2. Voting on External Auditor Report for the fiscal year ended on 31/12/2023 after discussion. 3. Review and discuss Financial Statements for the fiscal year ended on 31/12/2023. 4. Voting on appointment of an External Auditor for the Company from among the candidates nominated based on recommendation of Audit Committee to review and audit financial statements of the second quarter, third quarter and the annual of the fiscal year 2024, in addition to first quarter of 2025, and determining its fees. 5. Voting on authorizing Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2024. 6. Voting on disbursement of SAR (1,584,110) as remuneration to Board members for the fiscal year ended on 31/12/2023. 7. Voting on amendment of Board Membership Policy (Attached). 8. Voting on amendment of Remuneration Policy of Board Members, Committee Members and Senior Executives (Attached). 9. Voting on amendment of Audit Committee Charter (Attached). 10. Voting on amendment of Remuneration and Nomination Committee Charter (Attached). 11. Voting on amending Article No. (3) of Company's bylaws related to the Objectives of the Company (Attached). 12. Voting on amending Article No. (20) of Company's bylaws related to the Authorities of the Board (Attached). 13. Voting on amending Article No. (22) of Company's bylaws related to the Authorities of the Chairman, the Vice-Chairman and the secretary (Attached). 14. Voting on amending Article No. (48) of Company's bylaws related to the dividend distribution (Attached). 15. Voting on amending the company’s bylaws in consistency with the new Companies Law, and re-arrangement and numbering of bylaws’ articles to be consistent with the proposed amendments (attached). 16. Voting on transferring Statutory Reserve balance amounted (SAR 1,428,106,212) as stated in the financial statements for the year ended on 31/12/2023 to the Retained Earnings account. 17. Voting on the discharge of Board of Directors members for the fiscal year ended on 31/12/2023. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss topics listed in the agenda of the General Assembly and raise relevant questions, Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Esteemed shareholders can vote remotely on the General Assembly’s agenda, through the electronic voting service by visiting the Tadawulaty website (www.tadawulaty.com.sa), knowing that registration in the service and voting is available for free to all shareholders, as electronic voting begins on Wednesday 15 Shawwal 1445 H (according to Um Al-Qura calendar) corresponding to 24 April 2024 at (1:00 am), and voting ends at the end of the General Assembly time. |
| Method of Communication in Case of Any Enquiries | In case of any enquiry about the General Assembly ’s agenda or any other enquiries, please contact the Investor Relations Department during official working hours from 7:30 am until 04:00 pm, using one of below contact numbers:
• 0133402228 • 0133406621 • 0133422279
Or through this e-mail: [email protected] |
| Attached Documents | |
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