SABIC general assembly to discuss authorizing BOD to distribute interim dividends for 2023

Saudi Basic Industries Corporation (SABIC) invited its shareholders to attend the Ordinary General Meeting (First Meeting) via modern technology using the Tadawulaty system, which was held on 10-04-2023.

General Assembly Agenda:

– Voting on the Board of Directors’ delegation to distribute quarterly or semiannual dividends for the fiscal year 2023, and to determine the maturity and disbursement dates in accordance with the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, and commensurate the Company’s financial position, cash flows and expansion and investment plans.

– Voting on the auditors’ report for the fiscal year ended 31/12/2022.

– Review and discuss the Company’s financial statements for the fiscal year ended 31/12/2022.

– Review and discuss the Board of Directors report for the fiscal year ended 31/12/2022.

– Voting on the appointment of an external auditor, from among nominees recommended by the Audit Committee, to audit the quarterly (Q2 and Q3) and annual financial statements for 2023, in addition to Q1 2024 financial statements, as well as determining their fees.

– Voting on the discharge of the members of the Board of Directors for the fiscal year ended 31/12/2022.

The eligibility to attend the Meeting, will be for shareholders registered in the Company share registry at the Depository Center (Edaa) as of the end of trading prior to the Meeting Day, and as per the rules and regulations. Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members and to the external auditor.

The Ordinary General Meeting shall be valid only if attended by shareholders representing at least half of the Share Capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of shares represented.

The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start on Thursday 06/04/2023 G at (01:00) AM, and the voting will end once the Ordinary General Meeting ended. Please note that registration in Tadawulaty service and voting is provided free of charge.The right to attend the Meeting ends before the beginning of the meeting, and the right to vote ends once the voting sorts has concluded.