Correction announcement from Saudi Arabia Refineries Co. in regards to the announcement of the interim financial results for the period ending on 03-31-2022 (three months)

Correction announcement from Saudi Arabia Refineries Co. in regards to the announcement of the interim financial results for the period ending on 03-31-2022 (three months)

|Element List||Explanation|

|Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website||2022-05-24 Corresponding to 1443-10-23|

|URL of the Previous Announcement||Click Here|

|Incorrect statements in the previous announcement|| Statement of the type of external auditor's report was written : Unmodified conclusion

|

we did nit write the emphasis of matter in the external auditor's report .

|Correct Statement|| Statement of the type of external auditor's report : emphasis of matter

|

We draw attention to note (20) to the interim condensed financial statements, in respect of the fiftieth ordinary general assembly of the shareholders of the company dated April 21,2021 (corresponding to Ramadan 9, 1442 H), the following decisions have been taken:

Non-approval of the Board of Directors report and the financial statements for the year ended December 31, 2020 and the auditor's report, as well as not exonerating the Board of Directors from liability for the year 2020.

The company’s management believes that there is no need for a new ordinary general assembly to be held for shareholders because the reason for non-approval was due to the fact that the percentage of voting in the general assembly was the majority for those abstaining from voting, Our opinion has not been modified accordingly.