Basic Chemical Industries Co. — AGM Information 2023

May 23, 2023

Basic Chemical Industries Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

1210 · 23/05/2023 15:39:00 · Announcement #73898 · View on Saudi Exchange

Basic Chemical Industries Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

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, 14 June 2023 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	2023-06-14 Corresponding to 1444-11-25
Time of the General Assembly's Meeting	19:00
Attendance Eligibility	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the 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. Review and discuss the Board of Directors' report for the fiscal year ended 31 December 2022.

2. Vote on the Auditor's report for the fiscal year ended 31 December 2022.

3. Review and discuss the financial statements for the year ended 31 December 2022.

4. Vote on absolving the Board members from liabilities for their activities pertain to management of the Company for the fiscal year ended 31 December 2022.

5. Vote on the disbursement of an amount of SR 2,781,000 (Saudi Riyals two million seven hundred eighty one thousand only) as remuneration for the members of the Board of Directors .

6. Vote on the appointment and determining fees of the external auditor for the Company from among the candidates based on recommendation of the Audit Committee to examine, review and audit the Company’s financial statements for the second and third quarters and the annual financial statements of fiscal year 2023 and first quarter of fiscal year 2024

7. Vote on the Board of Directors ’recommendation to distribute cash dividends for the 2022 at the rate of 1 riyal per share, which represents 10% of the nominal value of the share with a total amount of 27.5 million riyals, provided the eligibility for dividend will be to Shareholders who own the shares at the end of trading day on the day of general assembly and who are registered in the Company’s shareholders register at Securities Depository Center (EDAA) by the end of the second trading day following the maturity day. The date of dividend distribution is July 2nd 2023.

8. Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on semi-annual or quarterly basis for the fiscal year 2023.

9. Vote on delegation of powers to the Board of Directors as stipulated in Paragraph (1) of Article (27) of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with implementing regulations of the Companies Law for listed Joint Stock Companies 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 registered in Tadawulaty services will be able to vote remotely on the assembly’s items.

Voting will start at 01:00 a.m. on Sunday, June 11, 2023, 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.