The “Al -Lajen” general assembly agrees to the profit distribution policy for two years

Today, Al -Lajen Company announced the results of the 36th General Assembly (the first meeting) held on Sunday.
The company said in a statement on Saudi Arabia’s circulation: The results of the voting on the association’s agenda included:
1. See the company’s board’s report for the fiscal year ending on December 31, 2024 AD, and discuss it.
2. See the financial statements for the fiscal year ending on December 31, 2024 AD and discuss them.
3. Approval of the company’s audit auditor’s report on the financial year ending on December 31, 2024 AD, after its discussion.
4. Approval of the company’s profit distribution policy for the years 2025 AD and 2026 m, which is:
. Distribution of profits to the company’s shareholders by 0.75 riyals per share per quarter year, for the next two years, starting with the distributions of the first quarter of the year 2025 AD and ending with distributions of the fourth quarter of the year 2026 AD, and the continuity of the profit distribution policy is subject to change based on the following:
. Any fundamental changes in the company’s strategy and business.
. Increase the company’s future investments and projects.
. Any current or future obligations to financing agencies related to financing the company’s projects.
5. Approval of the Board of Directors to distribute interim profits in a semi-annual or quarterly basis for the fiscal year ending on 12-31-2025 AD.
6. Lack of approval to appoint the company’s external auditor.