News & Announcements

SABIC AGRI-NUTRIENTS

29 April, 2024 08:02

SABIC Agri-Nutrients Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

Element List	Explanation
Introduction	SABIC Agri-Nutrients Company's Board of Directors is pleased to announce the results of the Extraordinary General Assembly meeting (first meeting), which was held at 07:00 pm on Sunday 19 Shawwal 1445H corresponding to 28 April 2024, from the company’s headquarters in Riyadh, through means of modern communications using Tadawulaty system.
City and Location of the General Assembly's Meeting	Through means of modern communications from the company’s headquarters in Riyadh (using Tadawulaty system)
Date of the General Assembly's Meeting	2024-04-28 Corresponding to 1445-10-19
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	65.85
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following members of the Board of Directors: 1- Eng. Abdulrahman Saleh Al-Fageeh – chairman of the board of directors 2- Eng.Samir Ali Al Abdrabbuh- Vice chairman of the board of directors 3- Mr. Abdulaziz Habdan Al-Habdan 4- Mr. Soliman Abdulaziz Al-Hosain 5- Eng. Anas Yousef Kentab 6- Eng. Abdulaziz Suliman Al-Humaid 7- Mr. Khalid Salem Al-Rowais 8- Mr. Abdurahman Mohammed Al-Zoghaibi
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Eng. Abdulrahman Saleh Al-Fageeh ( Chairman Of the Investment Committee ) Mr. Abdulaziz Habdan Al-Habdan ( Chairman of the Audit Committee ) Mr. Khalid Salem Al-Rowais (Chairman of the Remuneration & Nomination committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. The Board of Directors' report for the fiscal year ended on 31/12/2023 was reviewed and discussed. 2. Approval on External Auditor Report for the fiscal year ended on 31/12/2023 after discussion. 3. The financial statements for the fiscal year ended on 31/12/2023 were reviewed and discussed. 4. Approval on appointing PWC the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second & third quarters, annual of the year 2024 and the first quarter of the year 2025 for agreed professional fees amounted of1,392,650 one million three hundred nightie two thousand and six hundred fifty SAR. 5. Approval on authorizing Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2024. 6. Approval on disbursement of SAR (1,584,110) as remuneration to Board members for the fiscal year ended on 31/12/2023. 7. Approval on amendment of Board Membership Policy. 8. Approval on amendment of Remuneration Policy of Board Members, Committee Members and Senior Executives . 9. Approval on amendment of Audit Committee Charter. 10. Approval on amendment of Remuneration and Nomination Committee Charter. 11. Approval on amending Article No. (3) of Company's bylaws related to the Objectives of the Company. 12. Approval on amending Article No. (20) of Company's bylaws related to the Authorities of the Board . 13. Approval on amending Article No. (22) of Company's bylaws related to the Authorities of the Chairman, the Vice-Chairman and the secretary. 14. Approval on amending Article No. (48) of Company's bylaws related to the dividend distribution . 15. Approval on amending the company’s bylaws in consistency with the new Companies Law, and re-arrangement and numbering of bylaws’ articles to be consistent with the proposed amendments. 16. Approval on transferring Statutory Reserve balance amounted (SAR 1,428,106,212) as stated in the financial statements for the year ended on 31/12/2023 to the Retained Earnings account. 17. Approval on the discharge of Board of Directors members for the fiscal year ended on 31/12/2023.

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