On June 16, 2026, Alhasoob Co. announced the results of its Ordinary General Assembly meeting held on June 15, 2026, at 19:30 at the company's Riyadh headquarters with 80.71% shareholder attendance. The assembly approved the appointment of RSM United Accountants Professional Consulting Company as auditor for periods ending June 30, 2026 and December 31, 2026, with total fees of SAR 155,000 excluding VAT. Key approvals included SAR 130,000 annual remuneration for Board of Directors members for fiscal year 2025, authorization for the Board to distribute interim dividends on a semi-annual or quarterly basis for fiscal year 2026, and approval of business transactions with Chairman Hamad Ibrahim Al-Luhaidan valued at SAR 60,638 for the previous year. The meeting also approved the discharge of Board members from liability for fiscal year 2025 and granted the Board authority under Article Twenty-Seven of the Companies Law for one year.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.