تﻼﯾﺪﻌﺘﻟا ﺔﺣﺮﺘﻘﻤﻟا
ﻲﺳﺎﺳﻷا مﺎﻈﻨﻟا ﻰﻠﻋ
Proposed Amendments to the By-laws
By-laws of the
Advanced Petrochemical Company
"Saudi Joint Stock Company"
ﻲﺳﺎـﺳﻷا مﺎـﻈﻨﻟا ﺔـﻛﺮﺸﻠﻟ تﺎﯾوﺎﻤﯿﻛوﺮﺘﺒﻠﻟ ﺔـﻣﺪﻘﺘﻤﻟا
" ﺔﯾدﻮﻌﺳ ﺔﻤھﺎﺴﻣ ﺔﻛﺮﺷ "
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (2) Company Name: :ﺔﻛﺮﺸﻟا ﻢﺳإ (2) ةدﺎﻣ
Advanced Petrochemical Company
(Listed Joint Stock Company)
تﺎﯾوﺎﻤﯿﻛوﺮﺘﺒﻠﻟ ﺔﻣﺪﻘﺘﻤﻟا ﺔﻛﺮﺸﻟا ( ﺔﺟرﺪﻣ ﺔﻤھﺎﺴﻣ ﺔﻛﺮﺷ)
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (2) Company Name: :ﺔﻛﺮﺸﻟا ﻢﺳإ (2) ةدﺎﻣ
Advanced Petrochemical Company
(Listed Joint Stock Company), abbreviated as (ADVANCED).
تﺎﯾوﺎﻤﯿﻛوﺮﺘﺒﻠﻟ ﺔﻣﺪﻘﺘﻤﻟا ﺔﻛﺮﺸﻟا ( ﺔﺟرﺪﻣ ﺔﻤھﺎﺴﻣ ﺔﻛﺮﺷ) ـﺑ ًارﺎﺼﺘﺧا فﺮﻌﺗو ،
.(ﺔﻣﺪﻘﺘﻤﻟا)
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (3) Company Purposes: :ﺔﻛﺮﺸﻟا ضاﺮﻏأ (3) ةدﺎﻣ
The purposes for which the Company has been
incorporated are as follows:
ﺎﻤﯿﻓ ﺎﮭﻠﺟأ ﻦﻣ ﺔﻛﺮﺸﻟا ﺖﻧﻮﻜﺗ ﻲﺘﻟا ضاﺮﻏﻷا ﻞﺜﻤﺘﺗ :ﻲﻠﯾ -
1. To invest in industrial projects including, but not limited to, projects relating to petrochemical, chemical, basic and conversion industries and industries relating to renewable energy;
1 ﻲﻓ ﺎﻤﺑ ﺔﯿﻋﺎﻨﺼﻟا ﻊﯾرﺎﺸﻤﻟا ﻲﻓ رﺎﻤﺜﺘﺳﻻا . ﻚﻠﺗ ،ﺮﺼﺤﻟا ﻻ لﺎﺜﻤﻟا ﻞﯿﺒﺳ ﻰﻠﻋ ،ﻚﻟذ ﻊﯾرﺎﺸﻤﻟا تﺎﻋﺎﻨﺼﻟﺎﺑ ﺔﻘﻠﻌﺘﻤﻟا
تﺎﻋﺎﻨﺼﻟاو ﺔﯾوﺎﻤﯿﻜﻟاو ﺔﯾوﺎﻤﯿﻛوﺮﺘﺒﻟا ﺔﻘﻠﻌﺘﻤﻟا تﺎﻋﺎﻨﺼﻟا و ﺔﯿﻠﯾﻮﺤﺘﻟاو ﺔﯿﺳﺎﺳﻷا .ةدﺪﺠﺘﻤﻟا ﺔﻗﺎﻄﻟﺎﺑ
2. To establish, operate and own industrial projects both within and outside of the Kingdom of Saudi Arabia;
2 ﻊﯾرﺎﺸﻤﻟا كﻼﺘﻣاو ﻞﯿﻐﺸﺗو ءﺎﺸﻧإ .
ﺎﻨﺼﻟا ﺔﯿﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا جرﺎﺧو ﻞﺧاد ﺔﯿﻋ
.ﺔﯾدﻮﻌﺴﻟا
3. To market the Company's products both within and outside of the Kingdom of Saudi Arabia;
3 تﺎﺠﺘﻨﻣ ﻖﯾﻮﺴﺗ . ﺔﻛﺮﺸﻟا
جرﺎﺧو ﻞﺧاد
.ﺔﯾدﻮﻌﺴﻟا ﺔﯿﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا
4. To conduct wholesale and retail trading of products relating to the Company's activities; and
4 تﺎﺠﺘﻨﻤﻟﺎﺑ ﺔﺋﺰﺠﺘﻟاو ﺔﻠﻤﺠﻟا ةرﺎﺠﺗ .
.ﺔﻛﺮﺸﻟا تﺎطﺎﺸﻨﺑ ﺔﻄﺒﺗﺮﻤﻟا
5. To own real estate and to construct buildings and warehouses necessary for the storage of the Company's products and for other uses which the Company may require during the conduct of its operations.
