National Building and Marketing Co. announced on June 17, 2026 the results of its Ordinary General Assembly meeting held on December 16, 2026, with 70.02% shareholder attendance achieved through online participation. The assembly approved key resolutions including the appointment of Baker Tilly as auditor for fiscal years 2026-2027 with fees of SAR 1,205,000, payment of SAR 125,000 in board member remuneration for 2025, and the decision not to distribute dividends for the year ending December 31, 2025. Additionally, shareholders approved the company to act as guarantor for its subsidiary Ajij Steel and Derivatives Manufacturing Company with a maximum limit of SAR 300 million, and ratified various related-party transactions totaling over SAR 100 million with companies where board member Eng. Mohamed Iqbal Dabboul has direct interests.

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.