On June 28, 2026, United Mining Industries Co. announced the results of its Ordinary General Assembly meeting held on June 25, 2026, at 6:30 PM via modern technology from its Jeddah headquarters, with 70.32% shareholder attendance. The assembly approved key resolutions including the appointment of BDO, Dr. Mohamed Al-Amri & Co as auditor for fiscal year 2026 with fees of SAR 315,000, and authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for 2026. Shareholders approved SAR 1,060,000 in Board remuneration for 2025 and ratified several related-party transactions, including deals with Masdar Building Materials Company valued at SAR 4,050,282, Al Rashid Wood Products Factory at SAR 1,869,028, and Al Rashid Cement Company at SAR 1,680,996 for 2025. The meeting also confirmed the appointments of three new non-executive Board members: Mr. Serge Nicolas Bekhaazi, Mr. Paul Christopher Button, and Dr. Markus Haaf, effective May 2026, to serve until the current Board term ends on May 29, 2027.

Original announcement:

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