Mesaieed AGM Approves Distributing 6% Cash Dividend

March 06, 2017

Mesaieed Petrochemical Holding Company announced the results of the Ordinary General Assembly Meetings held on Monday, March 6, 2017 in Al-Wajba Ballroom, La Cigale Hotel, as follows:

The agenda for the Ordinary General Assembly Meeting:

1. Hearing the Chairman’s speech on the results of the financial year ended December 31, 2016.

2. Hearing and approving the Board of Directors’ Report on MPHC’s operations and financial performance in the financial year ended December 31, 2016, and the future plans of the Company.

3. Hearing and approving the Auditors’ Report on MPHC’s consolidated financial statements for the financial year ended December 31, 2016.

4. Approval of MPHC’s financial statements for the financial year ended December 31, 2016.

5. Approve the 2016 Corporate Governance Report

6. Approve the Board’s recommendation for a dividend payment of QR0.6 per share, representing 6% of the nominal share value.

7. Absolve the Board of Directors from responsibility for the year 2016 and approve their remuneration.

8. Appointment of the external auditors for the financial year ending December 31, 2017 and approve their fees.

The agenda for the Extraordinary General Assembly Meeting:

9.  Approval of the proposed amendments to the Company’s article of association.