On June 10, 2026, Al Khaleej Training and Education Company announced the results of its Extraordinary General Assembly meeting held on June 9, 2026, at 7:30 PM at the company's Riyadh headquarters with 39.41% shareholder attendance. The assembly approved key resolutions including the appointment of Baker Tilly MKM & Co. as auditor for fiscal years 2026-2027 with fees of SAR 1,470,000, and board remuneration of SAR 1,500,000 for fiscal year 2025. Multiple related-party transactions were approved, including insurance contracts worth SAR 36,232,828 with Tawuniya, lease agreements for sports centers and beauty centers totaling SAR 6,081,200, and various operational contracts with entities connected to board members. The meeting also approved amendments to the company's articles of association regarding business activities and updated the Audit Committee Charter.

Original announcement:

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