Al Majed Oud Co. announced results of its Ordinary General Assembly Meeting held remotely on May 11, 2026, with 82.545% shareholder attendance. The meeting, announced on May 12, 2026, approved cash dividends totaling SAR 100 million at SAR 4.00 per share (40% of nominal value) for fiscal year 2025, and authorized SAR 850,000 in board member remuneration. Shareholders also approved the appointment of Dr. Mohammed Al-Omari & Co. (BDO) as external auditor for annual fees of SAR 1,100,000 and ratified multiple related-party transactions including lease agreements and construction contracts totaling over SAR 8 million.

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