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Sadara Basic Services Company announces to invites the Certificateholders for Special Meeting .

Element ListExplanation
Introduction With reference to the announcement issued by Sadara Basic Services Company, a Saudi closed joint stock company (the Company) as the issuer of certificates listed on the Saudi Stock Exchange (Tadawul) in the value of SAR 7,500,000,000 (Certificates) in relation to the proposed restructuring of debt of Sadara Chemical Company, the Company is pleased to invite Certificateholders for a Certificate holders Special Meeting (the Meeting) to amend their rights under the relevant documents pursuant to Article 125 of the Companies Regulations, stipulating that any resolution amending the Certificateholders’ rights under the Certificates must be approved by voting in the Meeting.
City and Location of the General Assembly's Meeting The Meeting shall be held at the Four Seasons, the City of Riyadh, Kingdom of Saudi Arabia (and virtually on the following electronic link https://bit.ly/3o1i5h5 using audio-visual means).

In the event that the first Meeting is not quorate in accordance with the provisions of the Declaration of Agency, an adjourned meeting shall be held on the date shown below at the Four Seasons, the City of Riyadh, Kingdom of Saudi Arabia (and virtually on the same electronic link above using audio-visual means)

The Meeting shall be held on 26 January 2021 at 12 PM. In the event that the Meeting of 26 January 2021 is not quorate in accordance with the provisions of the Declaration of Agency, an adjourned meeting shall be held on 8 February 2021 at 12 PM.

URL for the Meeting Location https://goo.gl/maps/oKYiJ1mK93SmFTxRA
Date of the General Assembly's Meeting 2021-01-26 Corresponding to 1442-06-13
Time of the General Assembly's Meeting 12:00
Attendance Eligibility Certificateholders who are registered at the Depository Center Registry at the

end of the Trading Session proceeding the Meeting by 48 hours. Registration to attend the Meeting will be as per the attendance procedures set out below and in accordance with the Declaration of Agency and the laws and regulations.

Quorum for Convening the General Assembly's Meeting For the purposes of the Certificateholders’ meeting and approvals, the provisions contained in the Declaration of Agency provide the following:

1.The quorum required for the Meeting will be one or more Eligible Persons holding or representing in the aggregate at least 75 per cent. of the aggregate face amount of the Certificates then outstanding, whether in person or by proxy.

2.The quorum required for the Adjourned Meeting will be one or more Eligible Persons present and holding or representing in the aggregate at least 25 per cent. of the aggregate face amount of the Certificates then outstanding, whether in person or by proxy.

For the purposes of the meeting provisions contained in the Declaration of Agency, the approvals requested from the Certificateholders are in respect of Reserved Matters.

General Assembly Meeting Agenda The background to the Meeting, the agenda for the Meeting and various supplementary materials will be sent by the Certificateholder’s Agent to the Certificateholders on or about the date of this announcement. If any Certificateholder does not receive such information within 5 days of the announcement date or otherwise has any queries, the Certificateholder may contact the Certificateholders’ Agent (See contact details provided further below).
Proxy Form
E-Vote Not applicable
Eligibility for Attendance Registration and Voting Certificateholders can attend the meeting in person at the location address set out above or electronically by accessing the provided link. Please observe the Attendance Procedures set

out below. Each Certificateholder may either (i) attend the Meeting or (ii)

delegate a third party to represent him/her in the Meeting (a Proxy) by (a)

completing a Proxy form (see PDF link below) or (b) submitting a block voting

instruction (see PDF link below). By using the block voting instruction, the

Certificateholder specifies in a block voting instruction, in advance of the

Meeting, how it wishes to vote on the Extraordinary Resolution (as attached

to the Meeting invitation notice) to be presented at the Meeting and sends a

Proxy to the Meeting to carry out this instruction. If the Certificateholder

wishes to personally attend the Meeting (whether physically or virtually), the

Certificateholder must send a copy of its ID (either a National ID Card or a Passport) to the Payments Administrator and the Company no less than 48 hours before the commencement of the Meeting. If the Certificateholder does not wish to personally attend the Meeting, the Certificateholder is requested to complete either the Proxy Form or the Block Voting Instructions and submit the same to the Payments Administrator to the attention of Saqib Hussain (HSBC Saudi Arabia) andRehan Mehboob (HSBC Saudi Arabia) (with a copy to the Company) (at the address details shown above) no less than 48 hours before the timcommencement of the Meeting. If the Certificateholder will attend virtually via the electronic link, the Certificateholder itself (if a natural

person) or its authorized delegate (if alegal person) must attend (in the case of