5 ﻲﻧﺎﺒﻤﻟا ءﺎﺸﻧإو تارﺎﻘﻌﻟا ﻚﻠﻤﺗ . ﻦﯾﺰﺨﺗو ﻆﻔﺤﻟ ﺔﻣزﻼﻟا تﺎﻋدﻮﺘﺴﻤﻟاو ىﺮﺧﻷا تﺎﻣاﺪﺨﺘﺳﻼﻟو ﺔﻛﺮﺸﻟا تﺎﺠﺘﻨﻣ ﺎﮭﺟﺎﺘﺤﺗ ﻲﺘﻟا .ﺎﮭﺗﺎﯿﻠﻤﻋ ﻲﻓ ﺔﻛﺮﺸﻟا
The Company shall undertake these activities in accordance with applicable laws after obtaining the necessary approvals from the relevant authorities, if any.
ﺪﻌﺑ ﺔﻌﺒﺘﻤﻟا ﺔﻤﻈﻧﻷا ﻖﻓو ﺎﮭﺘﻄﺸﻧأ ﺔﻛﺮﺸﻟا سرﺎﻤﺗو تﺎﮭﺟ ﻦﻣ ﺔﻣزﻼﻟا ﺺﯿﺧاﺮﺘﻟا ﻰﻠﻋ لﻮﺼﺤﻟا .تﺪﺟو نإ صﺎﺼﺘﺧﻻا
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (3) Company Purposes: :ﺔﻛﺮﺸﻟا ضاﺮﻏأ (3) ةدﺎﻣ
The purposes for which the Company has been
incorporated are as follows:
ﺎﻤﯿﻓ ﺎﮭﻠﺟأ ﻦﻣ ﺔﻛﺮﺸﻟا ﺖﻧﻮﻜﺗ ﻲﺘﻟا ضاﺮﻏﻷا ﻞﺜﻤﺘﺗ :ﻲﻠﯾ -
1. To invest in industrial projects including, but not limited to, projects relating to petrochemical, chemical, basic and conversion industries and industries relating to renewable energy;
1 ﻲﻓ ﺎﻤﺑ ﺔﯿﻋﺎﻨﺼﻟا ﻊﯾرﺎﺸﻤﻟا ﻲﻓ رﺎﻤﺜﺘﺳﻻا . ﻚﻠﺗ ،ﺮﺼﺤﻟا ﻻ لﺎﺜﻤﻟا ﻞﯿﺒﺳ ﻰﻠﻋ ،ﻚﻟذ تﺎﻋﺎﻨﺼﻟﺎﺑ ﺔﻘﻠﻌﺘﻤﻟا ﻊﯾرﺎﺸﻤﻟا تﺎﻋﺎﻨﺼﻟاو ﺔﯾوﺎﻤﯿﻜﻟاو ﺔﯾوﺎﻤﯿﻛوﺮﺘﺒﻟا ﯿﻠﯾﻮﺤﺘﻟاو ﺔﯿﺳﺎﺳﻷا ﺔﻘﻠﻌﺘﻤﻟا تﺎﻋﺎﻨﺼﻟا و ﺔ
.ةدﺪﺠﺘﻤﻟا ﺔﻗﺎﻄﻟﺎﺑ
2. To establish, operate and own industrial projects both within and outside of the Kingdom of Saudi Arabia;
2 ﻊﯾرﺎﺸﻤﻟا كﻼﺘﻣاو ﻞﯿﻐﺸﺗو ءﺎﺸﻧإ . ﺔﯿﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا جرﺎﺧو ﻞﺧاد ﺔﯿﻋﺎﻨﺼﻟا .ﺔﯾدﻮﻌﺴﻟا
3. To market the Company's products both within and outside of the Kingdom of Saudi Arabia;
3 تﺎﺠﺘﻨﻣ ﻖﯾﻮﺴﺗ . ﺔﻛﺮﺸﻟا
جرﺎﺧو ﻞﺧاد
.ﺔﯾدﻮﻌﺴﻟا ﺔﯿﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا
4. To conduct wholesale and retail trading of products relating to the Company's activities; and
4 تﺎﺠﺘﻨﻤﻟﺎﺑ ﺔﺋﺰﺠﺘﻟاو ﺔﻠﻤﺠﻟا ةرﺎﺠﺗ .
.ﺔﻛﺮﺸﻟا تﺎطﺎﺸﻨﺑ ﺔﻄﺒﺗﺮﻤﻟا
5. To own real estate and to construct buildings and warehouses necessary for the storage of the Company's products and for other uses which the Company may require during the conduct of its operations.
5 ءﺎﺸﻧإو تارﺎﻘﻌﻟا ﻚﻠﻤﺗ . ﻲﻧﺎﺒﻤﻟا
ﻦﯾﺰﺨﺗو ﻆﻔﺤﻟ ﺔﻣزﻼﻟا تﺎﻋدﻮﺘﺴﻤﻟاو ىﺮﺧﻷا تﺎﻣاﺪﺨﺘﺳﻼﻟو ﺔﻛﺮﺸﻟا تﺎﺠﺘﻨﻣ ﺎﮭﺟﺎﺘﺤﺗ ﻲﺘﻟا .ﺎﮭﺗﺎﯿﻠﻤﻋ ﻲﻓ ﺔﻛﺮﺸﻟا
6. To manage affiliated companies and
provide necessary support to them.
