The 11th Ordinary General Assembly Meeting of Advanced Petrochemical Company (Advanced) was held on Thursday December 28, 2017 corresponding to 10-04-1439 H at 19:00 at Advanced Head Office (Gulf Road Dammam Corniche - SAMEC Building, fifth floor) after fulfilling the required quorum with the participation of shareholders representing 29.04% of the company capital through personal and proxy attendance in addition to electronic voting. The shareholders voted and resolved all the items on the agenda as follows:
1. Approve the appointment of Mr. Abdullah Abdul Rahman Bu Ali (a Non Director) as a member in the Audit Committee to replace Mr. Hisham Al Naser resigned earlier, and Mr Walid Mohammed Abdullah Al Jaafari (Independent Director) as fourth member of the Audit Committee, provided that these appointments will be effective from the date of the approval by the General Assembly until the end of the current Board term dated September 30, 2019.
2. Approve the updated Policies, Standards and Procedures for the Membership of the Board of Directors.
3. Approve the Remuneration Policy for the Members of the Board of Directors, Board Committees and Executive Management.
4. Approve the updated Nominations and Remuneration Committee Charter.
5. Approve the updated Audit Committee Charter.
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