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Arabian Plastic Industrial Co. (APICO) announces the Results of the Ordinary General Assembly Meeting (First Meeting).
| Element List | Explanation |
|---|---|
| Introduction | Arabian Plastic Industrial Company (APICO) is pleased to announce the results of the General Assembly Meeting which was held virtually by modern technology means, at 19:00, on Sunday 15-11-1444, corresponding to 04-06-2023. |
| City and Location of the General Assembly's Meeting | Company Head Office, in Jeddah City, Online via Tadawulaty Platform |
| Date of the General Assembly's Meeting | 2023-06-04 Corresponding to 1444-11-15 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 76.84% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Mr. Khalid Omar Abubakr Balubaid - Chairman Mr. Ahmed Omar Abubakr Balubaid - Vice Chairman Mr. Saeed Omar Abubakr Balubaid - Board Member Mr. Waleed Khalid Omar Balubaid - Board Member Mr. Mohammed Hashim Bakr Al-Haj - Board Member Mr. Azhar Medo Mohyaldeen Kenji -Independent Board Member Mr. Nagi Sourati - Independent Board Member Mr. Venugopal T. K. - Board Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Waleed Khalid Omar Balubaid - Chairman Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1 - The Board of directors reports for the fiscal year ending on 31-12-2022 was reviewed and discussed. 2-Approval of the company's auditor's report for the fiscal year ending on 31-12-2022. 3- Reviewed and discussed the financial statements for the period ending on 31-12-2022. 4- Approval of the decision of the Board of Directors to appoint Mr. Azhar Mido Mohieddin Kanji as an (independent) member of the Board of Directors, starting from the date of his appointment on 22-01-2023 to complete the session of the Board until the end date of the current session on 20-06-2026 to succeed the previous member, Mr. Hassan Omar Abu Bakr Balubaid Board Member (non-executive). 5- Approval to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2022. 6- Approval on the appointment of Dr. Mohamed Al-Amri & Co. as the external auditor of the company among the candidates based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the first half and annual of the fiscal year 2023 and determine their fees. 7- Approval on disbursing an amount of 20,000 riyals as a reward for the members of the Board of Directors for the fiscal year ending on 31-12-2022. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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