Methanol Chemicals Company (Chemanol) Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

12 November 2024
Author: chemanol
Number of views: 1221
0 Comments

Element	Explanation
Introduction	The Board of Directors of Methanol Chemicals Company (Chemanol) is pleased to announce to the Company’s shareholders the results of the Ordinary General Assembly Meeting (first meeting), held on Thursday 28/04/1446 H. corresponding to 31/10/2024 at 07:00 pm. via modern technology means provided by Tadawulaty.
City and Location of the Extraordinary General Assembly's Meeting	Company Head Office – Jubail Industrial City
Date of the General Assembly's Meeting	28/04/1446 H. corresponding to 31/10/2024
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 following Board members attended the meeting: Mr. Melfi Manahi Al-Marzoqi (Vice Chairman has chaired the meetng). Eng. Saud Abdullah Al-Sanea (Board Member). Eng. Abdullah Abdulaziz Al-Znaedi (Board Member) Eng. Waleed Abdulaziz Al-Showair (Board Member) Mr. Yousif Abdullah Abdulaziz Al Rajhi (Board Member) Mr. Hani Sulaiman Al-Saleh (Board Member) Mr. Abdullah Abdul Rahman Bu-Ali (Board Member) Eng. Sabri Abdullah Al-Ghamdi (MD & CEO) Eng. Ali Abdul Aziz Al-Turki (Chairman) apologized for not attending the meeting due to personal reasons.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Saad Ibrahim Al-Mushawah (Chairman of Audit Committee) Eng. Abdullah Abdulaziz Al-Znaedi (Chairman of Marketing Committee) Eng. Akram Aouni Al-Rabayah (Chairman of Project Steering Committee) Mr. Hani Sulaiman Al-Saleh (Chairman of Nomination and Remuneration Committee) Eng. Ali Abdul Aziz Al-Turki (Chairman of Executive Committee) apologized for not attending the meeting.
Voting Results on the Items of the General Assembly's Meeting Agenda's	Approval of the election of the Board of Directors from among the candidates for the next 4-year term beginning on 12/11/2024 and ending on 11/11/2028. The following are the elected members of the Board: Eng. Fares bin Mansoor Mohammed Al-Rajhi Mr. Abdullah bin Mushabab Saleh Al-Qahtani Mr. Fahd bin Saud Abdullah Al-Emran Mr. Abdul Aziz Abdul Rahman Muqbil Al-Shamekh Mr. Sultan bin Saleh Ayada Al-Khamshi Mr. Yousif bin Abdullah Abdulaziz Al Rajhi Mr. Hani bin Sulaiman Abdul Rahman Al-Saleh Eng. Sabri bin Abdullah Misfer Al-Ghamdi Eng. Abdullah bin Abdulaziz Nasir Al-Znaedi Approval of delegating the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law to the Board of Directors for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier. Such delegation shall be in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.