Saudi Basic Industries Corporation (SABIC) invites its Shareholders to attend the Ordinary General Meeting (First Meeting)
17/03/2019
Item |
Details |
Type of meeting of the General Assembly | Ordinary |
Number of Invitation to the General Assembly | First Invitation |
Announcement Title | Saudi Basic Industries Corporation (SABIC) invites its Shareholders to attend the Ordinary General Meeting (First Meeting) |
Introduction | The Board of Directors of SABIC is pleased to invite the Company’s Shareholders to attend the Ordinary General Meeting (First Meeting) |
Place and city of the General Assembly | SABIC HQ, Riyadh |
Hyperlink of the meeting location | https://goo.gl/maps/kfU24txTts82 |
Date of the General Assembly | Tuesday Evening, 09/04/2019 Corresponding to 04/08/1440 H |
Time of the General Assembly | 6:30 PM |
Shareholding Eligibility to attend General Assembly Meeting | The eligibility to attend the Ordinary General Meeting, will be for Shareholders registered in the Company share registry at the Depository Center as of the end of trading prior to the Ordinary General Meeting day, and as per the rules and regulations. Noting that the right to attend the Ordinary General Meeting ends before the beginning of the meeting, and the right to vote ends once the voting sorts has concluded. |
The Quorum required for the Assembly | The Ordinary General Meeting shall be valid only if attended by Shareholders representing at least half of the Share Capital. In case of non-completion of the Quorum at this meeting, the Ordinary 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 irrespective of the number of shares represented therein. |
Agenda of the Assembly |
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Power of attorney form | Attached |
Electronic voting | The Shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website https://www.tadawulaty.com.sa. The remote voting will start at 10:00 AM, 6th April 2019, and will continue until 04:00 PM on the day of the Meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all Shareholders through the following link: (www.tadawulaty.com.sa). |
Additional Information |
The Shareholder may delegate another person on his/her behalf to attend the Ordinary General Meeting and vote on the proposed decisions by means of a proxy (as per the enclosed form), providing that the delegated shall not be a member of the Board or an employee of the Company, and n noting that the proxy shall be authenticated by one of the following entities: Chamber of Commerce and Industry, if the Shareholder is an affiliate of one of them, or if the Shareholder is a legal company or institution. One of the licensed banks, or the authorized individuals in the Kingdom of Saudi Arabia, providing that the company or institution shall hold an account with the bank, or the authorized individual to perform the validation. The notaries, or the individuals authorized to perform the acts of authentication. The Shareholder or his/her delegate shall provide the Company with a copy of the proxy at least two days prior the date of the meeting through Fax No. (011-2259766) or Email (IR@sabic.com). The Shareholders and delegated members are kindly requested to come well in advance before the beginning of the meeting to register for attendance, and must present their identity cards and the original proxy. The Company would like to draw the attention of non-resident foreign investors that the cash dividends transferred by the resident financial intermediary are subject to a deduction tax of 5% upon direct transfer to the non-resident investors account or credited to his/her local bank account in accordance with the regulations issued by General Authority of Zakat and Tax. For inquiries and further information, please contact Investor Relations Department at:
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