On July 1, 2026, Molan Steel Co. announced the results of its Ordinary General Assembly Meeting held on June 30, 2026, at the company's Riyadh headquarters via modern technology with 55.08% shareholder attendance. The assembly approved key resolutions including the appointment of Alzoman, Alfahad & Alhajjaj Professional Consulting Co. as external auditor for fiscal year 2026 with total fees of SAR 260,000 (SAR 200,000 for annual audit and SAR 60,000 for semi-annual review). Additional approvals included authorizing the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for 2026 and confirming the appointment of Mr. Majed Ibrahim Al-Odaiby as a Board member effective April 9, 2026, to complete the current term ending July 10, 2027.

Original announcement:

Important 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.