ﻢﻋﺪﻟا ﺮﯿﻓﻮﺗو ، ﺎﮭﻟ ﺔﻌﺑﺎﺘﻟا تﺎﻛﺮﺸﻟا ةرادإ . 6
.ﺎﮭﻟ مزﻼﻟا
7. Activities Of Head Offices (Overseeing And Managing Of Other Units Of The Company)
7 ﻰﻠﻋ فاﺮﺷﻹا) ﺔﺴﯿﺋﺮﻟا ﺐﺗﺎﻜﻤﻟا ﺔﻄﺸﻧأ .
(ﺎﮭﺗرادإو ﺔﻛﺮﺸﻟا ﻲﻓ ىﺮﺧﻷا تاﺪﺣﻮﻟا
8. Manufacture Of Plastics In Primary
Forms
ﺎﮭﻟﺎﻜﺷأ ﻲﻓ ( ﻦﺋاﺪﻠﻟا) ﻚﯿﺘﺳﻼﺒﻟا ﺔﻋﺎﻨﺻ . 8 ﺔﯿﻟوﻷا
9. Manufacture Of Propylene
ﻦﯿﻠﺑوﺮﺒﻟا ﺔﻋﺎﻨﺻ . 9
10. Investment Companies Activities
ﺔﯾرﺎﻤﺜﺘﺳﻹا تﺎﻛﺮﺸﻟا ﺔﻄﺸﻧأ . 10
11. Activities Of Holding Companies
ﺔﻀﺑﺎﻘﻟا تﺎﻛﺮﺸﻟا ﺔﻄﺸﻧأ . 11
12. Own-account Investment Activities
صﺎﺨﻟا بﺎﺴﺤﻠﻟ رﺎﻤﺜﺘﺳﻻا ﺔﻄﺸﻧأ . 12 ﺔﯿﻨﻌﻤﻟا تاﺪﺣﻮﻠﻟ
13. Manufacture Of Chemical Materials
ﺔﯿﺋﺎﯿﻤﯿﻜﻟا ﺮﺻﺎﻨﻌﻟا ﺔﻋﺎﻨﺻ . 13
The Company shall undertake these activities in accordance with applicable laws after obtaining the necessary approvals from the relevant authorities, if any.
ﻖﻓو ﺎﮭﺘﻄﺸﻧأ ﺔﻛﺮﺸﻟا سرﺎﻤﺗو ﺪﻌﺑ ﺔﻌﺒﺘﻤﻟا ﺔﻤﻈﻧﻷا
تﺎﮭﺟ ﻦﻣ ﺔﻣزﻼﻟا ﺺﯿﺧاﺮﺘﻟا ﻰﻠﻋ لﻮﺼﺤﻟا .تﺪﺟو نإ صﺎﺼﺘﺧﻻا
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (4) Participation in and Ownership of Companies:
تﺎﻛﺮﺸﻟا ﻲﻓ ﻚﻠﻤﺘﻟاو ﺔﻛرﺎﺸﻤﻟا
: (4) ةدﺎﻣ
The Company may have an interest or participate in any manner with corporations or companies engaged in a business which is similar to its business or that may assist the Company in achieving its purposes, and it may own shares or equities in these companies, merge, be merged in or acquire them.
يﺄﺑ كﺮﺘﺸﺗ وأ ﺔﺤﻠﺼﻣ ﺎﮭﻟ نﻮﻜﺗ نأ ﺔﻛﺮﺸﻠﻟ زﻮﺠﯾ لواﺰﺗ ﻲﺘﻟا تﺎﻛﺮﺸﻟا وأ تﺎﺌﯿﮭﻟا ﻊﻣ هﻮﺟﻮﻟا ﻦﻣ ﮫﺟو ﻖﯿﻘﺤﺗ ﻰﻠﻋ ﺎﮭﻧوﺎﻌﺗ ﻲﺘﻟا وأ ﺎﮭﻟﺎﻤﻋﺄﺑ ﺔﮭﯿﺒﺷ ًﻻﺎﻤﻋأ هﺬھ ﻲﻓ ﺺﺼﺤﻟاو ﻢﮭﺳﻷا ﻚﻠﻤﺘﺗ نأ ﺎﮭﻟو ﺎﮭﺿﺮﻏ ﺎﮭﯾﺮﺘﺸﺗ وأ ﺎﮭﯿﻓ ﺞﻣﺪﻨﺗ وأ ﺞﻣﺪﺗ نأو تﺎﻛﺮﺸﻟا .
The Company may also have an interest or participate in any manner with other companies without exceeding (20%) of its free reserves and no more than (10%) of the capital of the Company in which it is participating, and the aggregate of these participations shall not exceed the value of these reserves, while informing the first to come Ordinary General Assembly Meeting.
