Baazeem Trading Co. announced on May 18, 2026 the results of its Ordinary General Assembly meeting held on May 17, 2026 in Riyadh with 28% shareholder attendance. The meeting approved key resolutions including the appointment of PKF AL Bassam as auditor for fiscal years 2026-2027 with fees of 385,000 SR, distribution of cash dividends totaling 11,137,500 riyals (0.11 riyals per share, 11% of capital) for the second half of 2024 to be paid on June 7, 2026, and Board remuneration of 2,110,000 SAR for fiscal year 2025. Additional approvals included the separation of the company's factory into a wholly-owned subsidiary named Qimmat Al-Ruya Factory for Industry and authorization for the Board to distribute interim dividends on a biannual/quarterly basis for fiscal year 2026.

Original announcement:

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