| Element List | Explanation |
| Introduction | Board of Directors of the Saudi Arabian Refineries Company (Sarco) is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) to be held, God willing, at 6:30 pm on Wednesday 14/02/1445 AH corresponding to 30/08/2023 AD through modern technology system (www.tadawulaty.com.sa) |
| City and Location of the General Assembly’s Meeting | company headquarters, AlMadinah AlMunawwarah Road Adham Commercial Building by modern technology (remotely). |
| URL for the Meeting Location | Tadawulaty System |
| Date of the General Assembly’s Meeting | 2023-08-30 Corresponding to 1445-02-14 |
| Time of the General Assembly’s Meeting | 18:30 |
| Attendance Eligibility | Each shareholder has the right to shareholders in the companys shareholders record at the Deposit Center at the end of the trading session that precedes the General Assembly meeting according to regulations and regulations, and shareholders have the right to discuss the topics listed in the agenda of the General Assembly and ask questions to members of the Board of Directors. |
| Each shareholder has the right to shareholders in the companys shareholders record at the Deposit Center at the end of the trading session that precedes the General Assembly meeting according to regulations and regulations, and shareholders have the right to discuss the topics listed in the agenda of the General Assembly and ask questions to members of the Board of Directors. | The regular general assembly meeting is true if attended by shareholders representing at least a quarter of the capital and if the quorum is not available for this meeting the second meeting will be held an hour after the end of the period specified for the first meeting and the second meeting is correct whatever the number of shares represented in it . |
| General Assembly Meeting Agenda | 1- To vote on appointing the companys auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the companys financial statements for the second and third quarters and the annual financial statements for the fiscal year 2023 AD and the first quarter of the fiscal year 2024 AD and determine his fees. 2- To vote on the decision of the Board of Directors to appoint Mr. Abdul Rahman bin Khaled Al-Sultan (a member from outside the board) as a member of the Audit Committee, starting from the date of his appointment on July 26, 2023 AD until the end of the current committees work period on April 30, 2024 AD, in place of the previous committee member, Mr. Basem Bin Adnan Abu Al-Faraj (independent member), provided that the appointment takes effect from the date of the recommendation decision issued on July 26, 2023 AD, and this appointment comes in accordance with the Audit Committee work regulations. (CV attached) |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders can vote remotely on the agenda of the Ordinary General Assembly, through the electronic voting service, by visiting the website of the Tadawulaty system: www.tadawulaty.com.sa Note that registration in the service and voting is available free of charge to all shareholders, as electronic voting will begin on Sunday, Safar 11, 1445 AH, corresponding to August 27, 2023 AD at (1:00) in the morning, and voting ends at the end of the time of the assembly. |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | In the event of any inquiry, we hope to communicate with the investor- shareholders relationships management through: Administration of investor – shareholders relationshipsSaudi Arabian Refineries CompanyPhone 966126517016Email ir@almasafi.com.saWebsite www.almasafi.com.sa (contact us) |
| Attached Documents | Attached Documents |