يﺄﺑ كﺮﺘﺸﺗ نأ وأ ﺔﺤﻠﺼﻣ ﺎﮭﻟ نﻮﻜﺗ نأ زﻮﺠﯾ ﺎﻤﻛ زوﺎﺠﺘﯾ ﻻ ﺎﻤﺑ ىﺮﺧﻷا تﺎﻛﺮﺸﻟا ﻊﻣ هﻮﺟﻮﻟا ﻦﻣ ﮫﺟو
ﻰﻠﻋ ﺪﯾﺰﯾ ﻻو ة ّﺮُﺤﻟا ﺎﮭﺗﺎﯿطﺎﯿﺘﺣا ﻦﻣ % 20 ﻦﻣ % 10
رﺎﺸﺗ ﻲﺘﻟا ﺔﻛﺮﺸﻟا لﺎﻤﺳأر زوﺎﺠﺘﯾ ﻻ نأو ﺎﮭﯿﻓ ك
ﺬھ ﺔﻤﯿﻗ تﺎﻛرﺎﺸﻤﻟا هﺬھ ﻲﻟﺎﻤﺟإ و
ﻊﻣ تﺎﯿطﺎﯿﺘﺣﻻا ه
.ﺎﮭﻟ عﺎﻤﺘﺟا لوأ ﻲﻓ ﺔّﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔّﯿﻌﻤﺠﻟا غﻼﺑإ
The Company may also individually establish companies (whether with limited liability or closed joint stock company) in accordance with Companies’ Law, its Implementation Rules and the instructions of the concerned authorities.
تاذ) ﺎھدﺮﻔﻤﺑ تﺎﻛﺮﺷ ءﺎﺸﻧإ ﺔﻛﺮﺸﻠﻟ زﻮﺠﯾ ﻚﻟﺬﻛ مﺎﻈﻨﻟ ًﺎﻘﺒط (ﺔﻠﻔﻘﻣ ﺔﻤھﺎﺴﻣ وأ ةدوﺪﺤﻣ ﺔﯿﻟﻮﺌﺴﻣ ﻲﻓ ةردﺎﺼﻟا تﺎﻤﯿﻠﻌﺘﻟاو ﺔﯾﺬﯿﻔﻨﺘﻟا ﮫﺘﺤﺋﻻو تﺎﻛﺮﺸﻟا .صﺎﺼﺘﺧﻻا تﺎﮭﺟ ﻦﻣ صﻮﺼﺨﻟا اﺬھ
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (4) Participation in and Ownership of Companies:
تﺎﻛﺮﺸﻟا ﻲﻓ ﻚﻠﻤﺘﻟاو ﺔﻛرﺎﺸﻤﻟا
: (4) ةدﺎﻣ
The Company may have an interest or participate in any manner individually or with Saudi or Non-Saudi corporations or companies. engaged in a business which is similar to its business or that may assist the Company in achieving its purposes, and it The Company may own shares or equities in other these companies, merge, be merged in or acquire them. The Company may also dispose of shares or equities, provided that this does not include mediation in its trading.
يﺄﺑ كﺮﺘﺸﺗ وأ ﺔﺤﻠﺼﻣ ﺎﮭﻟ نﻮﻜﺗ نأ ﺔﻛﺮﺸﻠﻟ زﻮﺠﯾ هﻮﺟﻮﻟا ﻦﻣ ﮫﺟو ءاﻮﺳ
وأ ﺎھدﺮﻔﻤﺑ ﻊﻣ
تﺎﺴﺳﺆﻤﻟا
وأ ﺔﯾدﻮﻌﺴﻟا تﺎﻛﺮﺸﻟا وأ تﺎﺌﯿﮭﻟا زﻮﺠﯾ ﺎﻤﻛ .ﺔﯿﺒﻨﺟﻷا وأ
ﺔﻛﺮﺸﻠﻟ ًﻻﺎﻤﻋأ لواﺰﺗ ﻲﺘﻟا
ﻲﺘﻟا وأ ﺎﮭﻟﺎﻤﻋﺄﺑ ﺔﮭﯿﺒﺷ
ﺎﮭﻟو ﺎﮭﺿﺮﻏ ﻖﯿﻘﺤﺗ ﻰﻠﻋ ﺎﮭﻧوﺎﻌﺗ ﻢﮭﺳﻷا ﻚﻠﻤﺘﺗ نأ
ﻲﻓ ﺺﺼﺤﻟاو هﺬھ
ﻟا تﺎﻛﺮﺸ ىﺮﺧأ
ﺔﻤﺋﺎﻗ أ ﺞﻣﺪﺗ نأ و
ﺎﮭﯾﺮﺘﺸﺗ وأ ﺎﮭﯿﻓ ﺞﻣﺪﻨﺗ وأ .
نأ ﺔﻛﺮﺸﻠﻟ زﻮﺠﯾ ﺎﻤﻛ
ﻞﻤﺸﯾ ﻻأ ﻰﻠﻋ ﺺﺼﺤﻟا وأ ﻢﮭﺳﻷا هﺬھ ﻲﻓ فﺮﺼﺘﺗ .ﺎﮭﻟواﺪﺗ ﻲﻓ ﺔطﺎﺳﻮﻟا ﻚﻟذ
The Company may also have an interest or participate in any manner with other companies without exceeding (20%) of its free reserves and no more than (10%) of the capital of the Company in which it is participating, and the aggregate of these participations shall not exceed the value of these reserves, while informing the first to come Ordinary General Assembly Meeting.
The Company may also individually or jointly establish companies (whether with limited liability or closed joint stock company) in accordance with Companies’ Law, its Implementation Rules and the instructions of the concerned authorities.
