Sahara Petrochemicals : PETROCHEMICAL CO. INVITES ITS SHAREHOLDERS TO ATTEND THE 10TH ORDINARY GENERAL ASSEMBLY MEETING (REMINDER)

The board of directors of Sahara Petrochemical Co. is pleased to remind its shareholders owning 20 shares or more to attend the Ordinary general assembly Meeting to be held in the Ritz- Carlton Hotel in Riyadh on 29-03-2015 corresponding to 09-06-1436 H at 18:30 to consider the following agenda:

1. The approval on the 2014 Board of Directors Report.
2. The approval on the companys financial & income statements and the auditors report for the period from 01/01/2014 to 31/12/2014.
3. To discharge the members of the Board of Directors from liability for the period from 01/01/2014 to 31/12/2014.
4. The Approval of the appointment of the financial auditor to review the annual and quarterly financial statements of 2015 and determining their fees based on the audit committee recommendations.
5. The approval on the Board of Directors recommendation to distribute an amount of SAR 372,975,750 as dividends to shareholders (SAR 0.85 per share) representing 8.5% of the companys capital for the fiscal year 2014, where the entitlement of this distribution is for shareholders listed at the end of trading on the day of the above-mentioned meeting.
6. Approval of the Board of Directors remuneration totaling (SR 200,000) for each member for the fiscal year ended on 31 December 2014 G.
7. Election of Saharas new board members for the 4th term starting from 27/06/2015 for 3 years up to 26/06/2018 through cumulative voting

The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50 % of the company's capital. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the official parties authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to Sahara Petrochemicals Co 6894 Industrial city Unit No 1 Jubail 35725 4801 or fax +966 13 358 9911 and delivered to the company prior 3 day of the meeting.
Contact details : +966 13 3567788 or email:shareholders@SaharaPCC.com

BOD