Saleh Al-Rashed Calls Shareholder Meeting on Subsidiary Operations
SALEH ALRASHED 1324.SA | 66.05 | -3.86% |
On March 16, 2026, Saleh Abdulaziz Al Rashed and Sons Co. announced an Ordinary General Assembly Meeting scheduled for April 6, 2026, at 6:30 PM via modern technology means through the Tadawulaty platform. The meeting agenda focuses on voting on the Board's recommendations regarding the continuation or liquidation of four subsidiary companies: SAR New Mount JV Mining Company (70.0% ownership, 100,000 SAR capital), Newmont Mining Company (49.0% ownership, 4,950,000 SAR investment), Tamouh Al-Qimma Mining Company (99.0% ownership, 1,150,000 SAR investment), and AKM Industries for Development and Industrial Investment (51.0% ownership, 35,000,000 SAR investment made in November 2025). Remote voting will be available starting April 2, 2026, at 1:00 AM, with the meeting requiring at least one quarter of voting rights for quorum.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93759&anCat=1&cs=1324&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/32273_8607_2026-03-16_16-41-45_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/32273_8607_2026-03-16_16-42-07_en.pdfImportant 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.