Advanced discusses transferring SAR 481.8 mln from statutory reserve to retained earnings on March 28

The Board of Directors of Advanced Petrochemical Company (the “Company”) invited its shareholders to participate in and vote in the 12th Extraordinary General Assembly Meeting (First Meeting), which will be held at 23:00 on Thursday, March 28, 2024, using modern technology.

Agenda:

Voting on transferring the statutory reserve amount of (SAR 481,897,492.56), as stated in the financial statements for the year ended on 31/12/2023, to the retained earnings account.

The shareholders registered in the Tadawulaty platform will be able to vote remotely on the General Assembly Meeting Agenda starting at 1:00 am on Sunday, March 24, 2024, until the end of the meeting time.