Yansab shareholders to elect board members, amend bylaws on March 12

Shareholders to also discuss amending Yansab’s objectives

Yanbu National Petrochemical Co. (Yansab) shareholders are set to vote on electing members of the board of directors for a new three-year term starting on March 16, 2026, during the extraordinary general meeting (EGM) that will be held on March 12.

In a statement to Tadawul, the company said that if the voting results were not sufficient to appoint the minimum number of independent members on its board as statutorily required, the necessary number of independent members will replace the non-independent members according to their ranking based on the votes they received.

Shareholders will also vote on authorizing the board to distribute interim dividends for 2026 on a semi-annual or quarterly basis.

Meanwhile, they will vote on amending Article 3 of the company’s bylaws related to its objectives to become as follows:

The company shall exercise its objectives in accordance with the applicable laws after obtaining the necessary licenses, if any, from the competent authorities.

To view company’s objectives before amendments