Saudi Printing and Packaging Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Saudi Printing and Packaging Co. shareholders approved the fiscal year 2025 financial statements and discharged the Board of Directors from liability during the General Assembly meeting held on May 19, 2026.
Ernst & Young Professional Services was appointed as the external auditor for the 2026 fiscal year and Q1 2027, with fees set at SAR 2,068,500 excluding VAT.
Shareholders ratified multiple related-party printing contracts and transactions with Saudi Research and Media Group subsidiaries totaling over SAR 23 million for the 2025 fiscal year.
The assembly approved loan balances from shareholders totaling SAR 85 million (comprising SAR 75 million and SAR 10 million loans) with interest expenses of SAR 1,498,437.50 for 2025.

Element List	Explanation
Introduction	Saudi Printing and Packaging Co. announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 07:45 PM on Tuesday, 02-12-1447 H (corresponding to 19-05-2026 G), in person and via modern technology means.
City and Location of the General Assembly's Meeting	Company Head Office at Riyadh, via modern technology.
Date of the General Assembly's Meeting	2026-05-19 Corresponding to 1447-12-02
Time of the General Assembly’s Meeting	19:45
Percentage of Attending Shareholders	64.79
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The General Assembly Meeting was attended by: 1-Mr. Saleh Hussain Al Dowais (CHAIRMAN OF THE BOARD) 2-Mr. Ali bin Hassan bin Mohammed Al-Jameel (Deputy Chairman) 3-Dr. Turki bin Omar Saleh Buqshan 4-Mr. Waleed Bin Ali Al Banawi 5-Mr. Mohammed Abdulfatah Nazer 6-Mr. Khalid Mohammed Alhugail 7-Mr. Abdel Aziz Abdel Baset Al-Tayar
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. Mohammed Abdulfattah Nazer- Executive Committee Chairman 2-Dr. Turki bin Omar Saleh Buqshan- Audit Committee Chairman 3- Mr. Ali bin Hassan bin Mohammed Al-Jameel – Nominations and Remunerations Committee Chairman
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- The Financial Statements for the fiscal year ending on 31/12/2025 were reviewed and discussed. 2- The Board of Directors Report for the fiscal year ending on 31/12/2025 was reviewed and discussed. 3- Approval of the External Auditor Report for the fiscal year ending on 31/12/2025 after discussing it. 4- Approval of the appointment of Ernst & Young Professional Services as the External Auditor for the Company from among the candidates nominated based on the recommendation of the Audit Committee, to review and audit the financial statements of the second quarter, third quarter, and annual of the fiscal year 2026, in addition to the first quarter of the fiscal year 2027, and determining their fees at an amount of SAR 2,068,500 excluding VAT. 5- Approval of the discharge of the Board of Directors members for the fiscal year ending on 31/12/2025. 6- Approval of the transactions and contracts concluded for the year ending on 31/12/2025 between the company and The Saudi Research and Media Group, where Mr. Adel bin Marzouq Al-Nasser (The Former Chairman), Dr. Turki bin Omar Saleh Bugshan (Board of Directors member), and Mr. Saleh Hussain Al-Dowais (Board of Directors member), who is also the General Manager of the Saudi Research and Publishing Company (a subsidiary of the Saudi Research and Media Group), have an indirect interest. These transactions are printing contracts, and the total value of these transactions reached SAR 1,360,303 during the fiscal year 2025, where their balance as of 31 December 2025 reached SAR 31,339,180.69 CR. Additionally, the balance of the loan provided by them in their capacity as shareholders amounted to SAR 75,000,000 CR, along with a short-term loan balance of SAR 10,000,000 CR, and the loan interest expenses amounted to SAR 1,498,437.50, without preferential terms. 7- Approval of the transactions and contracts concluded for the year ending on 31/12/2025 between the company and The Saudi Research and Publishing Company (owned by the Saudi Research and Media Group), where Mr. Adel bin Marzouq Al-Nasser (The Former Chairman), Dr. Turki bin Omar Saleh Bugshan (Board of Directors member), and Mr. Saleh Hussain Al-Dowais (Board of Directors member), who is also the General Manager of the Saudi Research and Publishing Company (a subsidiary of the Saudi Research and Media Group), have an indirect interest. This transaction is a printing contract, and the total value of these transactions reached SAR 21,371,778 during the fiscal year 2025, without preferential terms. 8- Approval of the transactions and contracts concluded for the year ending on 31/12/2025 between the company and The Saudi Specialized Publishing Company (owned by the Saudi Research and Media Group), where Mr. Adel bin Marzouq Al-Nasser (The Former Chairman), Dr. Turki bin Omar Saleh Bugshan (Board of Directors member), and Mr. Saleh Hussain Al-Dowais (Board of Directors member), who is also the General Manager of the Saudi Research and Publishing Company (a subsidiary of the Saudi Research and Media Group), have an indirect interest. This transaction is a printing contract, and the total value of these transactions reached SAR 486,987.51 during the fiscal year 2025, without preferential terms.