Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has announced the results of its Ordinary General Assembly meeting which took place on 18 June 2026, where the shareholders reviewed the performance for the 2025 fiscal year and approved the appointment of a new external auditor.

The meeting reviewed and discussed the Board of Directors' report and the company’s financial statements for the 2025 period. Following these discussions, the assembly voted to approve the auditor’s report for the 2025 fiscal year, according to a bourse filing.

In a significant move regarding future oversight, the General Assembly approved the appointment of Maham Professional Services (CPA) as the company’s external auditor. This selection was made from among several candidates based on a formal recommendation from the Audit Committee.

The newly appointed firm will be responsible for the examination, review, and auditing of FIPCO’s financial statements for the second and third quarters of 2026, the full 2026 fiscal year, and the first quarter of 2027.

The financial terms for these auditing services were also disclosed, with the assembly approving total fees of SAR 384,000 for the specified periods. This appointment ensures that the company remains compliant with regulatory requirements for independent financial verification as it moves through the 2026 and early 2027 reporting cycles.

The successful conclusion of the 41st Ordinary General Assembly allows FIPCO to proceed with its regulatory filings and formalize its financial oversight for the upcoming quarters.

By securing shareholder approval for the 2025 reports and appointing Maham Professional Services, the company maintains its commitment to transparency and corporate governance standards as mandated by Saudi market regulations.