On June 29, 2026, Watani Iron Steel Co. announced the results of its Ordinary General Assembly meeting held on June 28, 2026, at 7:45 PM at the company's Riyadh headquarters and via the Tadawulaty system. The meeting achieved a 69.398% shareholder attendance rate and approved key agenda items including the Board of Directors' report and financial statements for fiscal year 2025, discharge of the Board from liability, and authorization for certain board members to engage in competing activities. The assembly elected six members to the Board of Directors for a four-year term from July 2, 2026, to July 1, 2030, including Abdulkarim Mohammed Al-Rajhi, Yousef Mohammed Al-Tarif, Meshal Abdulkarim Al-Rajhi, Mashari Abdulkarim Al-Rajhi, Faisal Mohammed Hammad Al-Obaid, and Abdullah Ahmed Saleh Al-Samaani.

Original announcement:

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.