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Saudi Kayan Petrochemical Company announces the results of the Ordinary General Assembly meeting (First meeting)

4/09/2023

ELEMENT LIST EXPLANATION
Introduction Saudi Kayan Petrochemical Company is pleased to announce to its shareholders the results of the Ordinary General Assembly meeting (First meeting) through modern technology means after completing the quorum for the meeting.
City and Location of the General Assembly's Meeting The headquarters of Saudi Kayan Petrochemical Company in Jubail Industrial City - via telepresence.
Date of the General Assembly's Meeting 2023-04-06 Corresponding to 1444-09-15
Time of the General Assembly's Meeting 22:00
Percentage of Attending Shareholders 52.06
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. Ahmed Al Shaikh (Chairman)
2. Eng. Mohammed Al Zahrani (Vice Chairman)
3. Dr. Waleed Al Shalfan
4. Dr. Fahd Al Sherehy
5. Mr. Ahmed Abu Talaf
6. Mr. Bashar Kayyali
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. Mr. Khalid Al Garni (Chairman of Audit Committee)
2. Mr. Ahmed Abu Talaf (Chairman of Remuneration and Nomination Committee).
3. Eng. Mohammed Al Zahrani (Chairman of Risk Committee).
Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval of the external auditor’s report for the fiscal year ended on December 31, 2022.
2- Approval of the financial statements for the fiscal year ended December 31, 2022 after viewing and discussing.
3- Approval of the Board of Directors report for the fiscal year ended December 31, 2022 after viewing and discussing.
4- Approval of the appointment of Price Waterhouse Coopers (PwC) as the External Auditor for the Company from among the candidate nominated based on the recommendation of Audit Committee to review and audit financial statements of the second quarter, third quarter and annual of the fiscal year 2023, in addition to first quarter 2024 financial statements, and determining the fees.
5- Approval of the discharge of the Board of Directors members for the fiscal year ended on December 31, 2022.
6- Approval of the payment of SR (1,400,000) as a remuneration for the members of the Board of Directors for the year ended December 31, 2022.