Paper Home Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Paper Home Company announces to its shareholders the results of the Extraordinary General Assembly Meeting (First Meeting), which was held at (19:30) pm on Sunday 23/11/1447 AH corresponding to 10/05/2025 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 | 2026-05-10 Corresponding to 1447-11-23 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 67.75 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Yakoub 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 Rewards and Nominations 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 31/12/2025 2. The financial statements for the fiscal year ending on 31/12/2025 were reviewed 3.Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2025. 4.The Board of Directors' report for the financial year ended 31/12/2025 were reviewed. 5. Approval of the disbursement of (229.000) Saudi riyals as remuneration to the members of the Board of Directors for the year ended 31/12/2025. 6.Approval of authorizing the Board of Directors to distribute interim dividends (quarterly - semi-annual) for the year 2026 7. Approval of the appointment of Al-Luheed and Al-Yahya Company, Certified Public Accountants, as the company’s auditors from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the semi-annual and annual financial statements for the year 2026 AD, for a fee of 320,000 (Three hundred twenty thousand riyals). 8. Voting on amending Article (3) of the company’s Articles of Association relating to the company’s objectives. |
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