On May 21, 2026, Saudi Industrial Investment Group announced the results of its Extraordinary General Assembly meeting held on May 20, 2026, at 7:00 pm via the Tadawulaty platform with 50.1% shareholder attendance. The assembly approved several key resolutions including SAR 2.3 million in board director remuneration for fiscal year 2025, delegation of authority to the board to declare interim dividends for 2026, and authorization for the company to purchase up to 10 million of its own shares as treasury shares. The share buyback program, funded by the company's own resources, will be executed within 18 months with shares held for a maximum of five years, as the board believes the market price is below fair value.

Original announcement:

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.