Saudi Paper Manufacturing Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Paper Manufacturing Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held through modern technological means, God willing, at 6:30 pm on Sunday 08/04/2024 AD, corresponding to 01/29/ 1446 AH |
| City and Location of the General Assembly's Meeting | Headquarters in Dammam - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-08-04 Corresponding to 1446-01-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Every shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the General Assembly meeting has the right to attend the Assembly meeting in accordance with the rules and regulations. Shareholders have the right to discuss the topics on the Assembly’s agenda and direct their inquiries. For your information, the right to register attendance at the Assembly meeting ends at the time of the Assembly meeting, and the right to vote on the Assembly’s items for attendees ends when the sorting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (31) of the company’s bylaws, the ordinary general assembly meeting will not be held valid unless it is attended by shareholders representing at least a quarter of the company’s shares that have voting rights. If the necessary quorum is not available to hold this meeting, the second meeting will be held one hour after the end of the period specified for the meeting. The first meeting. In all cases, the second meeting is valid, regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2024.
2- Vote on amending the work regulations of the Nominations and Remuneration Committee ( attached ).
3- Vote on amending the remuneration policy for members of the Board of Directors and the committees emanating from the Board and Executive Management ( attached ).
4- Vote on amending the policies, standards and procedures for membership in the company’s Board of Directors ( attached ).
5- Voting on the standards and controls of competing businesses (attached).
6- Vote on the dividend distribution policy ( attached ). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to register attendance at the assembly meeting, which ends at the time of the assembly meeting, in addition to the right to vote on the assembly’s items for attendees, which ends when the sorting committee finishes counting the votes. The shareholder also has the right to discuss the topics listed on the assembly’s agenda and ask questions. |
| Details of the electronic voting on the Assembly’s agenda | Dear shareholders registered in Tadawulati services, can vote remotely on the assembly’s items, starting at one o’clock in the morning on Wednesday 01/25/1446 AH, corresponding to 07/31/2024 AD, until the end of the meeting time. Registration and voting in Tadawulati services will be available and free for all shareholders by using the link. Next: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any inquiries, please contact Investor Relations during the company’s official working hours or via e-mail
the phone:
+966 13 8121016 : EXT: 1042
E-mail :
IR.Inquires@saudipaper.com |
| Attached Documents | |
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