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 honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which is scheduled to be held via modern technology, God willing, at exactly 7:30 PM on Wednesday 05/21/2025 AD corresponding to 11/23/1446 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 | 2025-05-21 Corresponding to 1446-11-23 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024.
2- Vote on the company's auditors' report for the fiscal year ending December 31, 2024, after discussing it. 3- Review and discuss the financial statements for the fiscal year ending December 31, 2024. 4- Voting on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second, third and fourth quarters and the audited annual financial statements for the fiscal year 2025 and the first quarter of the fiscal year 2026 and determine his fees. 5- Voting on the disbursement of SAR 1,552,000 as remuneration to the Board of Directors for the fiscal year ending December 31, 2024. 6- Voting on the business and contracts concluded between the Company and East Gas Company, in which Board Member Abdulaziz bin Raed Al-Mishaal has an indirect interest. This contract is a gas services contract in the amount of SAR 10,073,419 for the year 2024, on prevailing commercial terms and without any preferential conditions. 7- Voting on authorizing the Board of Directors to exercise the authority of the Ordinary General Assembly to authorize the Company under Paragraph (1) of Article (27) of the Companies Law for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for listed joint-stock companies. 8- Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending on: 12/31/2025 AD. |
| 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 Tadawulaty services can vote remotely on the assembly’s agenda starting from 1:00 AM on Saturday 19/11/1446 AH corresponding to 17/05/2025 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: 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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