ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE RESULTS OF THE 20th ORDINARY GENERAL ASSEMBLY MEETING (First MEETING) THROUGH MODERN TECHNOLOGY MEANS
| Element List | Explanation |
|---|---|
| Introduction | Advanced Petrochemical Company is pleased to announce to its shareholders the results of the 20th Ordinary General Assembly Meeting (First Meeting), which was held through modern technology means after fulfilling the required legal quorum for Ordinary General Assembly meeting in accordance with the Companies Law and the Company’s Bylaws. The percentage of shares represented at the first meeting was (48.75%). |
| City and Location of the General Assembly's Meeting | The Meeting was held through the modern technology means. |
| Date of the General Assembly's Meeting | 2025-09-16 Corresponding to 1447-03-24 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 48.75% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Names of the Board of Directors' Members Present at the General Assembly's Meeting:
1. Mr. Khalifa Abdullatif Abdullah Al-Mulhem (Chairman of the Board of Directors) 2. Mr. Waleed Mohammed Abdullah Al-Jaafari (Vice Chairman of the Board of Directors) 3. H.E. Eng. Abdullah Ibrahem Abdallah Al-Saadan 4. Eng. Abdulaziz Abdullah Moqbel Al-Habardi 5. Eng. Abdulsalam Mazro Abdullah Al-Mazro 6. Mr. Abdulaziz Abdullah Abdulaziz Al-Mulhem 7. Dr. Bader Osama Hassen Johar. 8. Eng. Nader Saleh Abdullah Al-Dakheel 9. Eng. Mohammed Khalifa Abdullatif Al-Mulhem |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Khalifa Abdullatif Abdullah Al-Mulhem (Chairman of the Executive Committee)
2. Mr. Waleed Mohammed Abdullah Al-Jaafari (Chairman of the Investment Committee) 3. Dr. Bader Osama Hassen Johar(Chairman of the Nomination and Remuneration Committee) 4. Mr. Abdullah Abdulrahman Buali (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the election of the members of the Board of Directors among the board membership nominees for upcoming term, which will be starting from October 1, 2025 for a term of four years and end on September 30, 2029, the elected members are:
1. H.E. Eng. Abdullah Ibrahem Abdallah Al-Saadan 2. Eng. Abdulaziz Abdullah Megbel Al-Habardi 3. Nader Saleh Abdullah Al-Dakheel 4. Mr. Khalifa Abdullatif Abdullah Al-Mulhem 5. Mr. Waleed Mohammed Abdullah Al-Jaafari 6. Eng. Abdullatif Khalifah Abdullatif Al-Mulhem 7. Eng. Mohammed Khalifah Abdullatif Al-Mulhem 8. Eng. Eric Eugeen Leys 9. Eng. Abdulsalam Mazro Abdullah Al-Mazro
2. Approval of delegating the Board of Directors for the upcoming term the vested powers of the general assembly meeting as per Article (27/1) of the Companies Law for one year from the date of the approval by the general assembly meeting or the end of the delegated Board of Directors' term, which comes first. Such delegation shall be in accordance with the requirements stipulated in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. |
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