What was the shareholder attendance rate?

Shareholder attendance was 52.87%.

Who was appointed as WSM's auditor for 2026?

Professional Consultants Company was appointed as auditor with fees of 210,000 Saudi Riyal.

WSM Shareholders Authorize Board for Interim Dividend Distributions in 2026

Q: Will interim dividends be distributed regularly?

Yes, the board is authorized to distribute interim dividends semi-annually or quarterly, allowing for more regular payouts.

WSM for Information Technology Co. (Ticker: 9595) announced the results of its Ordinary General Assembly meeting held on June 22, 2026, where shareholders approved authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026, in addition to adopting the financial statements for FY 2025 and appointing the auditor.

June 23, 2026

2 min read

Source: Saudi Exchange

Key Numbers

attendance

52.87%

audit fee

210,000 SAR

WSM for Information Technology Co. (Ticker: 9595) announced the results of its Ordinary General Assembly meeting held on June 22, 2026, at the company's headquarters in Riyadh, with 52.87% shareholder attendance.

Meeting Details

The assembly approved the auditor's report and financial statements for the year ended December 31, 2025. It also appointed Professional Consultants Company as auditor for 2026 with fees of 210,000 Saudi Riyal.

Dividend Authorization

Shareholders authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026. Additionally, the assembly approved the participation of board member Eng. Adel Saud Al Mansour in competing business activities.

Context

This decision aims to enhance shareholder returns, as the flexibility in interim dividend distribution allows the company to adapt to cash flows and provide more regular payouts.

What This Means for Investors

The authorization of interim dividends signals management's confidence in future cash flows and may increase the stock's appeal to income-focused investors.

Frequently Asked Questions

The General Assembly authorized the board to distribute interim dividends semi-annually or quarterly for 2026, adopted FY 2025 financial statements, and appointed an auditor.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.