Basic Chemical Industries Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

1-Mr. Abdulla Muhanna Al-Moaibed

2- Mr. Abdulaziz Abdulla Alnaim

3- Mr. Muhanna Abdul Aziz Al Moaibed

4- Mr. Alaa Abdullah Al Sheikh

5-Mr. Othman Riyad Al-Humaidan

6- Mr. Nasser Abdullah Al Moaibed

7- Jassim Shaheen Hamad Al-Rumaihi - Member of the Audit Committee.

Not attended by.

1- Mr. Tariq Ali Al-Tamimi

2-Mr. Abdul Aziz Talal Altamimi

3- Mr. Suleiman Abdullah Al-Qadi

2- Mr. Othman Riyad Al-Humaidan (Chairman of the NRC)

2. Approval of the Auditor’s Report for the fiscal year ended December 31, 2024, after discussion.

3. Reviewal of the financial statements for the fiscal year ended December 31, 2024, after discussion.

4. Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ended December 31, 2024.

5. Approval of the election of the Board of Directors members from among the nominees for the upcoming term, which begins on 15-06-2025 and lasts for three years, ending on 14-06-2028. The following members have been elected:

1- Abdullah Mhana Al-Muaibid – Non-Executive Member

2- Tareq Ali Al-Tamimi – Non-Executive Member

3- Jassim Shaheen Hamad Al-Rumaihi – Independent Member

4- Abdulaziz Abdullah Al-Naeem – Non-Executive Member

5- Nasser Abdullah Al-Muaibid – Non-Executive Member

6- Abdullah Khalifa Shaheen Al-Buainain – Independent Member

7- Othman Riyadh Al-Humaidan – Non-Executive Member

8- Abdulaziz Talal Al-Tamimi – Non-Executive Member

9- Muhana Abdulaziz Al-Muaibid – Independent Member

6. Approval of the payment of remuneration to the Board of Directors in the amount of SAR 1,937,000 for the fiscal year ended December 31, 2024.

7- Approval to authorize the Board of Directors to distribute interim dividends (semi-annually or quarterly) for the fiscal year 2025.

8- Approval of the appointment of Messrs. PKF as the company’s external auditors, from among the nominated candidates and based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third, and annual periods of the fiscal year 2025, and the first quarter of the fiscal year 2026, for a total fee of SAR 630,000.

9- Approval of the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2024 at a rate of SAR 1 per share, representing 10% of the nominal value of each share, with a total amount of SAR 27,500,000.

Eligibility shall be for shareholders holding shares at the end of the trading day on which the General Assembly is convened and who are registered in the Company’s shareholder register with the Securities Depository Center Company (Edaa) by the end of the second trading day following the entitlement date.