| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Arabian Refineries Company (SARCO) is pleased to invite the shareholders to participate and vote in the Fifty-first Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at exactly seven o’clock in the evening on Tuesday 05/11/1442 AH corresponding to 15/06/2021 At the company’s headquarters in Jeddah, by means of modern technology through the Tadawulati website (www.tadawulaty.com.sa), in the interest of the safety of shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID- 19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly’s Meeting | From the company’s headquarters in Jeddah, by using modern technology means (using Tadawulaty website). |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 05/11/1442 corresponding to 15/06/2021 |
| Time of the General Assembly’s Meeting | 19:00 |
| Attendance Eligibility | Each shareholder who is registered in the Company’s shareholders register at the Depository Center at the end of the trading session preceding the assembly meeting has the right to register the electronic attendance and vote using Tadawulaty system at the assembly meeting, according to the rules and regulations. Note that the eligibility to register attendance at the assembly meeting ends at the time of the assembly, and the right to vote on the assembly’s items for the attendees ends when the counting committee finishes counting the votes. |
| Quorum for Convening the General Assembly’s Meeting | For this assembly to be valid, the attendance of shareholders representing at least a quarter of the Company’s capital is required, and if the quorum required for holding the first meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting is valid regardless of the number of shares represented . |
| General Assembly Meeting Agenda | 1- To Vote on the formation of the Audit Committee, defining its tasks, its work controls, and the remuneration of its members for the new session, starting from the date of the meeting of the General Assembly 15/06/2021 until the end of the session on 30/04/2024, noting that the candidates (whose CVs are attached) are: – • Mr. Yasser Suliman Al-Aqeel – Board Member – Independent (Chairman of the Committee). • Mr. Khalid Abdulaziz Al Hoshan – Member from outside the Council – independent. • Mr. Bassem Adnan Abu Al-Faraj – Member from outside the council – independent. |
| Proxy Form |  |
| E-Vote | Shareholders who are registered in Tadawulaty may vote on the items of the General Assembly agenda online starting from Saturday 02/11/1442 AH corresponding to 12/06/2021 until the end of the Assembly’s meeting time. Therefore, we invite all shareholders to participate and vote online through Tadawulaty website: www.tadawulaty.com.sa Note that registration and voting are available in Tadawulaty services free for all shareholders . |
| Eligibility for Attendance Registration and Voting | The eligibility to register to attend the assembly meeting ends at the time of the assembly meeting. The eligibility to vote on the assembly’s items for the attendees ends when the counting committee finishes counting the votes . |
| Method of Communication | In the event of an inquiry, we hope to contact the Shareholders Relations Department at: phone : 0126517014 OR Email : info@almasafi.com.sa |
| Attached Documents |
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