First Avenue Appoints Forvis Mazars Auditor SAR 440,000

FIRST AVENUE

FIRST AVENUE

9610.SA

0.00

On June 17, 2026, First Avenue for Real Estate Development Company published a supplementary announcement clarifying results from its Ninth Extraordinary General Assembly Meeting held the previous day. The company approved the appointment of Professional Consultants (Forvis Mazars) as external auditor for fiscal year 2026 and first quarter 2027, with total fees of SAR 440,000 excluding VAT. However, shareholders rejected a proposal to authorize the Board of Directors with powers typically reserved for the Ordinary General Assembly for a one-year period.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96168&anCat=1&cs=9610&locale=ar

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