Arabian Plastic Industrial Company (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 18:30, on Tuesday 27-11-1445, corresponding to 04-06-2024. |
| City and Location of the General Assembly's Meeting | Company Head Office, in Jeddah City via modern technology means (Tadawulaty Platform) |
| Date of the General Assembly's Meeting | 2024-06-04 Corresponding to 1445-11-27 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 71.26% |
| 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
Mr. Abubakr Mohammed Balubaid - Member Nominations and Remuneration Committee on behalf of Committee chairman |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Reviewed and discussed the report of the Board of Directors for the fiscal year ending on 31-12-2023.
2- Approved the company's auditor's report for the fiscal year ending on 31-12-2023. 3- Reviewed and discussed the financial statements for the period ending on 31-12-2023. 4- Approved to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2023. 5- Approved the appointment of Messrs. Dr. Mohamed Al-Amri & Co. (BDO) as external auditor of the company among the candidates based on the recommendation of the Audit Committee; to examine, review and audit the the first half and annual financial statements for the fiscal year 2024 with total fees of 240,000 Saudi Riyal . 6- Approved the disbursement of 42,500 Saudi Riyal as a reward for the members of the Board of Directors for the fiscal year ending on 31-12-2023 7- Approved the remuneration policy for the Board of Directors, the emerging committees, and the executive management. |
| Additional Information | N/A |
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