December 14.. “APICO” GA to vote on determining authorized ‎capital of SR100 million ‎

The Board of Directors of the Arab Plastics Industry Company (APICO) invited shareholders to participate and vote in the extraordinary general assembly meeting, which is scheduled to be held on Thursday, December 14, where the terms include voting on determining the authorized capital according to the following: The authorized capital after… The amendment is 100 million riyals, as there is no change in the number of company shares before and after the increase in the authorized capital. As well as voting on amending Article No. (7) of the statute relating to capital

Shareholders registered in the issuer’s shareholder registry at the Depository Center have the right to attend at the end of the trading session that precedes the extraordinary general assembly meeting in accordance with the laws and regulations. The shareholder also has the right to discuss the topics on the assembly’s agenda and ask questions.

The extraordinary general assembly meeting is considered valid if it is attended by shareholders representing at least half of the capital. If a quorum is not available to hold this meeting, a second meeting must be held within thirty days following the previous meeting. The second meeting is considered valid if it is attended by shareholders representing at least a quarter of the company’s shares.

The rest of the Assembly’s agenda items are as follows:

– Vote on amending the company’s bylaws in accordance with the new companies’ bylaws, and rearranging the articles of the bylaws and numbering them to be consistent with the proposed amendments.

– Vote on amending Article (19) of the company’s bylaws, related to the powers of the council.

— Vote on amending Article (21) of the company’s bylaws, relating to the powers of the Chairman of the Board of Directors, his deputy, the managing director, and the secretary.

– Vote on the work regulations of the Nominations and Remuneration Committee

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