Saudi Printing and Packaging Company invites its shareholders to attend the Extraordinary General Meeting (EGM)

The Board of Directors of Saudi Printing & Packaging Company is pleased to invite its shareholders to attend the Extraordinary General Assembly Meeting to be held at the Holiday Inn Hotel in Riyadh at 8:30 pm on Tuesday 02-05-2017. The following agenda:

    1. Vote on the report of the Governing Council for the year 2016.
    2. Vote on the audit report for the year ended 31 December 2016.
    3. The voting on the consolidated financial statements for the year ended 31 December 2016.
    4. Vote on the discharge of the members of the Board of Directors for their work during the fiscal year ended 31 December 2016.
    5. The vote on the appointment of the auditor from among the candidates from the Audit Committee to review and examine the financial statements of the company for the year 2017, and determine the fees.
    6. The vote on the work and contracts that will be between the company and the Saudi Research and Marketing Group, which is a member of its Board of Directors Chairman Mr. Adel bin Marzouq Al-Nasser and a member of the Board Mr. / Majid bin Abdul Rahman Al-Issa and Board member Dr. / Turki bin Omar Saleh Buqshan (The related parties) and the license for such works and contracts until the end of the fiscal year ended 31/12/2017. These works have been agreed upon since previous years and are an extension of the continuous relations that started before the fiscal year 2017. These transactions are contracts Print note The total value of these transactions amounted to 201,625 riyals during the last year 2016 and the required amount of (426,106) riyals as at 31 December 2016.
    7. The voting on the work and contracts that will be between the company and the Saudi Research and Publishing Company (owned by the Saudi Research and Marketing Group). These transactions are a print contract. The total value of these transactions amounted to SR 53,407,985 during the last year 2016, ) As at 31 December 2016.
    8. The voting on the works and contracts that will be between the company and the Saudi Specialized Publishing Company (owned by the Saudi Research and Marketing Group). These transactions are a print contract. The total value of these transactions amounted to SR 5,801,263 during the last year 2016. The required amount was 4,311,133, On 31 December 2016.
    9. The voting on the works and contracts that will be between the company and the Gulf Advertising and Public Relations Company (owned by the Saudi Research and Marketing Group). These transactions are a print contract. The total value of these transactions amounted to SR 469,789 during the last year 2016, ) As at 31 December 2016.
    10. The total value of these transactions amounted to (600) riyals during the last year 2016 and the rental income reached (154,750) (SR 399,681) as at 31 December 2016.
    11. The voting on the works and contracts that will be between the company and the Emirates Printing, Publishing and Distribution Company (owned by the Saudi Research and Marketing Group): the required amount (81,281) riyals as at 31 December 2016 represents a required amount of one of their clients and reserved for the company.
    12. To vote on the works and contracts that will be concluded between the Company and the Saudi Business Company (owned by the Saudi Research and Marketing Group). The required amount of SR 30,000 as at 31 December 2016 represents amounts paid to its employees.
    13. Vote on the amendment of the company’s Articles of Association, in accordance with the new corporate system. (according to the attached).
    14. Vote on the formation of the Audit Committee to complete the current session which ends on 06-05-2018 and approve the list of the Committee, which includes (its functions and work controls), and the remuneration of its members, and approve the appointment of the following candidates their names:
  2. Dr. Turki bin Omar Saleh Buqshan (independent board member)
  3. Mr. / Fahad Ibrahim
    Al – Mafraj ( independent board member)
  4. Mr. / Wahid bin Mohammed Nababtah (a member from outside the Council)
  5. Dr. / Member from outside the Council)
    Note that the meeting of the extraordinary general meeting is required for the attendance of shareholders representing at least 50% of the capital. Each shareholder has the right to attend the meeting in accordance with the Companies Law. Those who can not be present from the shareholders on time have the right to be assigned by another person to attend the meeting, other than the members of the Board of Directors or the employees of the Company under a written authorization from the Chamber of Commerce, To provide the Company with a copy of the power of attorney by fax or e-mail, at least two days before the date of the Assembly, and each shareholder or agent wishing to attend the meeting to bring with him the original identity and the origin of the power of attorney and the presence before the date of the meeting, Their registration procedures Registration ends at the beginning of the meeting. If the quorum is not met, the second meeting shall be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least one quarter of the capital. For further information, please contact the Saudi Printing & Packaging Company at (0112032022) during the company’s official working hours or fax (0112032027) or by e-mail (mohammed.alanazi@sppc.com.sa) or postal address s. B (50202) Riyadh (11523). sa) or postal address r. B (50202) Riyadh (11523). sa) or postal address r. B (50202) Riyadh (11523).