Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) shareholders will elect board members for the upcoming three-year term, ending on Nov. 2, 2024, during the ordinary general meeting (OGM) slated for Oct. 20, according to a bourse filing.
Shareholders will vote on the formation of a new audit committee, and define its duties, work regulations and member remuneration for the same term.
The candidates include Abdullah Jaber Al-Faifi, Noriaki Takeshita, Suleiman Amer Al-Bargan, and Mohammed Abdullatif Al-Omair.
Additionally, they will vote on the formation of the nomination & remuneration committee, and define its duties, work regulations and member remuneration for the upcoming term.
Shareholders will also vote on delegating the board of directors with the authority powers of the OGM, for a period of one year, starting from the date of the approval by the OGM or until the end of the delegated board term, whichever is earlier, in accordance with the conditions in the Regulatory Rules and Procedures issued pursuant to the Companies Law related to Listed Joint Stock Companies.
Shareholders registered on Tadawulaty services can vote remotely on the OGM agenda as of Oct. 16, 2021.
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