Al Kathiri Holding Co. announced on May 10, 2026 the results of its Ordinary General Assembly meeting held on May 7, 2026, which achieved a 43.16% quorum. The assembly approved the election of four Board of Directors members for a four-year term ending May 6, 2030, and appointed external auditors for SAR 584,000 excluding VAT. However, shareholders rejected multiple related-party transactions totaling SAR 50,137,553 involving Board Member Meshal Mohammed Nasser Al Kathiri, and set a six-month period for him to rectify his status in accordance with regulatory requirements.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.