The Board of Directors of Yanbu National Petrochemical Company (YANSAB) Invites the Shareholders to participate and vote in the General Assembly Meeting (First Meeting) through modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Yanbu National Petrochemical Company (YANSAB) is pleased to Invites the Shareholders to participate and vote in the company's sixteenth Ordinary General Assembly meeting (First meeting), which is scheduled to be held at exactly10:30 p.m. on Thursday 20 Ramadan 1446H corresponding to March 20, 2025, Through modern technology means. |
| City and Location of the General Assembly's Meeting | Through modern technology means from the Company’s office in Yanbu Industrial City (using Tadawulaty system) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-03-20 Corresponding to 1446-09-20 |
| Time of the General Assembly’s Meeting | 22:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Each shareholder who is registered in the Company’s Shareholders Registry at the Securities Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations, Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions. |
| Quorum for Convening the General Assembly's Meeting | According to Article (32) of YANSAB's bylaws the legal quorum for holding the ordinary general assembly is the presence of shareholders representing at least half the capital (fifty percent (50%) of the company’s shares that have voting rights). If such quorum is not met at the first meeting a second meeting shall be held within an hour following the time set for the first meeting, the second meeting shall be valid regardless of the of the company’s shares that have voting rights represented thereat. |
| General Assembly Meeting Agenda | 1. Review and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2024.
2. Review and discuss on the Financial Statements for the fiscal year ended on 31 December 2024.
3. Voting on External Auditor Report for the fiscal year ended on 31 December 2024 after discussing it.
4. Voting on authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year ended on 31 December 2025.
5. Voting on the appointment of one of the nominated external auditors as recommended by the Audit Committee, to audit the financial statements for the coming four (4) years starting from Q2 2025 until Q1 2029 and determining their fees.
6. Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2024. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss matters 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 | Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa . Please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start from 01:00 A.M. on Monday, Ramadan 17, 1446H, corresponding to March 17, 2025, and the voting end Ends upon the concluding counting committee sorting the Votes. |
| Method of Communication in Case of Any Enquiries | If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0143259514 or E-mail: shares@yansab.sabic.com |
| Attached Documents | |
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