يﺄﺑ كﺮﺘﺸﺗ نأ وأ ﺔﺤﻠﺼﻣ ﺎﮭﻟ نﻮﻜﺗ نأ زﻮﺠﯾ ﺎﻤﻛ زوﺎﺠﺘﯾ ﻻ ﺎﻤﺑ ىﺮﺧﻷا تﺎﻛﺮﺸﻟا ﻊﻣ هﻮﺟﻮﻟا ﻦﻣ ﮫﺟو
ﻰﻠﻋ ﺪﯾﺰﯾ ﻻو ة ّﺮُﺤﻟا ﺎﮭﺗﺎﯿطﺎﯿﺘﺣا ﻦﻣ % 20 ﻦﻣ % 10
زوﺎﺠﺘﯾ ﻻ نأو ﺎﮭﯿﻓ كرﺎﺸﺗ ﻲﺘﻟا ﺔﻛﺮﺸﻟا لﺎﻤﺳأر ﻊﻣ تﺎﯿطﺎﯿﺘﺣﻻا هﺬھ ﺔﻤﯿﻗ تﺎﻛرﺎﺸﻤﻟا هﺬھ ﻲﻟﺎﻤﺟإ .ﺎﮭﻟ عﺎﻤﺘﺟا لوأ ﻲﻓ ﺔّﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔّﯿﻌﻤﺠﻟا غﻼﺑإ ﺎھدﺮﻔﻤﺑ تﺎﻛﺮﺷ ءﺎﺸﻧإ ﺔﻛﺮﺸﻠﻟ زﻮﺠﯾ ﻚﻟﺬﻛ ﻞﻜﺸﺑ وأ
كﺮﺘﺸﻣ (ﺔﻠﻔﻘﻣ ﺔﻤھﺎﺴﻣ وأ ةدوﺪﺤﻣ ﺔﯿﻟﻮﺌﺴﻣ تاذ)
تﺎﻤﯿﻠﻌﺘﻟاو ﺔﯾﺬﯿﻔﻨﺘﻟا ﮫﺘﺤﺋﻻو تﺎﻛﺮﺸﻟا مﺎﻈﻨﻟ ًﺎﻘﺒط .صﺎﺼﺘﺧﻻا تﺎﮭﺟ ﻦﻣ صﻮﺼﺨﻟا اﺬھ ﻲﻓ ةردﺎﺼﻟا
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (22) Board Meetings: :ﺲﻠﺠﻤﻟا تﺎﻋﺎﻤﺘﺟإ (22) ةدﺎﻣ
The board of directors shall meet, at least twice a year, at an invitation by its chairman which shall be in writing. The chairman shall call for a meeting if so requested in writing by two board members. The board of directors may be convened at a location other than the Company’s head office if required in the circumstances at the time.
ﻰﻠﻋ ءﺎﻨﺑ ﺔﻨﺴﻟا ﻲﻓ ﻞﻗﻷا ﻰﻠﻋ ﻦﯿﺗﺮﻣ ﺲﻠﺠﻤﻟا ﻊﻤﺘﺠﯾ ﻰﻠﻋ ﺐﺠﯾو ،ﺔﯿﻄﺧ ةﻮﻋﺪﻟا نﻮﻜﺗو ﮫﺴﯿﺋر ﻦﻣ ةﻮﻋد ﮫﯿﻟإ ﺐﻠط ﻰﺘﻣ عﺎﻤﺘﺟﻹا ﻰﻟإ هﻮﻋﺪﯾ نأ ﺲﻠﺠﻤﻟا ﺲﯿﺋر نﺎﻨﺛإ ﺔﺑﺎﺘﻛ ﻚﻟذ ﻊﻤﺘﺠﯾ نأ زﻮﺠﯾو .ءﺎﻀﻋﻷا ﻦﻣ
ﻤﻟا جرﺎﺧ ﺲﻠﺠﻤﻟا ﺖﺒﻠﻄﺗ اذإ ﺔﻛﺮﺸﻠﻟ ﻲﺴﯿﺋﺮﻟا ﺰﻛﺮ
.ﻚﻟذ فوﺮﻈﻟا
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (22) Board Meetings: :ﺲﻠﺠﻤﻟا تﺎﻋﺎﻤﺘﺟإ (22) ةدﺎﻣ
The board of directors shall meet, at least twice a year, at an invitation by its chairman which shall be in writing. The chairman shall call for a meeting if so requested in writing by two board members. The board of directors may be convened at a location other than the Company’s head office if required in the circumstances at the time.
