MOBI Industry General Assembly Approves Auditor Appointment and Financial Statements

MOBI Industry Company (Ticker: 9517) announced the results of its Ordinary General Assembly Meeting held on June 25, 2026, at the company headquarters in Riyadh, with 51.83% shareholder attendance.

Details

The assembly approved the following agenda items:

• Approval of financial statements and Board of Directors' report for the fiscal year ended December 31, 2025.
• Delegation of authority to the Board to distribute interim dividends (cash or shares) for fiscal years 2026 and 2027, in accordance with regulatory procedures.
• Appointment of auditor Al-Lahiad & Al-Yahya Company to audit the financial statements for Q2, Q3, and annual 2026, and Q1, Q2, Q3, and annual 2027, at a fee of 430,000 SAR.
• Absolution of Board members from liability for the 2025 fiscal year.

All Board members and committee chairmen attended the meeting.

Context

These approvals are part of the company's regular regulatory procedures. Appointing an auditor ensures transparency and compliance with Capital Market Authority requirements.

What It Means for Investors

The general assembly results demonstrate the company's continued commitment to governance and disclosure. The delegation of interim dividend authority may provide greater flexibility in future dividend policy.