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

2021-04-07 16:52:08

Element ListExplanation
Introduction The Board of Directors of the Basic Chemical Industries Company (BCI) is pleased to invite the shareholders to attend the Ordinary General Assembly meeting (the first meeting) by means of modern technology using Tadawulaty system, in the interest of the safety of dealers in the financial market and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the new Corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia In taking the necessary preventive measures to prevent its spread. At 09:30 PM of Wednesday 09/16/1442 AH, corresponding to 04/28/2021 AD
City and Location of the General Assembly's Meeting Company's headquarters in Dammam - means of modern technology
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-04-28 Corresponding to 1442-09-16
Time of the General Assembly's Meeting 21:30
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 12/31/2020. 2. Voting on the Board of Directors' report for the financial year ending 12/31/2020. 3. Voting on the financial statements for the fiscal year ending on 12/31/2020. 4. Voting to appoint the company's auditor from among the nominated by the Audit Committee, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD and determine their fees. 5. Voting on the business and contracts that were concluded between the company and the Alaa Azmy Abdul Hadi and Khalifa Abdullah Al Hawas Engineering Consulting Company, in which a board member Abd al-Latif Azmi Abd al-Latif Abdul-Hadi has an indirect interest in it without preferential conditions, which are advisory services for the company's projects at an amount of 2,500,000 Saudi riyals. For the year ending 12/31/2020 (attached). 6. Voting to absolve the members of the Board of Directors from liability for the fiscal year ending 12/31/2020 AD. 7. Vote on disbursing a total amount of (2,100,000) Saudi riyals to the Board of Directors ’remuneration for the fiscal year ending 12/31/2020. 8. Voting not to distribute cash dividends to shareholders for the fiscal year ending 12/31/2020
Proxy Form
E-Vote Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items starting at 10:00 AM on Sunday 13/09/1442 AH corresponding to 04/25/2021 AD and the voting ends at the end 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: 0565392603 - 0539330822 from the morning of Saturday 09/12/1442 AH corresponding to 04/24/2021 AD until the end of the Assembly
Attached Documents