ﻰﻠﻋ ﻦﯿﺗﺮﻣ ﺲﻠﺠﻤﻟا ﻊﻤﺘﺠﯾ ﻰﻠﻋ ءﺎﻨﺑ ﺔﻨﺴﻟا ﻲﻓ ﻞﻗﻷا
ﻰﻠﻋ ﺐﺠﯾو ،ﺔﯿﻄﺧ ةﻮﻋﺪﻟا نﻮﻜﺗو ﮫﺴﯿﺋر ﻦﻣ ةﻮﻋد ﮫﯿﻟإ ﺐﻠط ﻰﺘﻣ عﺎﻤﺘﺟﻹا ﻰﻟإ هﻮﻋﺪﯾ نأ ﺲﻠﺠﻤﻟا ﺲﯿﺋر نﺎﻨﺛإ ﺔﺑﺎﺘﻛ ﻚﻟذ ﻊﻤﺘﺠﯾ نأ زﻮﺠﯾو .ءﺎﻀﻋﻷا ﻦﻣ
ﺖﺒﻠﻄﺗ اذإ ﺔﻛﺮﺸﻠﻟ ﻲﺴﯿﺋﺮﻟا ﺰﻛﺮﻤﻟا جرﺎﺧ ﺲﻠﺠﻤﻟا .ﻚﻟذ فوﺮﻈﻟا
A Board meeting may be held in person or using modern means of communication and a Director may take part in its deliberations and vote at proposed resolutions using one of the modern technological means.
و ءﺎﻀﻋﻷا رﻮﻀﺤﺑ ﺲﻠﺠﻤﻟا عﺎﻤﺘﺟا ﺪﻘﻋ زﻮﺠﯾ ،ﺔﺜﯾﺪﺤﻟا لﺎﺼﺗﻻا ﻞﺋﺎﺳو ماﺪﺨﺘﺳﺎﺑ وأ ًﺎﯿﺼﺨﺷ
ﻮﻀﻌﻠﻟ زﻮﺠﯾو ﺖﯾﻮﺼﺘﻟاو ﺎﮭﺗﻻواﺪﻣ ﻲﻓ ﺔﻛرﺎﺸﻤﻟا
ﻞﺋﺎﺳو ىﺪﺣإ ماﺪﺨﺘﺳﺎﺑ ﺔﺣﺮﺘﻘﻤﻟا تاراﺮﻘﻟا ﻰﻠﻋ .ﺔﺜﯾﺪﺤﻟا ﺎﯿﺟﻮﻟﻮﻨﻜﺘﻟا
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (30) Invitation for the General Assemblies: : تﺎﯿﻌﻤﺠﻟا ةﻮﻋد (30) ةدﺎﻣ Shareholders General or special Assembly
meetings shall be convened at the invitation of the board of directors. The board of directors shall call for a meeting of the Ordinary General Assembly if requested to do so by the auditors, by audit committee or by a number of shareholders representing at least five percent (5%) of the Company’s capital. The auditors may call for an Assembly meeting in case the board of directors did not call the Assembly meeting within thirty (30) days from the date of the auditor’s request.
ﻣﺎﻌﻟا تﺎﯿﻌﻤﺠﻟا ﺪﻘﻌﻨﺗ ةﻮﻋﺪﺑ ﻦﯿﻤھﺎﺴﻤﻠﻟ ﺔﺻﺎﺨﻟا وأ ﺔ
ﻮﻋﺪﯾ نأ ةرادﻹا ﺲﻠﺠﻣ ﻰﻠﻋو .ةرادﻹا ﺲﻠﺠﻣ ﻦﻣ تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ ﻚﻟذ ﺐﻠط اذإ ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا ) ﻞﺜﻤﯾ ﻦﯿﻤھﺎﺴﻤﻟا ﻦﻣ دﺪﻋ وأ ﺔﻌﺟاﺮﻤﻟا ﺔﻨﺠﻟ وأ 5
(% زﻮﺠﯾو .ﻞﻗﻷا ﻰﻠﻋ لﺎﻤﻟا سار ﻦﻣ ﺔﺋﺎﻤﻟا ﻲﻓ ﺔﺴﻤﺧ ﻟ اذإ دﺎﻘﻌﻧﻼﻟ ﺔﯿﻌﻤﺠﻟا ةﻮﻋد تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻤﻟ ﻢﻘﯾ ﻢ
) ﻦﯿﺛﻼﺛ لﻼﺧ ﺔﯿﻌﻤﺠﻟا ةﻮﻋﺪﺑ ﺲﻠﺠﻤﻟا ﻦﻣ ًﺎﻣﻮﯾ ( 30
.تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ ﺐﻠط ﺦﯾرﺎﺗ
The invitation for convening the General Assembly must be published in a daily newspaper circulated in the location of the head office of the Company, at least (10) days prior to the specified date of the General Assembly. However, the invitation may just be sent on the said time to all shareholders by registered mail. A copy of the invitation and the agenda shall be sent to the Ministry of Commerce and to the Capital Market Authority within the period designated for publication.
