Saudi Printing and Packaging Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element ListExplanation
IntroductionSaudi Printing and Packaging Company announces the results of the Ordinary General Assembly Meeting (First Meeting) scheduled at 08:30 PM on Wednesday 1444-10-20 AH corresponding to 2023-05-10, via modern technology
City and Location of the General Assembly’s MeetingCompany Head Office at Riyadh, via modern technology.
Date of the General Assembly’s Meeting2023-05-10 Corresponding to 1444-10-20
Time of the General Assembly’s Meeting20:30
Percentage of Attending Shareholders67.63%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the AbsenteesThe 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-Mufarrij 4-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 Behalf1-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’s1- the Financial Statements for the fiscal year ending on 31/12/2022 Reviewed and discussed.2- the Board of Directors Report for the fiscal year ending on 31/12/2022 Reviewed and discussed.3- the External Auditor Report for the fiscal year ending on 31/12/2022 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, fourth quarter and the annual of the fiscal year 2023. In addition to the first quarter of the fiscal year 2024 and determined their fees.5-Approved the discharge of the Board of Directors members for the fiscal year ending 31/12/2022.6- 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 2022 SR (791,742) 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 2022 SR (50,106,840) 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 2022 SR (718,260) without preferential terms.9- Approved the transactions and contracts that will be concluded between the company and Taoq Research and Public Relations 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 2022 SR (19,900) without preferential terms.10 – Approved the transactions and contracts that will be concluded between the company and The Saudi Distribution 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 2022 SR (525) without preferential terms.