| Element List | Explanation |
|---|---|
| Introduction | Star Arabia Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 6:30 PM on Thursday, 03/01/1448 AH, corresponding to 18/06/2026 AD, at the company's headquarters located in Qassim - Buraidah - King Khalid Road - via modern technology - using Tadawulaty services; after the legal quorum for the validity of the meeting was met. |
| City and Location of the General Assembly's Meeting | At the company's headquarters located in Qassim - Buraidah - King Khalid Road - through modern technology - using Tadawulaty services |
| Date of the General Assembly's Meeting | 2026-06-18 Corresponding to 1448-01-03 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 80.97% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Abdulaziz Abdullah Abdulaziz Al-Muqaitib - Chairman of the Board 2. Dr. Yasser Hamoud Mohammed Al-Hamoud - Vice Chairman of the Board 3. Mr. Mohammed Hamoud Mohammed Al-Hamoud - Managing Director and CEO 4. Mr. Mohammed Abdullah Hamad Al-Arfaj - Board Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Professor/ Mohammed Abdullah Hamad Al-Arfaj - Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 2. Review and discussion of the Board of Directors' report for the fiscal year ending December 31, 2025. 3. Review and discussion of the company's financial statements for the fiscal year ending December 31, 2025. 4. Rejection of the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025. 5. Approval of the appointment of Crew Solutions Professional Consulting Company as the company's auditor, from among the candidates recommended by the Audit Committee, to examine, review, and audit the company's interim financial statements for the first half ending June 30, 2026, and the annual financial statements ending December 31, 2026, for a fee of SAR 200,000 (two hundred thousand Saudi Riyals). 6. Approval to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending on December 31, 2026. |
Arabica Star Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders rejected the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025, during the Ordinary General Assembly held on June 18, 2026.
- The Board of Directors was authorized to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the 2026 fiscal year.
- Crew Solutions Professional Consulting Company was appointed as the external auditor for the 2026 interim and annual financial statements for a fee of SAR 200,000.
- The assembly approved the auditor's report and reviewed financial statements for the fiscal year ending December 31, 2025, with a shareholder attendance rate of 80.97%.
