APICO Approves Remuneration Policy for Board, Sub-Committees, and Executive Management

The Arabian Plastic Industrial Company (APICO) announced on Wednesday the results of the General Assembly Meeting, which was held virtually using modern technology at 18:30 on Tuesday, June 4, 2024.

Voting Results on the Items of the General Assembly Meeting Agenda:

1- Reviewed and discussed the report of the Board of Directors for the fiscal year ending on 31-12-2023.

2- Approved the company’s auditor’s report for the fiscal year ending on 31-12-2023.

3- Reviewed and discussed the financial statements for the period ending on 31-12-2023.

4- Approved to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2023.

5- Approved the appointment of Messrs. Dr. Mohamed Al-Amri & Co. (BDO) as external auditor of the company among the candidates based on the recommendation of the Audit Committee; to examine, review and audit the the first half and annual financial statements for the fiscal year 2024 with total fees of 240,000 Saudi Riyal .

6- Approved the disbursement of 42,500 Saudi Riyal as a reward for the members of the Board of Directors for the fiscal year ending on 31-12-2023.