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

19/05/2020

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ItemDetails
Type of meeting of the General AssemblyExtraordinary
Number of Invitation to the General AssemblyFirst Meeting
Announcement TitleSaudi Basic Industries Corporation (SABIC) invites its shareholders to attend the Extraordinary General Meeting (First Meeting)
IntroductionIn 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.
Place and city of the General AssemblySABIC HQ, Riyadh
Hyperlink of the meeting locationhttps://goo.gl/maps/VEmzmYkQ6oN2
Date of the General AssemblyWednesday Evening, 10/06/2020 Corresponding to 18/10/1441 H
Time of the General Assembly7:30 PM
Shareholding Eligibility to attend General Assembly MeetingThe 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.
The Quorum required for the AssemblyThe 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.
Agenda of the AssemblyAttached
Power of attorney formAttached
Electronic votingThe 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.
Additional Information

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.: +966530013051
  3. Email: IR@sabic.com

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