ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 14TH ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING)

Element List	Explanation
Introduction	The Board of Directors of Advanced Petrochemical Company (Advanced) is pleased to invite its shareholders to attend the 14th Ordinary General Assembly Meeting (Frist Meeting).
City and Location of the General Assembly's Meeting	Dammam city at Advanced Head Office (Gulf Road Dammam Corniche - SAMEC Building fifth floor).
URL for the Meeting Location	https://goo.gl/maps/NWBW1SrzaxF2
Date of the General Assembly's Meeting	2020-03-31 Corresponding to 1441-08-07
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Each shareholder registered in the Company register at the Securities Depository Center Company (Depository Center) at the end of the trading session preceding the meeting of the General Assembly convened in accordance with the Laws and Regulation has the right to attend the meeting. Those shareholders who cannot attend the meeting on the specified time may delegate another person to attend the meeting other than the members of the Board of Directors or the Company employees by virtue of a written proxy (as per the attached Proxy Form) certified by the respective Chamber of Commerce and Industry if the shareholder is a member of such Chamber or if the shareholder is a company or corporate establishment, or by one of the licensed banks or licensed persons in the Kingdom of Saudi Arabia, provided that the shareholder shall have an account with such bank or licensed person who does the authentication, or by the Notary Public or persons licensed to practice authentication, and shall provide the Company with a copy of the Proxy Form to the fax 0133566069 or by e-mail to faisal.jalhami@advancedpetrochem.com at least two days prior to the date of the Assembly Meeting.
Quorum for Convening the General Assembly's Meeting	The quorum to convene the Ordinary General Meeting is the attendance of shareholders representing at least twenty five (25%) percentage of the Company capital. If such quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting and the second meeting will be deemed quorate irrespective of the number of shares represented at the meeting.
General Assembly Meeting Agenda	1. To vote on the Board of Directors Report for the year ended 31-12-2019.

2. To vote on the Company consolidated financial statements for the year ended 31-12-2019.

3. To vote on the external auditor report for the year ended 31-12-2019.

4. To vote on appointing an external auditor for the company among those nominees based on the recommendation of the Audit committee to review and audit the (first, second, third and fourth) quarters and annual financial statements respectively, and determine their remuneration for fiscal year 2020.

5. To vote on the recommendation of the Board of Directors of distribution of cash dividend to shareholders for the fourth quarter of 2019 by Saudi Riyals 140.7 million representing 6.5% of the share capital and the dividend per share will be (SAR 0.65). The eligibility for the dividend shall be for the shareholders owning shares at the end of trading day on the day of 14th Ordinary General Assembly Meeting and registered in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date. The date of dividend distribution will be announced later.

6. To vote on the resolutions of the Board of Directors dated 19.03.2019, 23.05.2019 & 13.10.2019 regarding the distribution of interim dividends for Q1, Q2 &Q3 of 2018 amounting to Saudi Riyals 416.3 million representing 20.5% of the share capital and the distributed dividend per share was (SAR 2.05) as attached.

7. To vote on authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2020.

8. To vote on Discharge of the members of the Board of Directors for the year ended 31-12-2019.

9. To vote on delegating the board of directors the vested powers of the general assembly meeting as per article (71/1) 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 Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. Proxy Form E-Vote Shareholders who are registered in Tadawulaty services portal can vote online on the agenda items through (E-Voting System) starting from 10:00 a.m. Thursday March 27, 2020 corresponding to 03-08-1441H until 04:00 p.m. on the day of the meeting. Accordingly, all shareholders who are not able to attend the Ordinary General Assembly are invited to use electronic voting by visiting Tadawulaty web page www.tadawulaty.com.sa which provides registration and voting services free of charge to all shareholders. Eligibility for Attendance Registration and Voting Each shareholder or delegate willing to attend the meeting must present the original national identity and the original Proxy Form and attend before the meeting by enough time in order to finalize registration before starting the meeting. Noting that the right of a shareholder to register for the meeting will end at the time of starting the general meeting, and the right to vote on the agenda items will end when the screening committee completes screening the votes. Method of Communication For any inquiry and clarification, please contact the Shareholders Relations on Tel: 0133566061, Fax: 0133566069 or Email: faisal.jalhami@advancedpetrochem.com Attached Documents

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