The Board of Directors of the General Company for Rubber and Tire Industries held its first session for the year 2026 on 26/1/2026, chaired by Engineer Haidar Nasser Zahir, Director General and Chairman of the Board, and attended by the esteemed members of the Board. The session began with a review of previous Board decisions and the actions taken thereon, followed by a discussion of the items listed on the agenda. Among the most prominent topics was a briefing by the Investment Department on ongoing partnership contracts. The Board listened to a detailed presentation by the Director of the Investment Department on the latest developments of the partnership contract with Golden Hammurabi Gate Company, the outcomes of the recently signed contract addendum, and its positive impact on improving project revenues. Updates were also presented on the arrival of machinery and equipment for the Civilizations Company for Industrial Investments project, as well as developments related to the production of rubber bridge bearings, including physical and financial completion rates. The Board was informed of the signing of a partnership contract with Mabani Al-Surooh for General Contracting, which was awarded the opportunity to establish a tire recycling plant using the pyrolysis method. The Board also reviewed the ongoing developments in the understandings with Sama Ufuq Al-Mustaqbal Company regarding the request to invest in the Babylon Tire Factory through rehabilitation and operation. The Board urged the Investment Department to expand the range of products of the recycling project belonging to Golden Hammurabi Gate Company, in order to increase economic returns and achieve optimal utilization of raw materials. The Board approved the technical and economic feasibility study submitted by the consortium of Subl Al-Amal and Taif Al-Mashriq Companies to establish an industrial city on the company’s land in Al-Haidariyah District, with an area of 258 dunums, directing the concerned departments to complete the procedures and obtain the required official approvals. The Board also discussed the Chemical Security Strategy Report related to the safety of chemical materials used in production processes and laboratories, recommending strict adherence to safety procedures and proper storage, with follow-up by the Occupational Safety Division. In addition, the Board discussed the company’s training plan for 2026 and approved it after taking into account the members’ observations, particularly increasing the number of legal training courses to enhance legal awareness among employees. The Board approved the Legal Department’s memorandum regarding the request for usufruct rights for the frontage of the Diwaniyah Tire Factory, and approved the Scrap Committee’s memorandum concerning the demolition and write-off of buildings constructed on property No. (20 / Section 12 Al-Shihabi), as they are unfit for use, demolished, outdated, and structurally deteriorated. The Board also ratified the Internal Audit Report for the fourth quarter of 2025, taking into consideration the members’ remarks. Furthermore, the Board discussed the Deputy Director General’s report on industrial safety procedures at the company’s factories, emphasizing: * Strengthening safety procedures. * Conducting periodic factory inspections. * Holding awareness seminars and training courses for employees. * Reinforcing safety units with specialized personnel. The Board also approved the provision of financial assistance to one of the employees due to difficult health and financial circumstances. At the conclusion of the session, the Board emphasized the importance of continuing efforts to develop work processes and achieve the company’s strategic objectives.