The general assembly of “ASQ” approves the distribution of cash dividends for the year 2025

Asq Plastic Factory Company announced the results of the Ordinary General Assembly meeting (first meeting), which was held yesterday, Wednesday.

The company said in a statement on its website "Saudi Arabia trading"The results of the vote on the assembly’s agenda included:

1- Approval of the company’s auditor’s report for the financial year ending on December 31, 2025 AD after discussing it.

2- Viewing the Board of Directors’ report for the financial year ending on December 31, 2025 AD and discussing it.

3- Viewing the company’s financial statements for the financial year ending on December 31, 2025 AD and discussing them.

4- Approval of the discharge of the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2025.

5- Approval of the appointment of RSM United Accountants for Professional Consultations – as the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the company’s initial financial statements for the first quarter ending on 03-31-2026 AD, the second quarter ending on 06-30-2026 AD, the third quarter ending on 09-30-2026 AD, and the annual financial statements ending on 12-31-2026 AD, for a fee amounting to 360 thousand riyals.

6- Approval of authorizing the Board of Directors to distribute dividends. Interim on shareholders on a semi- or quarterly basis for the fiscal year ending on December 31, 2026.

7- Approval of delegating the Board of Directors to the Ordinary General Assembly with the authorization contained 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 session of the delegated 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 related to businesses and contracts in which a member of the Board of Directors has a direct or indirect interest. Therein.

8- Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly with the license stipulated in Paragraph (2) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the term of the delegated 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 related to practicing competitive business.

9- Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (4,582,500) million riyals to shareholders for the fiscal year. ending on (12-31-2025 AD) at a rate of (0.65) halalas per share, at a rate of (6.5%) of the capital, provided that the eligibility is for the shareholders who own the shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the maturity date, and the dividends will begin to be disbursed by transferring them to the accounts linked to the portfolios of the eligible shareholders as of Tuesday on 05-19-2026AD through the payment agent – the Securities Depository Center Company (Edaa). In the event of a default in his account, any shareholder can contact the payment agent – the Securities Depository Center Company (Edaa) or communicate with the company via email: investorrelations@asgplastic.sa or call: 0559251726.

10- Approval of the business and contracts concluded between the company and the Hailstone Plastic Factory Establishment, which belongs to the former board member. (Mohammed Rafdan Al-Sahma) has an indirect interest in it, which is a (service). These transactions were for the year 2025 AD and lasted for a year. These transactions are carried out in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential terms. The value of the transactions during the year 2025 AD is an amount of (762) riyals.

11- Approval of the works and contracts that were concluded between the company and the Hail Pills Plastic Factory Establishment, which is for the former member of the Board of Directors (Mohamed Rafdan Al-Sahmah) has an indirect interest in it, which is (purchases). These transactions were for the year 2025 and their duration is one year. These transactions are carried out in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential conditions. The value of the transactions during the year 2025 AD amounted to (2,168,882) riyals, and its tax amounted to (325,332) riyals, and the value of the amount paid during the year 2025 AD amounted to (2,246,751) riyals.

12- Approval of the balance resulting from the works and contracts concluded between the company and the Hail Grains Plastic Factory Establishment, in which the former member of the Board of Directors (Mohammed Rafdan Al-Samha) has an indirect interest. These transactions during the year 2025 consisted of (selling, buying and paying), and the balance of them amounted to (zero) riyals as of December 31, 2025 AD.

13- Approval of the works. The contracts concluded between the company and the Zat Industrial Factory Corporation, in which the Vice Chairman of the Board of Directors (Fahd Muhammad Al-Othman) has an indirect interest, are (sales). These transactions were for the year 2025 AD and lasted for a year. These transactions are carried out in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential conditions. The value of the transactions during the year 2025 AD amounted to (1,582,552) riyals, and its tax amounted to (238,530). Riyals.

14- Approval of the business and contracts concluded between the company and the Zat Industrial Factory Foundation, in which the Vice Chairman of the Board of Directors (Fahd Muhammad Al-Othman) has an indirect interest, which are (purchases). These transactions were for the year 2025 AD and their duration is one year. These transactions take place in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential terms. The value of the transactions during the year 2025 AD is an amount of (1,311,358) riyals. Its tax amounted to (196,704) riyals, and the value of the amount paid during the year 2025 amounted to (21,160) riyals.

15- Approval of the business and contracts that were concluded between the company and the Zat Industrial Factory Foundation, in which the Vice Chairman of the Board of Directors (Fahd Muhammad Al-Othman) has an indirect interest, and it is a (service). These transactions were for the year 2025 AD and lasted for a year. These transactions are carried out in the normal course of business and in accordance with According to the prevailing commercial conditions and without any preferential terms, the value of the transactions during the year 2025 amounted to (7,650) riyals.

16- Approval of the balance resulting from the works and contracts that were concluded between the company and the Zat Industrial Factory Foundation, in which the Vice Chairman of the Board of Directors (Fahd Muhammad Al-Othman) has an indirect interest. These transactions during the year 2025 were (sale, purchase, and payment), and the balance of them amounted to (975,645) riyals as at December 31, 2025 AD.

17- Approval of the Board of Directors’ decision to appoint the member (Mohammed Walid Saleh Al-Nami) as an independent member of the Board of Directors, starting from the date of his appointment on 09/24/2025 to complete the Board’s session until the end of the current session on 12/02/2027 AD, succeeding the previous member (Mohammed Rafdan Atallah Al-Sahma – Non-Executive Member).

18- Approval of the policy The company’s competition controls and standards.

19- Approval of the work regulations of the Nominations and Remuneration Committee.

20- Approval of the policy, standards and procedures for membership in the Board of Directors.

21- Approval of the social responsibility policy and the social work initiative.

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