Sahara PCC held its 10th Shareholders' Ordinary General Assembly Meeting
March 31 2015

Sahara Petrochemicals Co. held its 10th Ordinary general assembly meeting in Riyadh Ritz-Carlton hotel on 29-03-2015 corresponding to 09-06-1436 at 18:30.The meeting was chaired by H.E. Eng. Abdulaziz A. Al-Zamil, Chairman who declared at the end of the meeting the adoption of the following resolutions:

1. Approval of the 2014 Board of Directors' Report.
2. Approval of the company's financial & income statements for the period from 01/01/2014 to 31/12/2014.
3. Discharge the members of the Board of Directors from liability for period from 01/01/2014 to 31/12/2014.
4. Approval of the appointment of KPMG as the financial auditor to review the annual and quarterly financial statements of 2015 and determining their fees.
5. Approval of the Board of Directors recommendation to distribute an amount of SAR 372,975,750 as dividend to shareholders at the rate of SAR 0.85 per share representing 8.5% of the company's capital for the fiscal year 2014, where the entitlement of this distribution is for shareholders listed in the registers at the closing of trading on the day of the above-mentioned meeting. Dividends are to be dispensed and deposited in the shareholders portfolios through the Riyadh Bank start on 02/04/2015 G.
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 Sahara's new board members for the 4th term starting from 27/06/2015 for 3 years up to 26/06/2018. The following candidates for the board membership were elected according to article 32 of the company's bylaws which contemplated the approval of the cumulative voting to elect the members of the board of directors as follows:

• H.E. Abdulaziz A. Al-Zamil
• Mr. Jabr M Al-Jabr
• Mr. Usamah A Al-Zamil
• Mr. Said O. Al-Esayi
• Eng. Saleh Mo. Bahmdan
• Mr. Rashid S. Al-Ghurair
• Mr. Khalid A. Al-Abdullatif
• Eng. Ahmed F. Al- Duwayan
• Mr. Fahad H . Al-Mohsen
• Dr. Abdullah M. Mahfodh
• Mr. Mohammed A. Al-Musalim

With compliments..
Public Relations Department

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