The General Assembly of “Al-Naqul” approves the election of 5 members to the Board of Directors
The Board of Directors of Muhammad Hassan Al-Naqul Sons Company announced the outcome of the extraordinary general assembly meeting, which was held yesterday, Wednesday.
The company said in a statement on its website: "Saudi Arabia trading"The results of the vote on the Assembly’s agenda included:
1- Approval of the election of members of the Board of Directors from among the candidates for the next session, which begins on the date of: 12/15/2025 AD and lasts for 4 years and ends on the date of: 12/14/2029 AD.
The members are: Majid Al-Naqul, Muhammad Al-Mutairi, Turki Al-Naqul, Hatem Al-Shalali, and Nizar Al-Sarraf.
2- Approval to amend the work regulations of the Audit Committee.
3- Approval to appoint Maham Professional Consulting Company as an auditor for the company and its subsidiaries based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the first, second, third and annual quarters of the fiscal year 2026 AD, and the (first) quarter of the year 2027 AD for a fee of: 427,000 riyals, excluding value added tax.
4- Approval to transfer the balance of the statutory reserve amounting to (2,643,206) riyals as in the mid-term financial statements 06/30/2025 AD to the balance of retained earnings.
5- Approval of the Board of Directors’ decision to appoint Hatem Hamza Ali Al-Shalali as a member of the Board of Directors in place of the resigned member Saad Rashid Manea Al-Shabrami.
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