Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Co. Announces the Results of the Ordinary General Assembly Meeting, (second Meeting), which was held through modern technology, at 7:30 pm on Wednesday 08/05/2024 Corresponding to 29/10/1445, an hour after the date of the first meeting ( which was supposed to be held at 6:30 pm) noting that the first meeting did not take place because the legal quorum was not completed according to the system( where the attendance rate was 17.84) and the attendance rate for the second meeting shall be deemed valid if at least 25% of the Company Capital |
| 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 | 2024-05-08 Corresponding to 1445-10-29 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 38.91 |
| 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:
Eng. Fahad Saleh Al-Jarbou (Board Chairman) Mr. Obaid Abdullah Alrasheed (Deputy Chairman) Eng. Thamer Mohammed Al Muhaid (Managing Director) Mr.Abdulrahman Abdulaziz Alyamni(Board Member) Dr. MohammedSaud Al-Bader (Board Member) Mr.Fawaz Mohammed Al Fawaz (BoardMember) Mr. Mohammed Saad Bin dawood (Board Member) Mr. Sultan Abdulaziz AL Hamidi (BoardMember) Mr. Mohammed Omair Al-Otaibi (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 | Eng. Fahad Saleh Al-Jarbou (Chairman of Executive Committee)
Mr. Sultan Abdulaziz AL Hamidi (Chairman of Nomination and Remuneration Committee) Mr. Fawaz Mohammed Al Fawaz (Chairman of the audit committee) Mr. Obaid Abdullah Alrasheed (Chairman of Risk and Governance Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- the board report for the fiscal year ending December 31. 2023 was reviewed and discussing
2- the financial statements for the fiscal year ending December 31, 2023 was Reviewing and discussing. 3- Approve the Auditor’s Report for the fiscal year ending December 31, 2023 4- Approve the payment of SAR (3,400,000) as a remuneration to members of the board of directors for the fiscal year ending December 31, 2023. 5- Approve the discharge of the members of the Board of Directors for the fiscal year ending December 31, 2023. 6- Approve to appoint the Ernst & Young company’s from among the candidates based on the Audit Committee’s recommendation. The appointed External Auditors shall examine, review, and audit the third quarter and annual financial statements of the fiscal year 2024, and the first and second quarter of the fiscal year 2025, and determination of the External Auditors’ fees. |
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