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

3/24/2024

ELEMENT LIST EXPLANATION
Introduction Saudi Kayan Petrochemical Company (Saudi kayan) announces the results of the Extraordinary General Assembly meeting (Second meeting) which was held at 10:00 PM on Thursday 11 Ramadan 1445H corresponding to March 21, 2024 after one hour from the first meeting due to lack of quorum for the first meeting.
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 2024-03-21 Corresponding to 1445-09-11
Time of the General Assembly’s Meeting 22:00
Percentage of Attending Shareholders 54.24
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 Report for the fiscal year ended on 31 December 2023.
2. The Financial Statements for the fiscal year ended on 31 December 2023 was viewed and discussed.
3. The Board of Directors Report for the fiscal year ended on 31 December 2023 was viewed and discussed.
4. Approve the appointment of Price water house Coopers International Limited Company (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 2024, in addition to first quarter 2025 financial statements, along with the total fees (1,171,000) SAR
5. Approval of the discharge of the Board of Directors members for the fiscal year ended 31 December 2023.
6. Approval of the disbursement of SAR (1,400,000) as remuneration to the Board members for the fiscal year ended on 31 December 2023.
7. Approval of the amending the company’s bylaws in accordance with the new companies’ law and renumbering the articles of it to be consistent with the proposed amendments.
8. Approval of the amendment of Article (4) of the company's bylaws, related to participation and inclusion.
9. Approval of the amendment of Article (13) of the company's bylaws, related to shares trading.
10. Approval of the amendment of Article (18) of the company’s bylaws, related to the termination of board membership.
11. Approval of the amendment of Article (22) of the company's bylaws, related to the powers of the Chairman of the Board of Directors, the Deputy, CEO, and the Secretary.
12. Approval of the amendment of Article (26) of the company's bylaws, related to attending the assemblies meeting.
13. Approval of the amendment of Article (30) of the company's bylaws, related to the assemblies attendance record.
14. Approval of the amendment of Article (44) of the company's bylaws, related to financial documents.
15. Approval of the amendment of Article (47) of the company's bylaws, related to the dividend distribution of preferred shares.
16. Approval of the amending Audit Committee charter.
17. Approval of the amending Nominations and Remuneration Committee charter.
18. Approval of the amending the Board of Directors membership policy.
19. Approval of the amending the remuneration policy for members of the Board of Directors, subcommittees, and executives.
20. Approval of the electing members of the Board of Directors from among the candidates for the next session, which begins From the date of the Extraordinary General Assembly on (March 21, 2024) and its duration is three years, ending on (March 19, 2027). They are as follows:

1. Majed Nouraddin
2. Fahad Al-Swailem
3. Abdullah Al-Garni
4. Khalid Al-Alyani
5. Osama Bashaikh
6. Ahmed Khogeer
7. Ahad Awaidha