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 Monday, 04-05-2026, corresponding to 17-11-1447 H, and the percentage of attending shareholders was 56.53%.
Members of the Board of Directors attended:
- 1Mr. Ahmed Hamoud Ibrahim Altheyab Chairman of the Board of Directors
- 2Mr. Taha Mohamed Abdel Wahid Azhary Vice Chairman
- 3Mr. George Abdul Karim George Mousa Board Member and Chief Executive Officer
- 4Mr. Meshaal Mohammed Saleh Almogren Board Member
- 5Mr. Sahal Yousef Abdullah Jamal Allail Board Member
- 6Mr. Najib Abdullah Hussein Board Member
The presiding officers also attended the meeting:
- 1Chairman of the Audit Committee Mr. Taha Mohamed Abdel Wahid Azhary
- 2Chairman of the Remuneration and Nominations Committee Mr. Taha Mohamed Abdel Wahid Azhary
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 31-12-2025
- 2Approval of the company's external auditor's report for the fiscal year ended 31-12-2025 after discussing it.
- 3Reviewing and discussing the Financial Statement of the fiscal year ended 31-12-2025.
- 4Approval of appointment of KPMG Professional Services Company as 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 2026, plus the first quarter of the year 2027, and specify that his fees are set at 900,000 SR only, nine hundred thousand SR.
- 5Approval of the transactions and contracts concluded for the fiscal year ending 31-12-2025, between the company and Hana Food Industries Company, in which the Chairman of the Board, 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, printed materials (labels), packaging materials (shrink and stretch film), as well as the purchase and sale of raw materials, packaging, and wrapping materials during the fiscal year ending 31-12-2025, without discrimination or preferential terms. The value of the transactions amounted to SAR 24,513,320 in sales, including VAT.
- 6Approval of the discharge of the board members from liability for the fiscal year ending 31-12-2025.
- 7Approval of disbursing a remuneration of SAR 750,000 to non-executive board members for the fiscal year ending 31-12-2025.
- 8Approval of amending the Board of Directors’ Rules of Procedure.
- 9Approval of amending Policies and Standards for Board of Directors Membership Procedures.
- 10Approval of amending Audit Committee Charter.
- 11Approval of amending the Remuneration and Nomination Committee Charter.
- 12Approval of amending the Remuneration Policy for Members of the Board of Directors, the Committees Formed Therefrom, and the Executive Management.
- 13Approval of amending Corporate Social Responsibility Policy.
- 14Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for the fiscal year ending 31-12-2026.
- 15Approval 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.
