Eastern Province Cement Approves SAR 665,000 Auditor Fees
EPCCO 3080.SA | 0.00 |
On May 10, 2026, Eastern Province Cement Company announced the results of its 13th Extraordinary General Assembly Meeting (Second Meeting) held remotely on May 7, 2026, at 19:30, with 46.46% shareholder attendance. The assembly approved key resolutions including the authorization of the Board of Directors to distribute interim cash dividends on a biannual or quarterly basis for fiscal year 2026, and the appointment of Dr. Mohammed Al Amri & Partners (BDO) as external auditors for total fees of SAR 665,000. The meeting also approved several related-party transactions, including a three-year lease contract with Al-Dawaa Medical Services Company for SAR 3,191,790.00 annually, and business arrangements with Arabian Yemen Cement Company involving SAR 176,506.46 in payments and SAR 374,805.00 in deposits during 2025. Additionally, shareholders approved amendments to Article 4 of the Company's Bylaw regarding company objectives and authorized the Board of Directors with Ordinary General Assembly powers for one year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95134&anCat=1&cs=3080&locale=arImportant 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.
