Middle East Paper Co. — Proxy Solicitation & Information Statement 2025

May 22, 2025

Middle East Paper Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

1202 · 22/05/2025 16:04:14 · Announcement #87605 · View on Saudi Exchange

Middle East Paper Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of the Middle East Paper Company (MEPCO) is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly meeting, (the first meeting, and second meeting is an hour after the first), which is scheduled to be held via modern technological means, at exactly 7:00 pm on Thursday 01/01/1447 H - 26/06/2025 using Tadawulaty system.
City and Location of the General Assembly's Meeting	Through modern technological means using the Tadawulaty system, from the meeting room of the company’s general management headquarters in the city of Jeddah.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-06-26 Corresponding to 1447-01-01
Time of the General Assembly’s Meeting	19:00
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	As per Article (35) of the Company's Articles of Association, the quorum for holding the Extraordinary General Assembly Meeting will be (50%) of the capital. In case of non-completion of the quorum at this meeting, a second meeting will be held after one hour of the scheduled time for the first meeting, and the quorum will be (25%)
General Assembly Meeting Agenda	1- Vote on the auditor's report for the fiscal year ending December 31, 2024, after discussing it.

2- Review and discuss the financial statements for the fiscal year ending December 31, 2024.

3- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024.

4- Voting on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second, third, and annual quarters of the fiscal year 2025 and the first quarter of the fiscal year 2026, and to determine his fees.

5- Voting on authorizing the Board of Directors to exercise the authority of the General Assembly to authorize the Company in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint stock companies.

6- Voting on the Board of Directors' recommendation of the transfer of the full statutory reserve of the company in the amount of SAR 135,278,852 as in the financial statements ending on 31/12/2024 to the retained earnings item .

7- Voting on the authorization of the Board of Directors to distribute interim dividends bi-annually or quarterly for the fiscal year ending 31/12/ 2025. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions.

Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: https://tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Honorable shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items starting at 1 a.m. on 26/12/1446 H - 22/06/2025 until the end of the meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link.: www.tadawulaty.com.sa Method of Communication in Case of Any Enquiries We are pleased to receive questions and inquiries from our esteemed shareholders regarding the meeting items starting from the time of this announcement, and they will be answered through the following means of communication:

Email investors@mepco.biz

- Tel: 012-25669600 Additional Information N/A Attached Documents  

The Capital Market Authority and Saudi 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.