Nayifat Finance Co. announced on June 4, 2026 the results of its Ordinary General Assembly Meeting held on June 3, 2026 at the company's Riyadh headquarters via the Tadawulaty system, with 50.29% shareholder attendance. The assembly approved multiple resolutions including SAR 744,572 in remuneration for Board of Directors and committee members for fiscal year 2025, appointment of Ernst & Young Professional Services as external auditor for specified periods in 2026-2027 with fees of SAR 1,285,000, and amendments to various corporate governance regulations and committee charters. Additionally, shareholders approved related party transactions with Yaqeen Capital involving commodity agency services (SAR 505,000 in 2025) and treasury share management services (SAR 73,000 in management fees plus SAR 43.374 million for share purchases in 2025), where board members have indirect interests.

Original announcement:

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