BAAN Holding Group Co. announced on April 26, 2026 the results of its Extraordinary General Assembly Meeting held on April 23, 2026, with 54.21456% shareholder attendance. The meeting approved the company's acquisition of real estate assets from Al Oula Real Estate Development Company for SAR 178,500,000, funded through a capital increase of SAR 65,576,782 via issuance of 65,576,782 ordinary shares, involving 86 residential units in the Ajdan Waterfront Project. Additionally, shareholders approved the acquisition of three hotels from Abdulmohsen Abdulaziz Al Hokair Holding Group Company through a capital increase of SAR 239,390,154 via issuance of 239,390,154 ordinary shares, with related business contracts totaling SAR 651,620,000. The assembly also approved various amendments to the company's bylaws and additional auditor fees of SAR 100,000.

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