| Element List | Explanation |
|---|---|
| Introduction | Sahara International Petrochemical Company (Sipchem) announces the results of the 27th General Assembly meeting (the First Meeting) |
| City and Location of the General Assembly's Meeting | Company’s Headquarter Khobar - via modern technology |
| Date of the General Assembly's Meeting | 2026-05-20 Corresponding to 1447-12-03 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 36.8% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The President and all the members of the Board of Directors attended the Assembly meeting via modern technology, as follows: 1- Eng. Khalid A. Al Zamil (Chairman) 2- Mr. Fahad S. Al Rajhi (Vice Chairman) 3- H.E. Eng. Osama A. Al Zamil 4- Eng. Saeed O. Al Esayie 5- Eng. Reyad S. Idrees 6 -Mr. Saied A. Basamh 7- Eng. Abdullah S. Al Saadoon 8- Eng. Abdullah K. Al Buainain 9- Eng. Ahmed A. Al Saadi 10- Mr. Firas M. Al Abad 11- Mr. Ahmad A. Al Dakheel |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1-Mr. Fahad S. Al Rajhi (Chairman of the Executive Committee) 2-Eng. Abdullah K. Al Buainain (Chairman of Audit Committee) 3-Mr. Ahmad A. Al Dakheel (Chairman of the Nominations and Remuneration Committee) 4-Mr. Turki M. Al Marzouq (Chairman of the Corporate Governance Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1.Viewed and discussed the annual Board report for the fiscal year ending 31 December 2025. 2.Viewed and discussed the Financial Statements of the fiscal year ending 31 December 2025. 3.Approving the auditors' report for the year ended as of 31/12/2025. 4.Approving to absolve the members of the Board of Directors from their liability for the past year 31/12/2025. 5.Approving Authorizing the Board of Directors to distribute interim quarterly (quarter/ half) annual profits for the fiscal year 2026. |
Sahara International Petrochemical Company announces the results of the 27th General Assembly Meeting (First Meeting)
AI Summary
- Sipchem shareholders authorized the Board of Directors to distribute interim dividends (quarterly or semi-annual) for the 2026 fiscal year.
- The assembly approved the auditors' report and reviewed the financial statements and Board report for the fiscal year ending December 31, 2025.
- Board members were absolved from liability for the 2025 fiscal year during the meeting held on May 20, 2026.
- The virtual meeting recorded a 36.8% shareholder attendance rate with all board members and committee chairmen present.
