ADVANCED PETROCHEMICAL COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE 11TH ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING)

The Board of Directors of Advanced Petrochemical Company (Advanced) is pleased to invite its shareholders to attend the 11th Ordinary General Assembly Meeting to be held in Dammam at Advanced Head Office (Gulf Road Dammam Corniche - SAMEC Building, fifth floor) location link https://maps.app.goo.gl/qXfrkIKcwNZNiMwF2 on December 28, 2017 corresponding to 10-04-1439 H at 7:00 p.m. to discuss the following agenda:

1. To vote on 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 (attached curriculum vitae of these candidates).

2. To vote on the updated Policies, Standards and Procedures for the Membership of the Board of Directors (attached).

3. To vote on the Remuneration Policy for the Members of the Board of Directors, Board Committees and Executive Management (attached).

4. To vote on the updated Nominations and Remuneration Committee Charter (attached).

5. To vote on the updated Audit Committee Charter (attached).

Noting that each shareholder, registered in the Company register at the Depository Center at the end of the trading session preceding the meeting of the General Assembly has, the right to attend the meeting in accordance with the Companies Law. 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 under a written proxy (according to attached Proxy Form) certified by the Chambers of Commerce and Industry where a shareholder is a member of one of such Chambers, or if a shareholder is a company or legal establishment, or one of the licensed banks, or licensed persons in the Saudi Arabia provided that a shareholder shall have an account with such bank or licensed person who does authentication, or the Notary Public or licensed persons to do authentication and shall provide the Company with a copy of the Proxy Form to the fax 0133566069 or by e-mail faisal.jalhami@advancedpetrochem.com at least two days prior the date of the Assembly Meeting. 

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 half hour in order to finalize registration before starting the meeting.

Noting that the quorum to convene the Ordinary General Meeting is 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.

Shareholders who are registered in Tadawulaty services portal can vote online starting from 10:00 a.m. Sunday December 24, 2017 corresponding to 06-04-1439H until 04:00 p.m. on the day of the meeting.

Accordingly, we are inviting all the shareholders who are not able to attend the Ordinary General Assembly into electronic voting and vote online through their investment accounts in the brokerage firms directly or by visiting Tadawulaty web page www.tadawulaty.com.sa which provides registration and voting services free of charge to all shareholders.