A general assembly, “Yanbat” agrees to authorize the Board of Directors to distribute interim profits

Yanbu National Petrochemical Company (Yanbil) announced the results of the sixteenth ordinary general assembly meeting (the first meeting), which was held last Thursday.
The company said in a statement on Saudi Arabia’s circulation: The results of the voting on the association’s agenda included:
1. See the report of the Board of Directors for the fiscal year ending and 31/1424 AD and its discussion.
2. See the financial statements for the fiscal year ending and discussing and discussing them.
3. Approval of the company’s audit auditor’s report on the fiscal year ending 12/21/24 AD after its discussion.
4. Approving the mandate of the Board of Directors to distribute interim profits in a semi -annual or quarterly basis for the fiscal year ending on 12/21/25 AD.
5. Approval of the appointment of Price Water House Copers (PWC) auditor of the company from among the candidates based on the recommendation of the audit committee; This is to examine, review and audit the financial statements for the next four years starting from the second quarter of 2025 AD to the first quarter of the year 2029 AD, with total fees of 2,512,000 riyals, not inclusive of the added tax value.
6. Approval of the discipline of the members of the Board of Directors for the fiscal year ending on 12/21/2024.