The Board of Directors of Basic Chemical Industries (BCI) invites shareholders to attend the AGM scheduled to be held at the Carlton Al Moaibed Hotel in Dammam www.google.com/maps/place/Carlton at 19:30 on 29-08- 1439 corresponding to 15-05-2018 to discuss the following agenda:
1-Vote on the report of the auditor for the financial year ended 31/12/2017.
2-The voting on the financial statements for the financial year ended 31/12/2017.
3-Vote on the report of the Board of Directors for the financial year ended 31/12/2017.
4-Vote on the appointment of the external auditor of the company from among the candidates on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second and third and annual of fiscal year 2018 and the first quarter of fiscal year 2019 and determine the fees.
5-vote on the work and contracts that will be between the company and the company Alaa Azmi Abdul Hadi and Khalifa Abdullah Al Hawas Engineering Consulting, which is one of the parties involved (one of the companies owned by the brother of the board member Mr. / Abdullatif Azmi Abdul Latif Abdul Hadi) and has an indirect interest therein Preferred terms are advisory services for the company's projects where the balance of transactions for 2017 amounted to SR 8,400,000 and authorization for the coming year. (Attachment)
6-To vote on the recommendation of the Board of Directors to distribute dividends to shareholders for the year ended 31/12/2017 at a total value of SR 27,500,000 (1) per share and 10% of the share capital. Shareholders' The Company shall be registered in the Company's register at the Depository Center at the end of the second trading day following the due date.
7-vote on the remuneration of the Chairman and members of the Board of Directors for the financial year ended 31/12/2017 with a total of 2,054,000 riyals,
8-Vote on the discharge of the members of the Board of Directors for the financial year ended 31 December 2017.
9- vote on the appointment of Mr. / Abdul Aziz Talal Ali Tamimi as a member of the Board of Directors (independent member) as of 27/02/2018 successor to Professor / Ihsan Farid Abdul Jawad (resigning). (Attachment)
10- Vote on the recommendation of the Board of Directors on the increase of credit facilities granted to the company by the Arab National Bank.
Any shareholder registered in the Company's register at the Depository Center at the end of the trading session prior to the meeting of the Association shall be entitled to attend the meeting of the Association and in accordance with the regulations and regulations. The Ordinary General Meeting shall be valid if shareholders present at least one quarter of the capital. If the quorum for holding such a meeting is not available, the second meeting shall be held one hour after the expiry of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein. The shareholder shall have the right to delegate another person to attend by virtue of a written proxy, provided that he is not a member of the board of directors or an employee of the company and that he is certified by the Chambers of Commerce and Industry when the shareholder is affiliated with one of them or if the shareholder is a company or legal entity. One of the licensed banks or authorized persons in the Kingdom, provided that the client has an account with the bank or the authorized person who is ratifying. Notaries or persons authorized to do so. The shareholder or the agent shall supply a copy of the power of attorney at least two days prior to the date of the assembly, and send it to the company's headquarters at PO Box 1053, Dammam. Postal Code 31431 Telephone 0138217201 Fax 0138472648 The agent must present the original of the power of attorney before the assembly. All shareholders / proxy will bring the national identity Note that the shareholders registered in the services of the remote voting trades will be able to the articles of the Assembly from 10 am on Saturday 26/08 / 1439H corresponding to 12/05/2018 and until 4:00 pm on the day of the assembly, The registration will be To vote in the services available and Trades free of charge to all shareholders by using the following link:
For inquiries, please call 0138217201 Fax 0138472648
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.