November 16.. “FIPCO” GA to discuss transferring statutory ‎reserve amounting to 17.38 million riyals to retained earnings

The Board of Directors of the Packaging Materials Manufacturing Company (FIPCO) invited the esteemed shareholders to participate and vote in the eleventh extraordinary general assembly meeting (third meeting), scheduled to be held on Thursday, November 16, which includes voting on the transfer of the statutory reserve amounting to 17.38 million riyals as in the financial statements for the fiscal year ending on December 31, 2022, to retained earnings.

Shareholders registered in the register of shareholders of the issuer at the Depository Center have the right to attend at the end of the trading session that precedes the General Assembly meeting, in accordance with the rules and regulations, and the shareholder has the right to delegate whomever he chooses from other than members of the Board of Directors.

According to Article (34) of the company’s bylaws, the extraordinary general assembly meeting (third meeting) is valid, regardless of the number of shares represented in it.