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Saudi Kayan Petrochemical Company announces the results of the Extraordinary General Assembly meeting (first meeting)

3/26/2025


Element List Explanation
Introduction Saudi Kayan board of directors is pleased to announce the results of the Extraordinary General Assembly meeting (first meeting) which was held at 21:30 on Tuesday 25 Ramadan 1446H corresponding to March 25, 2025.
City and Location of the General Assembly's Meeting The headquarters of Saudi Kayan Petrochemical Company in Jubail Industrial City -Using modern technology means
Date of the General Assembly's Meeting 2025-03-25 Corresponding to 1446-09-25
Time of the General Assembly’s Meeting 21:30
Percentage of Attending Shareholders 50.42
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board members attended the meeting:

 

 

1. Eng. Abdullah Al-Garni (Chairman)

 

2. Mr. Fahad Al-Swailem (Vice Chairman)

 

3. Eng. Khaled Alalyani

 

4. Eng. Majed Nouraddin

 

5. Eng. Osama Bashiakh

 

6. Dr. Ahmed Khogeer

 

7. Eng. Ahad Awaidha
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf Also the following Committees’ Chairmen attended the meeting:

 

 

1. Eng. Osama Bashiakh (Chairman of Audit Committee)

 

2. Eng. Ahad Awaidha (Chairman of Remuneration and

Nomination Committee).

 

3. Eng. Khaled Alalyani (Chairman of Risk Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approval of the External Auditor Report for the fiscal year ended on 31 December 2024 after discussion.

 

2. Reviewed and discuss on the Financial Statements for the fiscal year ended on 31 December 2024.

3. Reviewed and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2024.

4. Approve the appointment of Price water house Coopers International Limited (PWC) as the External Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee to review and audit financial statements of the second quarter, third quarter and the annual of the fiscal year 2025, in addition to first quarter 2026 financial statements, along with the total fees (1,050,000) SAR.

5. Approval of the discharge of the Board of Directors members for the fiscal year ended on 31 December 2024.

6. Approval of the transferring the Statutory Reserve balance amounted (288,469,599.40) SAR as stated in the financial statements for the year ended on 31 December 2024 to the Retained Earnings account.