BAAN Holding Approves SAR 263.6M Loss Offset

BAAN

BAAN

1820.SA

0.00

BAAN Holding Group Co. announced on June 29, 2026 the results of its Extraordinary General Assembly Meeting held on June 7, 2026, with 73.69% shareholder attendance. The meeting approved all ten agenda items, including the review of financial statements for the year ended December 31, 2025, and the disbursement of SAR 1,505,000 as Board of Directors remuneration. Key approvals included transferring funds from the share premium account to offset accumulated losses of SAR 263,644,000, and ratifying related-party transactions with Abdulmohsen Al Hokair Holding Group totaling SAR 47,335,306 for lease and service agreements during 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96462&anCat=1&cs=1820&locale=ar

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