Saudi Cable Approves SAR 108M Contract Deal

SAUDI CABLE

SAUDI CABLE

2110.SA

0.00

Saudi Cable Co. announced on June 16, 2026 the results of its Ordinary General Assembly Meeting held on June 15, 2026 at the company's headquarters in Jeddah with 40.763% shareholder attendance. The meeting approved multiple board appointments including Faris bin Mansour Al-Rajhi as Executive Member and four other directors to complete terms until April 3, 2027, replacing resigned members. Shareholders approved a SAR 107,939,314.85 loan contract with Ibrahim bin Mansour bin Mohammed Al-Rajhi and appointed Professional Advisors Company - Forvis Mazars as auditor for fiscal years 2026-2027 with fees of SAR 850,000 excluding VAT.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96126&anCat=1&cs=2110&locale=ar

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.

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