Filling & Packing Materials MFG. Co. (FIPCO) announces the results of the general assembly meeting No. 33 (first meeting)

Element ListExplanation
Introduction Filling and Packing Materials MFG. Co. (FIPCO) is pleased to announce the results of its general assembly Meeting No. 33

The first meeting is took place on May 07, 2020 at 11 PM after exceeding the quorum required for convention of the meeting, which was 34.65% of the shares that represent the capital.

City and Location of the General Assembly's Meeting The AGM was held remotely via modern technological means as per the circular issued by the Capital Market Authority that includes conducting general assembly meetings through modern technological means that enable shareholders to participate in meetings deliberations and vote on the agenda to support the preventive and precautionary measures and efforts conducted by relevant authorities to address and contain the novel Corona virus (COVID-19).
Date of the General Assembly's Meeting 2020-05-07 Corresponding to 1441-09-14
Time of the General Assembly's Meeting 23:00
Percentage of Attending Shareholders A quorum of 34.65 % of the company’s capital
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The AGM was attended by all board members named herein below:

1- Eng. Ahmed Abdullatif Albarrak (Chairman)

2- Mr. Faisal Muhammed Alharbi (Deputy Chairman and MD)

3- Mr. Nemer Nasser Alharbi

4- Mr. Abdulrahman Almudaimeegh

5- Mr. Abdullah Muhammed Alharbi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The following Committees’ Chairmen attended the AGM:

1- Mr. Fawzi Ibrahim Alhobayeb (Chairman of the Audit Committee)

2- Mr. Nemer Nasser Alharbi (Chairman of the Nominations and Remuneration committee)

3- Eng. Ahmed Abdullatif Albarrak (Chairman of Executive Committee)

4- Mr. Abdullah Muhammed Alharbi (Chairman of Governance Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approve the report of the Board of Directors for the fiscal year ending 31/12/2019.

2- Approve the External Statutory Auditors Report for the financial year ending 31/12/2019.

3- Approve the audited consolidated financial statements of the company for the fiscal year ending 31/12/2019.

4- Approve the acquittal of the Board of Directors members of any liability pertaining to the management and administration of the company for the fiscal year ending 31/12/2019.

5- Approve the appointment of (Osama A. Elkhereiji & Partner Co. CPA) and audit fees for the External Statutory Auditors nominated by the Audit Committee for reviewing and auditing of the quarterly and annual financial statements for the fiscal year ending 31/12/2020 and the first quarter of 2021.

The Capital Market Authority and the Saudi Stock 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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