Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announced on June 10, 2026 the results of its Extraordinary General Assembly meeting held on June 9, 2026, with 45.81% shareholder attendance. The assembly approved cash dividends of SAR 42,000,000 (representing 3.5% of share capital) for fiscal year 2025, to be distributed within 15 working days. Key approvals included SAR 4,750,000 in board remuneration, authorization to purchase up to 889,604 treasury shares for employee stock ownership programs, and the transfer of SAR 360,684,866 from statutory reserves to retained earnings. The meeting also approved multiple related-party transactions totaling over SAR 35 million and extensive amendments to the company's Articles of Association covering governance, capital structure, and general assembly procedures.

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