Fad International Calls General Assembly Meeting for June

Fad International Co. (Ticker: 9589) announced on May 18, 2026 that its Board of Directors is inviting shareholders to attend the Ordinary General Assembly Meeting (First Meeting) scheduled for June 16, 2026 at 7:00 PM in Jeddah City, with both physical and remote attendance options available.

Meeting Details

The meeting agenda includes several key items:

• Voting on the external auditor's report for the fiscal year ended December 31, 2025.
• Approval of Board remuneration amounting to SAR 913,120.
• Approval of cash dividend distribution of SAR 6,000,000 (SAR 5 per share, representing 50% of share capital) for the year ended December 31, 2025.
• Appointment of external auditors for the fiscal year 2026.
• Authorization of interim dividend distributions by the Board.
• Approval of related-party transactions with:
  • Femi Nine Bahrain Establishment (SAR 998,603).
  • FAD China Company (SAR 3,210,846).
  • These transactions involve Managing Board Member Mr. Eyad Abdullah Suleiman Mashat.

Context

This meeting is part of the disclosure of financial results for 2025, as the company seeks shareholder approval for dividend distribution and related-party transactions. The proposed dividend of 50% of share capital indicates positive financial performance.

What This Means for Investors

Shareholders should review the agenda carefully and participate in voting either in person or remotely. Approval of the dividend will provide a cash return to shareholders, while the related-party transactions reflect transparency and governance.