The Ordinary General Assembly meeting was held remotely through contemporary technology from the Company’s office in Riyadh, Rabwah District, Al-Ahsa Street, Building No. 7449, Unit No. 1, on Wednesday, 04/06/2025, corresponding to 08/12/1446 H, and the percentage of attending shareholders was 52.81%.
Voting Results on the Items of the General Assembly’s Meeting Agenda
- 1Reviewing and discussing the Board of Directors’ report for the fiscal year ended 31-12-2024.
- 2Approval of the company’s external auditor’s report for the fiscal year ended 31-12-2024 after discussing it.
- 3Reviewing and discussing the Financial Statement of the fiscal year ended 31-12-2024.
- 4Approval of appointment of KPMG Professional Services of an external auditor from the nominated offers based on the recommendation of the Audit Committee to audit the financial statement of the second and third quarter and annual statement of the fiscal year 2025, plus the first quarter of the year 2026, and specify his fees are set at 800,000 SR only, eight hundred thousand SR.
- 5Approval the recommendation of the Board of Directors of the Company to distribute cash dividends in the amount of (10,125,000) riyals to shareholders for the fiscal year ending 12-31-2024 AD, at a rate of forty-five (45) halalas per share, representing 4.5% of the nominal value of the share, provided that the right is for shareholders who own shares at the end of trading on the day of the meeting of the Assembly and who are registered in the company’s shareholders’ register with the Securities Depositary Center (Edaa) at the end of the second trading day following the date of the meeting of the General Assembly, provided that the distribution of dividends begins on Thursday 06-19-2025 AD corresponding to 12-23-1446 AH.
- 6No approval of the transactions and contracts concluded for the fiscal year ending 31-12-2024, between the company and Hana Food Industries Company, in which board member Mr. Ahmed Hamoud Ibrahim Al-Dhiyab has an indirect interest. These transactions involve the sale of finished goods and products, including plastic bottle preforms and plastic bottle caps of various sizes and weights, as well as the purchase and sale of raw materials, packaging, and wrapping materials during the fiscal year ending 31-12-2024, without discrimination or preferential terms. The value of the transactions amounted to SAR 28,762,287 in sales, including value-added tax, and SAR 50,400 in purchases, including value-added tax.
- 7No approval of the discharge of the board members from liability for the fiscal year ending 31-12-2024.
- 8No approval of disbursing a remuneration of SAR 600,000 to non-executive board members for the fiscal year ending 31-12-2024.
- 9Approval of amending Article Twenty-Four of the Company’s Articles of Association, relating to company management.
- 10Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for the fiscal year ending 31-12-2025.
- 11Approval of delegating the authority of the Ordinary General Assembly to the Board of Directors, with the license contained in Paragraph (1) of Article Twenty-seventh (27) of the Companies Law, for one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, per the conditions stated in the executive regulations. The corporate system for listed joint stock companies.
