Wafrah for Industry and Development Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Wafrah for Industry and Development Co. held its Ordinary General Assembly meeting on June 17, 2026, with a shareholder attendance of 33.55%.
- Shareholders approved the appointment of RSM Allied Accountants Professional Services as the external auditor for fiscal year 2026 and Q1 2027 for a total fee of SAR 370,000.
- Approval was granted to amend the use of proceeds from the May 2022 capital increase, redirecting funds toward operational developments and company priorities.
- The assembly approved the discharge of Board of Directors members from liability for the fiscal year ending December 31, 2025.
