Advanced Petrochemical Company has announced that the company held its Extraordinary general assembly meeting in the headquarters in Dammam on 25-02-2014 corresponding to 25-04-1435 at 04:30 P.M. All resolutions of the meeting are as follows:

1. Approval of the 2013 Board of Directors Report.

2. Approval of the company financial statements for the period from 01-01-2013 to 31-12-2013.

3. Approval of the Board of Directors recommendation to distribute monetary dividends for the second half of 2013 of (204.99) million Saudi riyals by 1.25 riyals per share, which represent (12.5%) of the share capital, Only shareholders registered in the company shareholders records at the end of the Tadawul of the date of holding the Fifth Extraordinary General Assembly shall be eligible to receive the dividends. This brings the total earnings, which will be distributed for the year ended 31-12-2013 is (368.89) million Saudi riyals by 2.25 riyals per share.

4. Approval of the Board of Directors remuneration (200,000) for each Member of the Board of Directors for the fiscal year ended on 31 December 2013.
5. Discharge the members of the Board of Directors from liability for period from 01-01-2013 to 31-12-2013.

6. Approve of the appointment of (Deloitte & Touche Bakr Abulkhair & Co) as the financial auditor to review the annual and quarterly financial statements of 2014 and determining their fees.

7. Approval Procedure related to attend business meetings allowance for Member of Board Directors.

8. Approval of an amendment to article 4 bylaws of advanced petrochemical company, concerning participation and mergers as attached.

The dividend will be distributed as of Saturday 22-05-1435 H corresponding 23-03-2014 to Shareholders in the local Saudi banks through direct transfers.

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