The General “National Building and Marketing” is acknowledging the non -distribution of profits for the year 2024
The Board of Directors of the National Building and Marketing Company announced today, the results of the regular general assembly meeting (the first meeting), which was held last Thursday. The company’s accounts for the fiscal year ending 01/31/21/2024 AD after its discussion. This is to examine, review and audit the financial statements for the quarter (second, third and annual of the fiscal year 2025 AD, and the quarter (first) of the fiscal year 2026 AD, and to determine his fees in the amount of (2,130,000) riyals. 12/12/2024 AD. Al-Khwaiter) as a (non-executive) member of the Board of Directors starting from the date of his appointment on 01/14/2025 AD to complete the council’s session until the date of the current session on 03/06/2028 AD, succeeding the former member of Professor (Ayman Abdullah Al-Qadi as a non-executive member). From the date of his appointment on 01/24/2025 AD to complete the council’s session until the date of the current session on 03/06/2028 AD, succeeding the former member (Osama Suleiman Al-Sudais in his capacity as an independent member). It is (payment of expenses, suppliers, and value-added tax on behalf and financing from the owners) in the amount of 43,633,650 riyals, and this contract was carried out without conditions or preferential benefits. It is contract revenues for 650 million riyals, knowing that the value of the transactions that took place during the year 2024 AD was 104,502,354 million riyals. This contract was made without conditions or preferential benefits. In it, it is (payment of expenses, suppliers, and value-added tax on behalf and financing from the owners) in the amount of 30 million riyals, knowing that the value of the transactions that took place during the year 2024 AD was in the amount of 25,768,493 million riyals. This contract was carried out without conditions or preferential benefits. The twentieth of the corporate system, for a year from the date of the approval of the General Assembly or until the end of the authorized board of directors, whichever is earlier, according to the conditions mentioned in the executive regulations of the system of companies for the joint stock companies listed.
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