Saudi Chemical Endorses 2023 Financial Statements and Board Actions

Saudi Chemical Co. disclosed the outcomes of its Ordinary General Assembly Meeting held via modern technology at 7:30 PM on Wednesday, with an attendance rate of 38.91%. The meeting covered several key areas:

1. Review and discussion of the board report for the fiscal year ending December 31, 2023.
2. Examination and dialogue on the financial statements for the fiscal year ending December 31, 2023.
3. Approval of the Auditor’s Report for the fiscal year ending December 31, 2023.
4. Authorization of a SAR 3,400,000 remuneration for board members for the fiscal year ending December 31, 2023.
5. Approval of the discharge of the Board of Directors’ members for their service during the fiscal year ending December 31, 2023.
6. Appointment of Ernst & Young as external auditors based on the Audit Committee’s recommendation, to review and audit the company’s financial statements for the third quarter and annually for 2024, and for the first and second quarters of 2025, with the determination of the auditors’ fees.