ﺔﻔﯿﺤﺻ ﻲﻓ ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا دﺎﻘﻌﻧﻹ ةﻮﻋﺪﻟا ﺮﺸﻨﺗو ﻲﻓ عزﻮﺗ ﺔﯿﻣﻮﯾ ﺎﮭﯿﻓ ﻊﻘﯾ ﻲﺘﻟا ﺔﻘﻄﻨﻤﻟا
ﺰﻛﺮﻤﻟا
دﺎﻘﻌﻧﻺﻟ دﺪﺤﻤﻟا ﺪﻋﻮﻤﻟا ﻞﺒﻗ ﺔﻛﺮﺸﻠﻟ ﻲﺴﯿﺋﺮﻟا ةﺮﺸﻌﺑ
) ﺑ مﺎﯾأ ( 10 ـ
ءﺎﻔﺘﻛﻹا زﻮﺠﯾ ﻚﻟذ ﻊﻣو .ﻞﻗﻷا ﻰﻠﻋ
ﻊﯿﻤﺟ ﻰﻟإ رﻮﻛﺬﻤﻟا دﺎﻌﯿﻤﻟا ﻲﻓ ةﻮﻋﺪﻟا ﮫﯿﺟﻮﺘﺑ ﻦﻣ ةرﻮﺻ ﻞﺳﺮﺗو .ﺔﻠﺠﺴﻣ تﺎﺑﺎﻄﺨﺑ ﻦﯿﻤھﺎﺴﻤﻟا ﺔﺌﯿھو ةرﺎﺠﺘﻟا ةرازو ﻰﻟإ لﺎﻤﻋﻷا لوﺪﺟو ةﻮﻋﺪﻟا .ﺮﺸﻨﻠﻟ ةدﺪﺤﻤﻟا ةﺪﻤﻟا لﻼﺧ ﻚﻟذو ﺔﯿﻟﺎﻤﻟا قﻮﺴﻟا
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (30) Invitation for the General Assemblies: : تﺎﯿﻌﻤﺠﻟا ةﻮﻋد (30) ةدﺎﻣ Shareholders General or special Assembly
meetings shall be convened at the invitation of the board of directors in the region where the head office is located or anywhere else determined by the Board. The board of directors shall call for a meeting of the Ordinary General Assembly if requested to do so by the auditors, by audit committee or by a number of shareholders representing at least five percent (5%) of the Company’s capital.
The auditors may call for an Assembly meeting in case the board of directors did not call the Assembly meeting within thirty (30) days from the date of the auditor’s request.
ةﻮﻋﺪﺑ ﻦﯿﻤھﺎﺴﻤﻠﻟ ﺔﺻﺎﺨﻟا وأ ﺔﻣﺎﻌﻟا تﺎﯿﻌﻤﺠﻟا ﺪﻘﻌﻨﺗ ةرادﻹا ﺲﻠﺠﻣ ﻦﻣ ا ﺔﻘﻄﻨﻤﻟا ﻲﻓ
ﺰﻛﺮﻤﻟا ﺎﮭﯿﻓ ﻊﻘﯾ ﻲﺘﻟ
ﺲﻠﺠﻤﻟا هدﺪﺤﯾ ﺮﺧآ نﺎﻜﻣ يأ وأ ﺔﻛﺮﺸﻠﻟ ﻲﺴﯿﺋﺮﻟا . ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا ﻮﻋﺪﯾ نأ ةرادﻹا ﺲﻠﺠﻣ ﻰﻠﻋو وأ ﺔﻌﺟاﺮﻤﻟا ﺔﻨﺠﻟ وأ تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ ﻚﻟذ ﺐﻠط اذإ ) ﻞﺜﻤﯾ ﻦﯿﻤھﺎﺴﻤﻟا ﻦﻣ دﺪﻋ ﻦﻣ ﺔﺋﺎﻤﻟا ﻲﻓ ﺔﺴﻤﺧ (% 5
تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻤﻟ زﻮﺠﯾو .ﻞﻗﻷا ﻰﻠﻋ لﺎﻤﻟا سار ﺠﻟا ةﻮﻋد ةﻮﻋﺪﺑ ﺲﻠﺠﻤﻟا ﻢﻘﯾ ﻢﻟ اذإ دﺎﻘﻌﻧﻼﻟ ﺔﯿﻌﻤ
) ﻦﯿﺛﻼﺛ لﻼﺧ ﺔﯿﻌﻤﺠﻟا ﺐﻠط ﺦﯾرﺎﺗ ﻦﻣ ًﺎﻣﻮﯾ ( 30
.تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ
The invitation for convening the General Assembly must be published in a daily newspaper circulated in the location of the head office of the Company, at least (1021) days prior to the specified date of the General Assembly. However, the invitation may just be sent on the said time to all shareholders by registered mail. A copy of the invitation and the agenda shall be sent to the Ministry of Commerce and to the Capital Market Authority within the period designated for publication.
