| Element List | Explanation |
|---|---|
| Introduction | Saudi Printing and Packaging Company announces the results of the Extraordinary General Assembly Meeting (First Meeting) scheduled at 06:30 PM on thursday1445-10-23 AH corresponding to 2024-05-02, via modern technology. |
| City and Location of the General Assembly’s Meeting | Company Head Office at Riyadh, via modern technology. |
| Date of the General Assembly’s Meeting | 2024-05-02 Corresponding to 1445-10-23 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 73.6 |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The Following Board Members Attended the Meeting:1-Mr. Adel bin Marzouq Al Nasser (Chairman of the Board of Directors)2-Dr. Mohammed Amin Dawood kashgari (Vice Chairman)3-Mr. Fahd Ibrahim Al-Mufarrij4-Dr. Turki Omar Saleh Baqshan5-Mr. Mohammed zamel Al-Laaboun6-Mr. Saleh Hussain Al-Dowais7- Mr. Mohammed bin Mutlaq Al-Amaj8- Mr. Mohammed Abdulfatah Nazer9- Mr. Khalid Mohammed Al Hokail |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | 1-Mr. Adel bin Marzouq Al Nasser- Executive Committee Chairman2- Dr. Turki Omar Saleh Baqshan- Audit Committee Chairman3- Mr. Khalid Mohammed Al Hokail- Remuneration and Nomination committee Chairman |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1- the Financial Statements for the fiscal year ending on 31/12/2023, Reviewed and discussed.2- the Board of Directors Report for the fiscal year ending on 31/12/2023 Reviewed and discussed.3- the External Auditor Report for the fiscal year ending on 31/12/2023 Approved after discussion4- Approved the appointment of Ernst & Young professional Services as an external auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee to review and audit financial statements of the second quarter, third quarter, and the annual of the fiscal year 2024. In addition to the first quarter of the fiscal year 2025 and determine them fees in the amount of 2,074,000 Saudi riyals Excluding VAT.5- Approved the discharge of the Board of Directors members for the fiscal year ending 31/12/2023.6- Approved the transactions and contracts that will be concluded between the company and The Saudi Research and Media Group, where Mr. Adel bin Marzouq Al-Nasser (Chairman) and Dr. Turki bin Omar Saleh Bugshan (Board of Directors member) has indirect interest. there was a printing contract, the value of these transactions reached in 2023 SR (1,009,604) without preferential terms.7- Approved the transactions and contracts that will be concluded between the company and The Saudi Research and Publishing Company (owned by the Saudi Research and Media Group), where Mr. Adel bin Marzouq Al-Nasser (Chairman) and Dr. Turki bin Omar Saleh Bugshan (Board of Directors member) has indirect interest. There was a printing contract, the value of these transactions reached in 2023 SR (45,571,679.57) without preferential terms.8- Approved the transactions and contracts that will be concluded between the company and The Saudi Specialized Publishing Company (owned by the Saudi Research and Media Group), where Mr. Adel bin Marzouq Al-Nasser (Chairman) and Dr. Turki bin Omar Saleh Bugshan (Board of Directors member) has indirect interest. there was a printing contract, the value of these transactions reached in 2023 SR (1,775,240) without preferential terms.9- Approved the amending of the company’s Articles of Association to align with the new corporate law, and rearranging and renumbering the articles to correspond with the proposed amendments.10- Approved the amendment of Article 3 of the company’s bylaws, pertaining to the company’s purposes.11- Approved the amending of the working regulations of the Audit Committee.12- Approved the amending of the policy of remuneration and compensation for members of the Board of Directors, its committees, and the executive management.13- Approved the amending of the policy of criteria and procedures for board membership.14- Voting for election of the Board of Directors members from among the candidates for the term, commencing from 07-05-2024 to 06-05-2027. for a term of three years, ending, as following:1-Mr. Adel bin Marzouq Al Nasser2-Dr. Mohammed Amin Dawood kashgari3-Dr. Turki Omar Saleh Baqshan4-Mr. Khalid Mohammed Al Hokail5-Mr. Mohammed zamel Al-Laaboun6-Mr. Saleh Hussain Al-Dowais7-Mr. Mohammed Abdulfatah Nazer8-Mr. Mohammed bin Mutlaq Al-Amaj9-Mr. Abdulaziz Abdulbasit Altayar |
