Methanol Chemicals Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Methanol Chemicals Company is pleased to invite the Company’s shareholders to attend the Ordinary General Assembly Meeting (first meeting, and second meeting will be held after one hour if quorum hasn’t been met) on Tuesday 04/04/1443 H. corresponding to 09/11/2021 at 7:30 pm. The meeting will be held through the modern technology means using Tadawulaty Platform to ensure the safety of dealers in Stock Exchange Market and within the efforts of supporting the preventive and precautionary measures of the relevant health authorities to address the Corona Virus pandemic (COVID-19) and as an extension of the continuous efforts exerted by all governmental authorities in the Kingdom of Saudi Arabia in taking the necessary measures to prevent the spread of the Virus. |
| City and Location of the General Assembly's Meeting | Company Head Office – Jubail Industrial City |
| URL for the Meeting Location | https://www.tadawulaty.com.sa/ |
| Date of the General Assembly's Meeting | 2021-11-09 Corresponding to 1443-04-04 |
| Time of the General Assembly's Meeting | 19:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | As per Article (33) of the Company’s Articles of Association, “the meeting of the Ordinary General Assembly shall be valid only if attended by Shareholders representing at least one quarter of the share Capital. If the required quorum is not satisfied for this meeting, a second meeting shall be held one hour after the expiration of the designated period for convening the first meeting. The second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Voting on the election of the Board of Directors from among the candidates for the next 3-year term beginning on 12/11/2021 and ending on 11/11/2024. (Candidates CVs attached). |
2. Voting on the formation of the Audit Committee and determining its functions and work controls as well as the remunerations of its members for the new term beginning on 12/11/2021 and ending on 11/11/2024. The following are the candidates for the new Audit Committee (Candidates CVs are attached):
a) Mr. Saad Ibrahim Al-Mushawah (Chairman)
b) Mr. Abdullah Abdul Rahman Al Al-Sheikh. (Member)
c) Mr. Khalid Abdul Aziz Al-Hoshan (Member)
3. Voting on delegating the authorization powers of the General Assembly stipulated in paragraph (1) of Article (71) of the Companies Law to the Board of Directors for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier. Such delegation shall be in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.
Please note that to accept inquiries, a shareholder is required to send a copy of his identity.
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