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Paper Home Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Paper Home Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at (18:45) pm on Wednesday 28/11/1445 AH corresponding to 05/06/2024 AD at the company's headquarters located on Al-Kharj Road - Exit 7 - Al-Rafaie Industrial, through modern technology using Tadawulati service, after the quorum for the validity of the assembly is completed. |
| City and Location of the General Assembly's Meeting | the company's headquarters located on Al-Kharj Road - Exit 7 - Al-Rafaie Industrial, through modern technology. |
| Date of the General Assembly's Meeting | 2024-06-05 Corresponding to 1445-11-28 |
| Time of the General Assembly’s Meeting | 18:45 |
| Percentage of Attending Shareholders | 84.91 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Yaqoob Yousef Mohammed Al-Maghrabi – Chairman of the Board of Directors 2- Mr. Ammar Yaqoob Yousef Al-Maghrabi – Vice Chairman of the Board of Directors 3- Mr. Faisal Yaqoob Yousef Al-Maghrabi – Managing Director and CEO 4- Dr. Abdul Mohsen Khalid Abdul Mohsen Al-Sudairi - Member of the Board of Directors 5- Mr. Abdullah Mohammed Yaqoob Al-Fraih – Member of the Board of Directors |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Abdullah Mohammed Yaqoob Al-Fraih – Member of the Board of Directors- Chairman of the Audit Committee. 2.Dr. Abdul Mohsen Khalid Abdul Mohsen Al-Sudairi - Member of the Board of Directors - Chairman of the Nominations and Remuneration Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the auditor's report for the fiscal year ended 31/12/2023 2. The financial statements for the fiscal year ending on 12/31/2023 were reviewed 3. Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2023. 4. The Board of Directors' report for the financial year ended 31/12/2023 were reviewed. 5. Approval of the disbursement of (450.000) Saudi riyals as remuneration to the members of the Board of Directors for the year ended 31/12/2023. 6. Approval of the appointment of Ibrahim Ahmed Al-Bassam & Partners Chartered Accountants and Auditors Company as the company's external auditor for the fiscal year ending on 31-12-2024 7. Approval of authorizing the Board of Directors to distribute interim dividends (quarterly - semi-annual) for the year 2024. 8. Approval of the business and contracts concluded between the company and Al-Kharj Investment Company (one person company) wholly owned by the Chairman of the Board of Directors (Mr. Yaqoob Yousef Al-Maghrabi) in which he has an indirect interest, which is (payment of the balance due to the related party) according to the prevailing market conditions in the amount of (4,669,574 Saudi riyals) (as a debtor). 9. Approval of the business and contracts concluded between the company and Al-Kharj Investment Company (one person company) wholly owned by the Chairman of the Board of Directors (Mr. Yaqoob Yousef Al-Maghrabi), in which he has an indirect interest, which is (financing to support operations in the factory) according to the prevailing market conditions in the amount of (790,000 Saudi riyals) (as a creditor). 10. . Approval of the works and contracts concluded between the company and the Chairman of the Board of Directors (Mr. Yacoub Youssef Al-Maghrabi), in which he has a direct interest, which is (the rent of the factory land owned by him) according to the prevailing market conditions in the amount of (300.000) riyals (as a creditor). |
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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Last Price 137.0
Net Change -3.0 (-2.14%)
Value Traded (Sar) 55,759
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