Alhasoob AGM Approves SAR 130,000 Board Remuneration for 2025

On June 16, 2026, Alhasoob Co. (Ticker: 9522) announced the results of its Ordinary General Assembly meeting held on June 15, 2026, at the company's Riyadh headquarters with 80.71% shareholder attendance.

Key Approvals

• Board Remuneration: The assembly approved SAR 130,000 annual remuneration for Board of Directors members for fiscal year 2025.
• Auditor Appointment: RSM United Accountants Professional Consulting Company was appointed as auditor for periods ending June 30, 2026 and December 31, 2026, with total fees of SAR 155,000 excluding VAT.
• Interim Dividend Authorization: The board was authorized to distribute interim dividends on a semi-annual or quarterly basis for fiscal year 2026.
• Board Discharge: Discharge of Board members from liability for fiscal year 2025 was approved.
• Board Authority: The board was granted authority under Article Twenty-Seven of the Companies Law for one year.
• Related Party Transactions: Business transactions with Chairman Hamad Ibrahim Al-Luhaidan valued at SAR 60,638 for the previous year were approved.

Context

These approvals are part of the company's annual regulatory procedures and reflect its commitment to corporate governance. No financial guidance or quarterly earnings were announced in this release.

What This Means for Investors

These decisions are routine governance measures that enhance transparency. The authorization for interim dividends may signal a move toward more regular distributions, but it does not guarantee actual payouts.