Saudi Industrial Export Calls Shareholder Vote on Director Dismissal

SIECO

SIECO

4140.SA

0.00

Saudi Industrial Export Co. announced on March 15, 2026 that it will hold its 41st Ordinary General Assembly Meeting on April 9, 2026 at 18:30 at the company headquarters in Riyadh. The meeting was called at the request of shareholders holding at least 10% of the capital to vote on dismissing Board Member Saleh Ghodaier Saleh Al-Rashaid. The dismissal is sought due to his failure to disclose legal cases and contracts in Q3 2025 financial statements and his undisclosed conflict of interest regarding the company's 70 million Riyal investment in FAAD Industrial Fund. Shareholders can attend in-person or remotely via the Tadawulaty platform, with electronic voting available from April 5, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93700&anCat=1&cs=4140&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/31873_449_2026-03-15_08-02-00_en.pdf

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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