only the legal person, the Proxy form must be completed and submitted by

the Certificateholder). In this case, the Block Voting Instructions option cannot be utilized. In completing the Proxy form or Block Voting Instruction, the Certificateholder must include the full name of the Certificateholder, its representative or Proxy (please set out the full name as follows: first name/father’s name/ grandfather’s name/ last

name). For identification purposes, please include the number of the ID of

the Certificateholder, representative (or if applicable, the Proxy) (being the national ID card or passport), date of issuance and the date of birth. Please attach a copy of the ID of the Proxy or the representative (being the national ID card or passport) with the completed form of the Proxy Form or Block Voting Instructions when delivering the same to the Payments Administrator and the Company. Please note that the laws

applicable in Saudi Arabia require that the Proxy form or the Block Voting Instruction be authenticated by the Chamber of Commerce or a licensed bank before delivering the same to the Payments Administrator and the Company. Certificateholders or, in case

of a legal person, its authorized representative or Proxy attending the Meeting (either in person or virtually) are requested to present their passport (or ID cards for Saudi Arabian

nationals) for identification purposes. A Certificateholder or, in case of a legal

person, its authorized representative, or Proxy who wishes to attend in person is kindly requested to arrive to the location of the Meeting at least 30 minutes before the time of the Meeting for the purpose of closing the attendance registrations and verifying

the identities of the attendees. A Certificateholder or, in case of a legal person, its authorized representative, who wishes to attend virtually is kindly requested to access the link to attend at least 60 minutes before the time of the

Meeting for the purpose of closing the attendance registrations and verifying the identities of the attendees. Please note that arrangements will be made by

the Payments Administrator with Edaa such that all Certificates are not transferable (i.e. are blocked from trading) 48 hours before the Meeting until at least the conclusion of the Meeting (or, if applicable, the Adjourned Meeting).

Method of Communication For more information, you may contact the Company or the Certificate holders agent during business hours:

The Company:

Sadara Basic Services Company

Al Lualua Road First Industrial Area 3425

Al Jubail 35717-8389

Kingdom of Saudi Arabia

Tel: +966138135999

Attn: Abbas Al-Helal

The Companys Counsel

DLA Piper (in collaboration with Alhshahrani Almansour)

Suite 403A, Level 4, Centria Mall Office Tower

Olaya Street, Al Olaya

PO Box 300002

Riyadh 11372

Saudi Arabia

Certificate holders Agent:

HSBC Saudi Arabia (formerly HSBC Saudi Arabia Limited)

P.O. Box 9084

HSBC Head Office

7601 Olaya Street North

Al-Murooj District

Riyadh 11413

Kingdom of Saudi Arabia

Fax: +966 1 299 2348

Attn: Issuer Services

Email: saqibhussain@hsbcsa.com

Email: Rehan.mehboob@hsbcsa.com

Email: hbsa.hss.tmctla@hsbcsa.com

Tel. Saqib Hussain (HSBC Saudi Arabia): +966 11 299 2076

Tel. Rehan Mehboob (HSBC Saudi Arabia): +966 11 299 2095

Certificate holders Agent Counsels:

Khoshaim and Associates

17th Floor, Tower B Olaya Towers

Riyadh, P. O. Box 11321

Kingdom of Saudi Arabia

Tel: +966 11 461 8700

Fax: +966 11 461 8799

Allen and Overy LLP

One Bishops Square

London

E1 6AD

United Kingdom

Additional Information Payments Administrator:

HSBC Saudi Arabia (formerly HSBC Saudi Arabia Limited)

P.O. Box 9084

HSBC Head Office

7601 Olaya Street North

Al-Murooj District

Riyadh 11413

Kingdom of Saudi Arabia

Fax: +966 1 299 2348

Attn: Issuer Services

Email: saqibhussain@hsbcsa.com

Email: Rehan.mehboob@hsbcsa.com

Email: hbsa.hss.tmctla@hsbcsa.com

Tel. Saqib Hussain (HSBC Saudi Arabia): +966 11 299 2076

Tel. Rehan Mehboob (HSBC Saudi Arabia): +966 11 299 2095

Solicitation Agent:

Riyad Capital

Head Office, Granada Business Park

2414 Al Shohda District, Unit No. 69

Riyadh 13241-7279

P.O. Box 21116

Riyadh 11475

Kingdom of Saudi Arabia

Solicitation Agent’s counsel:

Allen & Overy LLP

11th Floor, Burj Daman Building, Al Mustaqbal Street, Dubai International Financial Centre,

Dubai

P.O. Box 506678

International counsel to the Senior Creditors:

Milbank LLP

10 Gresham Street

London EC2V 7JD

United Kingdom

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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