Saudi Basic Industries Corp. — Proxy Solicitation & Information Statement 2020

May 19, 2020

Saudi Basic Industries Corporation (SABIC) invites its shareholders to attend the Extraordinary General Meeting (First Meeting)

2010 · 19/05/2020 09:56:23 · Announcement #59057 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) invites its shareholders to attend the Extraordinary General Meeting (First Meeting)

Element List	Explanation
Introduction	In the context of supporting the preventive and precautionary efforts conducted by relevant authorities to address the new Corona Virus (COVID-19), and a reference to the circular issued by the Capital Market Authority that includes the suspension of conducting General Assembly Meetings by physical attendance until further notice, and instead, conducting these meetings through modern technology means that enables shareholders to participate in its deliberations and voting on its decisions, The Board of Directors of SABIC is pleased to invite the Company’s shareholders to attend the Extraordinary General Meeting (First Meeting) via modern technology means provided by Tadawulaty.
City and Location of the General Assembly's Meeting	SABIC HQ, Riyadh
URL for the Meeting Location	Hyperlink of the meeting location
Date of the General Assembly's Meeting	2020-06-10 Corresponding to 1441-10-18
Time of the General Assembly's Meeting	19:30
Attendance Eligibility	The eligibility to attend the Meeting remotely and vote on the meeting’s agenda , will be for shareholders registered in the Company share registry at the Depository Center as of the end of trading prior to the Meeting day, and as per the rules and regulations. Noting that the right to attend the Meeting ends before the beginning of the meeting, and the right to vote ends once the voting sorts has concluded.
Quorum for Convening the General Assembly's Meeting	The Extraordinary General Meeting shall be valid only if attended by shareholders representing at least (60%) of the Share Capital. In case of non-completion of the quorum at this meeting, the Extraordinary General Meeting shall convene at the invitation of a second meeting to be held within the following (30) day. The second meeting shall be valid only if attended by shareholders representing at least (40%) of the Share Capital. In case of non-completion of the second meeting, the Extraordinary General Meeting shall convene at the invitation of a third meeting to be held within the following (30) day. The third meeting shall be valid irrespective of the number of shares represented therein after competent authorities approval.
General Assembly Meeting Agenda	Attached
Proxy Form
E-Vote	The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start on Sunday 07/06/2020 Corresponding to 15/10/1441 H at (10:00) AM, and the voting will end once the Ordinary General Meeting ended. Please note that registration in Tadawulaty service and voting is provided free of charge.
Eligibility for Attendance Registration and Voting	The right to attend the Meeting ends before the beginning of the meeting, and the right to vote ends once the voting sorts has concluded.
Method of Communication	For inquiries related to agenda of the General Meeting or for general inquiries, please contact Investor Relations Department at:

1- Telephone No.: 011-2258000, Extension- 1

2- Mobile No.: 966+530013051

3- Email: IR@sabic.com 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.