Basic Chemical Industries Co. — AGM Information 2022

Apr 27, 2022

Basic Chemical Industries Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting via means of modern communications

1210 · 27/04/2022 16:22:05 · Announcement #67985 · View on Saudi Exchange

Basic Chemical Industries Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting via means of modern communications

Element List	Explanation
Introduction	Basic Chemical Industries Co. invites all its shareholders to convene for an ordinary session (first meeting). The meeting will be held virtually by means of modern technology on Wednesday, 25 May 2022 at 19:00 p.m. via Tadawulaty e-voting system (www.tadawulaty.com.sa).
City and Location of the General Assembly's Meeting	Company's headquarters in Dammam - means of modern technology
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2022-05-25 Corresponding to 1443-10-24
Time of the General Assembly's Meeting	19:00
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting	The Ordinary General Assembly meeting is valid if there are shareholders representing at least a quarter of the capital. If the quorum required for holding this meeting is not fulfilled, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda	1. Voting on the company's auditor's report for the fiscal year ending on 12/31/2021.

2. Voting on the Board of Directors' report for the financial year ending 12/31/2021.

3. Voting on the financial statements for the fiscal year ending on 12/31/2021.

4. Voting to absolve the members of the Board of Directors from liability for the fiscal year ending 12/31/2021 AD.

5. Vote on the electing Board members from among the candidates for the next term, commencing from 15 June 2022 for a three-year term, ending on 14 June 2025. (CVs Attached)

6. Vote on the set-up, the duties and the internal regulations of the Audit Committee as well as on the remuneration of its members upon the proposal of the Board of Directors from 15 June 2022 for a three-year term, ending on 14 June 2025. And they are: (CVs Attached)

* Suliman AlKadi.

*Abdul Aziz Alnuiam

* Aziz Alqahtani

7. Vote on disbursing a total amount of (2,238,000) Saudi riyals to the Board of Directors ’remuneration for the fiscal year ending 12/31/2021.

8.Vote on delegating the Board of Directors, which will start on 15 June 2022, with the authority of the Ordinary General Assembly stipulated in paragraph (1) of Article (71) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law related to Listed Joint Stock Companies. Proxy Form E-Vote Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items.

Voting will start at 10:00 a.m. on Sunday, May 22, 2022, until the adjournment of the meeting.

And registration and voting in Tadawulaty services will be available and free for all shareholders using the following link:

www.tadawulaty.com.sa 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 We would also like to draw the attention of the shareholders to the fact that the questions and inquiries of the esteemed shareholders related to the Association's items will be received and answered by e-mail: shareholder@bci.com.sa and phone: (013) 8217920. Attached Documents           

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.