ﺔﻔﯿﺤﺻ ﻲﻓ ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا دﺎﻘﻌﻧﻹ ةﻮﻋﺪﻟا ﺮﺸﻨﺗو ﺪﻋﻮﻤﻟا ﻞﺒﻗ ﺔﻛﺮﺸﻠﻟ ﻲﺴﯿﺋﺮﻟا ﺰﻛﺮﻤﻟا ﻲﻓ عزﻮﺗ ﺔﯿﻣﻮﯾ دﺎﻘﻌﻧﻺﻟ دﺪﺤﻤﻟا ) ةﺮﺸﻌﺑ
مﺎﯾأ ( 10 ﺑ ) ـ ﻦﯾﺮﺸﻋو ﺪﺣاو
( زﻮﺠﯾ ﻚﻟذ ﻊﻣو .ﻞﻗﻷا ﻰﻠﻋ ًﺎﻣﻮﯾ ﮫﯿﺟﻮﺘﺑ ءﺎﻔﺘﻛﻹا
ﻦﯿﻤھﺎﺴﻤﻟا ﻊﯿﻤﺟ ﻰﻟإ رﻮﻛﺬﻤﻟا دﺎﻌﯿﻤﻟا ﻲﻓ ةﻮﻋﺪﻟا لوﺪﺟو ةﻮﻋﺪﻟا ﻦﻣ ةرﻮﺻ ﻞﺳﺮﺗو .ﺔﻠﺠﺴﻣ تﺎﺑﺎﻄﺨﺑ ﺔﯿﻟﺎﻤﻟا قﻮﺴﻟا ﺔﺌﯿھو ةرﺎﺠﺘﻟا ةرازو ﻰﻟإ لﺎﻤﻋﻷا .ﺮﺸﻨﻠﻟ ةدﺪﺤﻤﻟا ةﺪﻤﻟا لﻼﺧ ﻚﻟذو
Before Amendment ﻞﯾﺪﻌﺘﻟا ﻞﺒﻗ
Article (42) Appointing an Auditor: :تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ ﻦﯿﯿﻌﺗ (42) ةدﺎﻣ
The Company shall have one or more auditor(s) to be selected among those auditors licensed to practice in Saudi Arabia. The auditor shall be appointed by the Ordinary General Assembly, which shall specify their remuneration and term of office. The Ordinary General Assembly may, at any time, replace the Auditor without prejudice to his right for compensation if such replacement takes place for unjustified reason or at an inconvenient time.
ﺔﻛﺮﺸﻠﻟ نﻮﻜﯾ نأ ﺐﺠﯾ ﻦﻣ ﺮﺜﻛأ وأ تﺎﺑﺎﺴﺣ ﻊﺟاﺮﻣ
ﻲﻓ ﻞﻤﻌﻟﺎﺑ ﻢﮭﻟ ﺺﺧﺮﻤﻟا تﺎﺑﺎﺴﺤﻟا ﻲﻌﺟاﺮﻣ ﻦﯿﺑ ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا ﮫﻨﯿﻌﺗ ﺔﻜﻠﻤﻤﻟا ًﺎﯾﻮﻨﺳ
دﺪﺤﺗو ،
ﮫﻠﻤﻋ ةﺪﻣو ﮫﺗﺄﻓﺎﻜﻣ ﺠﯾو ،
ﻞﻛ ﻲﻓ ًﺎﻀﯾأ ﺔﯿﻌﻤﺠﻠﻟ زﻮ
اذإ ﺾﯾﻮﻌﺘﻟا ﻲﻓ ﮫﻘﺤﺑ لﻼﺧﻹا مﺪﻋ ﻊﻣ هﺮﯿﯿﻐﺗ ﺖﻗو ﺮﯿﻏ ﺐﺒﺴﻟ وأ ﺐﺳﺎﻨﻣ ﺮﯿﻏ ﺖﻗو ﻲﻓ ﺮﯿﯿﻐﺘﻟا ﻊﻗو .عوﺮﺸﻣ
After Amendment ﻞﯾﺪﻌﺘﻟا ﺪﻌﺑ
Article (42) Appointing an Auditor: :تﺎﺑﺎﺴﺤﻟا ﻊﺟاﺮﻣ ﻦﯿﯿﻌﺗ (42) ةدﺎﻣ The Company shall have one or more
auditor(s) to be selected among those auditors licensed to practice in Saudi Arabia. The auditor shall be appointed by the Ordinary General Assembly based on the recommendation of the Board, which shall specify their remuneration and term of office.
The Ordinary General Assembly may, at any time, replace the Auditor without prejudice to his right for compensation if such replacement takes place for unjustified reason or at an inconvenient time.
ﻦﻣ ﺮﺜﻛأ وأ تﺎﺑﺎﺴﺣ ﻊﺟاﺮﻣ ﺔﻛﺮﺸﻠﻟ نﻮﻜﯾ نأ ﺐﺠﯾ ﻲﻓ ﻞﻤﻌﻟﺎﺑ ﻢﮭﻟ ﺺﺧﺮﻤﻟا تﺎﺑﺎﺴﺤﻟا ﻲﻌﺟاﺮﻣ ﻦﯿﺑ ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯿﻌﻤﺠﻟا ﮫﻨﯿﻌﺗ ﺔﻜﻠﻤﻤﻟا ًﺎﯾﻮﻨﺳ
ﻰﻠﻋ ًءﺎﻨﺑ
ةرادﻹا ﺲﻠﺠﻣ ﺢﯿﺷﺮﺗ دﺪﺤﺗو ،
ﮫﻠﻤﻋ ةﺪﻣو ﮫﺗﺄﻓﺎﻜﻣ
، ﺠﯾو
مﺪﻋ ﻊﻣ هﺮﯿﯿﻐﺗ ﺖﻗو ﻞﻛ ﻲﻓ ًﺎﻀﯾأ ﺔﯿﻌﻤﺠﻠﻟ زﻮ ﺖﻗو ﻲﻓ ﺮﯿﯿﻐﺘﻟا ﻊﻗو اذإ ﺾﯾﻮﻌﺘﻟا ﻲﻓ ﮫﻘﺤﺑ لﻼﺧﻹا
.عوﺮﺸﻣ ﺮﯿﻏ ﺐﺒﺴﻟ وأ ﺐﺳﺎﻨﻣ ﺮﯿﻏ
