| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Refineries Company (SARCO) announces the results of the Ordinary General Assembly meeting (second meeting), which was held on Tuesday 05/11/1442 AH corresponding to 15/06/2021 through modern technology (remotely), according to the circular of the Capital Market Authority The judge is satisfied with holding the assemblies of the listed joint-stock companies via modern technology remotely and suspending their holding in presence until further notice, as the quorum for the second meeting was completed with an attendance rate of 3.26%, as the legal quorum for the second meeting is the attendance of any number of the company’s shares. |
| City and Location of the General Assembly’s Meeting | Through modern technology means from the company’s headquarters in Jeddah, through the Tadawulaty website. |
| Date of the General Assembly’s Meeting | 2021-06-15 Corresponding to 1442-11-05 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 3.26 % |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The meeting of the General Assembly was attended by means of modern technology, the following members of the Board of Directors are:
1- Suliman bin Saad Al-Hamid (Chairman Board of Directors) The following members of the Board of Directors were absent from attending the General Assembly meeting: |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | 1- Yasser bin Suleiman Al-Aqeel (Head of the Audit Committee) 2- Maqdat bin Ibrahim Al-Otaibi (Head of the Investment Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1-Approval of the formation of the Audit Committee and defining its tasks, work controls, and remunerations of its members for the new session, starting from the date of the General Assembly meeting 15/06/2021 until the end of the session on 30/04/2024, noting that the candidates (attached with their resumes) are: • Mr. Yasser bin Suleiman Al-Aqeel – Member of the Board of Directors – Independent (Chairman of the Committee). |