Raoom Trading Transfers SAR 18.75M Reserve to Offset Losses

RAOOM

RAOOM

4144.SA

0.00

On May 31, 2026, Raoom Trading Co. announced the results of its Extraordinary General Assembly meeting held on May 21, 2026, in Al-Qassim - Buraidah via modern technology, with 86.30% shareholder attendance. The assembly approved the appointment of Baker Tilly Professional Consulting as external auditor for fiscal year 2026 for a total fee of SAR 445,000, and authorized the Board of Directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2026. Key approvals included lease agreements with Chairman Abdulaziz Abdullah Alhumaid totaling SAR 2,484,996 in rental value during 2025, and the transfer of SAR 18,750,000 from optional reserves to retained earnings to offset accumulated losses.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95674&anCat=1&cs=4144&locale=ar

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.