The board of directors of Methanol Chemicals Co. is pleased to invite its shareholders owning 20 shares or more to attend Ordinary general assembly (Second Meeting) to be held in the Novotel Dammam on 05-06-2016 corresponding to 29-08-1437 at 18:30 to consider the following agenda:

• To vote on the Board of Directors Report for the financial year 2015.
• To vote on the Balance Sheet and Profit and Loss Account for the financial year ended on 31/12/2015.
• To vote on the Auditors Report for the financial year ended on 31/12/2015.
• To vote on the non-distribution of dividends for financial year 2015 to support the financial position of the Company and to enhance its strategic plans.
• To vote on the transactions and contracts which will be executed between the Company and related parties as per the Company Procurement Standards during next year as detailed below:
  • To vote on the transactions which will be executed between the Company and Yusuf Bin Ahmed Kanoo Co. represented by Mr. Badr Bin Abdul Aziz Kanoo for purchase of spare parts and approve of them for another year. The value of the previous year transaction with Yusuf Bin Ahmed Kanoo Co. in this connection amounted to SAR 57,847
  • To vote on the transactions which will be executed between the Company and Yusuf Bin Ahmed Kanoo Co. represented by Mr. Badr Bin Abdul Aziz Kanoo for purchase of chemical materials formic acid and approve of them for another year. The value of the previous year transaction with Yusuf Bin Ahmed Kanoo Co. in this connection amounted to SAR 349,024
  • To vote on the transactions which will be executed between the Company and Yusuf Bin Ahmed Kanoo Co. represented by Mr. Badr Bin Abdul Aziz Kanoo for inspection services for tanks and approve of it for another year. The value of the previous year transaction with Yusuf Bin Ahmed Kanoo Co. in this connection amounted to SAR 42,547.
  • To vote on the transactions which will be executed between the Company and Zamil Air Conditioners Co. represented by Mr. Suttam Bin Abdul Aziz Al Zamil and Mr. Adil Bin Salih Al Ghassab for purchase of air-conditioning units and approve of it for another year . The value of the previous year transaction with Zamil Air Conditioners Co. in this connection amounted to SAR 79,790.
  • To vote on the transactions which will be executed between the Company and Zamil Inspection and Maintenance of Industrial Projects Co. represented by Mr. Suttam Bin Abdul Aziz Al Zamil and Mr. Adil Bin Salih Al Ghassab for inspection and maintenance services for Company plants and approve of it for another year . The value of the previous year transaction with Zamil Inspection and Maintenance of Industrial Projects Co. in this connection amounted to SAR 1,097,727
  • To vote on the transactions which will be executed between the Company and Zamil Cool Care Co. represented by Mr. Suttam Bin Abdul Aziz Al Zamil and Mr. Adil Bin Salih Al Ghassab for Maintenance of air conditioning units and approve them for another year. The value of the previous year transaction with Zamil Cool Care Co. in this connection amounted to SAR 733,891.
  • To vote on the transactions which will be executed between the Company and Zamil Group Holding Co. represented by Mr. Suttam Bin Abdul Aziz Al Zamil and Mr. Adil Bin Salih Al Ghassab for purchase of spare parts and approve them for another year. The value of the previous year transaction with Zamil Group Holding Co. in this connection amounted to SAR 8,167.
• To vote on releasing the members of the Board of Directors from their liabilities for the financial year ended on 31/12/2015.
• To vote on the appointment of the Auditor and determination of their annual and quarterly fees for the financial Year 2016 based on the recommendation of the Audit Committee.
• To vote on the appointment of Mr. Abdul Salam Bin Mazrou Al-Mazrou (independent member) as a Board member till 11 November 2018 to fill the vacant Board Seat left open by the resignation of Board member Mr. Sami Mohamed Jalal (non-executive member).

The quorum necessary for the meeting to be in session shall be valid if attended by any number of shareholders.. Each shareholder shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to Methanol Chemicals Company Novotel Business Park Dammam/ Khobar Highway P.O. Box 3139 Dammam 31471 c/o Secretary Board of Directors