Advanced shareholders to vote on appointing board member, auditor on Feb. 28

Advanced Petrochemical Co. invited its shareholders to attend the ordinary general assembly meeting (OGM) that will be held on Feb. 28., the company said in a bourse statement.

During the meeting, shareholders will vote on appointing an auditor for the company among those nominees based on the recommendation of the audit committee to review and audit Q2, Q3 and annual financial statements of 2022, as well as Q1 2023, and determine its remuneration.

Meanwhile, they will vote on the board’s resolution to appoint Bander Sulaiman Alghafees (independent director) as a board member and member of the audit committee from July 27, 2021, until the end of the current term on Sept. 30, 2022.

Shareholders can remotely e-vote on the agenda items through Tadawulaty services from Feb. 24.