ADVANCED PETROCHEMICAL COMPANY
The Board of Directors of Advanced Petrochemical Company (Advanced) is pleased to invite its shareholders owning 20 shares or more to attend the Ordinary General Assembly Meeting to be held in Dammam at Advanced's Head Office (Gulf Road Dammam Corniche - SAMEC Building fifth floor) on September 15, 2014 corresponding to 20-11-1435 at 6:00 P.M to consider the following agenda:
1. To approve issuance of Sukuk in compliance with Shariah principles, whether in part or several parts through the issuance of one or a series of issuance from time to time, with the amounts and terms set by the Company as per the Board of Directors approval without referring to the General Assembly of shareholders on this matter, and with a condition that these instruments does not exceed the value of the Company's capital.
2. Authorize the Board of Directors to take all necessary measures to issue such sukuk, once the necessary approvals from the relevant authorities have been received. The Board may delegate any or all of its authorization to any person or persons who may then also delegate this authorization.
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 shares or more shall have the right to attend the Ordinary General Assembly Meeting, whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the Chamber of Commerce authorizing another shareholder, other than a 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 P.O box 11022, Jubail Industrial City r 3 days prior to the meeting. Contact details: Tel: 013-3566061 Fax: 013-3566006 or email: Shares@advancedpetrochem.com
Additional information: Shareholders may vote on the Ordinary General Assembly Meeting Agenda via e-voting (electronic voting). Start of e-voting will be announced on Tadawul later on.
1. To approve issuance of Sukuk in compliance with Shariah principles, whether in part or several parts through the issuance of one or a series of issuance from time to time, with the amounts and terms set by the Company as per the Board of Directors approval without referring to the General Assembly of shareholders on this matter, and with a condition that these instruments does not exceed the value of the Company's capital.
2. Authorize the Board of Directors to take all necessary measures to issue such sukuk, once the necessary approvals from the relevant authorities have been received. The Board may delegate any or all of its authorization to any person or persons who may then also delegate this authorization.
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 shares or more shall have the right to attend the Ordinary General Assembly Meeting, whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the Chamber of Commerce authorizing another shareholder, other than a 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 P.O box 11022, Jubail Industrial City r 3 days prior to the meeting. Contact details: Tel: 013-3566061 Fax: 013-3566006 or email: Shares@advancedpetrochem.com
Additional information: Shareholders may vote on the Ordinary General Assembly Meeting Agenda via e-voting (electronic voting). Start of e-voting will be announced on Tadawul later on.
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