On May 21, 2026, Sahat Almajd Trading Company announced the results of its Ordinary General Assembly Meeting held on May 20, 2026, at the company's Riyadh headquarters with 72.41% shareholder attendance. The meeting approved cash dividends of 5,906,250 Saudi Riyals for the second half of fiscal year 2025 at 15 halalas per share, representing 15% of capital, with distribution commencing June 10, 2026. Key approvals included appointing BKF Al-Bassam as auditor for 275,000 Saudi Riyals, paying 990,000 Riyals in board remuneration, and re-allocating IPO proceeds of 28,714,619 Saudi Riyals. The assembly also approved related-party transactions totaling 2,523,000 Riyals and authorized the board to distribute interim dividends for fiscal year 2026.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.