Dar Albalad EGM Approves Bylaws Amendments, Names New Auditor
DBS 7205.SA | 0.00 |
Dar Albalad for Business Solutions Co. announced the results of its Extraordinary General Assembly Meeting (First Meeting), held remotely from its Riyadh headquarters on July 26, 2026, at 19:30, with 72.13% shareholder attendance, as disclosed on July 27, 2026. Shareholders approved nine agenda items, including amendments to the Company's Bylaws regarding its name, management structure, share trading, disclosure of interest, and interim dividend distribution. The assembly also authorized the Board of Directors to exercise General Assembly authorities under paragraphs (1) and (2) of Article (27) of the Companies Law for one year, and approved the distribution of interim dividends on a semi-annual/quarterly basis for the financial year ending December 31, 2026. Additionally, Talal Abu Ghazalah Co. was appointed as the Company's external auditor for the second and third quarters of fiscal year 2026 and the first quarter of fiscal year 2027, with fees set at SAR 450,000.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97006&anCat=1&cs=7205&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/33574_8847_2026-07-27_08-53-42_en.pdfImportant 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.
