The Ataa General Assembly approves the distribution of 63 million riyals in profits for the year 2025

Ataa Educational Company announced the results of the extraordinary general assembly meeting (first meeting), which was held yesterday, Wednesday.

The company said in a statement on its website: "Saudi Tadawul: The results of the vote on the assembly’s agenda included:

First item: Reviewing the Board of Directors’ report for the fiscal year ending on July 31, 2025 AD and discussing it.

Second item: Approving the company’s auditor’s report for the fiscal year ending July 31, 2025 AD after discussing it.

Third item: Reviewing the company’s financial statements for the fiscal year ending July 31, 2025 AD. And discuss it.

Fourth item: Approval to discharge members of the Board of Directors from liability for the fiscal year ending on July 31, 2025.

Fifth item: Approval of the Board of Directors’ recommendation to distribute dividends to shareholders for the fiscal year ending on July 31, 2025, with a total value of (63,130,823) riyals, with the share of each share being (1.5) riyals, and a percentage of (15%) of the capital. The money paid.

The eligibility shall be for the shareholders who own the shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholder registry with the Securities Depository Center Company (the Depository Center) at the end of the second trading day following the entitlement date, provided that the dividends are distributed as of Wednesday 23 Shaban 1447 AH corresponding to February 11, 2026 AD.

Item Six: Approval of the business and contracts concluded between the company and Dr. Ahmed bin Nasser Al-Mutab during the fiscal year ending on July 31, 2025 AD, in which board member Farah bint Ahmed Al-Mutab and board member Reem bint Ahmed Al-Mutab have an indirect interest, which are lease contracts for Middle East complexes with a total value of (13,014,000) Saudi riyals, without preferential conditions. For the fiscal year ending on July 31, 2025 AD.

Eighth Clause: Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions contained in the Executive Regulations of the Companies Law for listed joint stock companies.

Item Nine: Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly to authorize stipulated in Paragraph (2) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the authorized Board of Directors, whichever comes first, within the scope of the company’s educational activities, which include pre-primary education, primary education, general and technical secondary education, and any other educational activities that the company is licensed to practice in accordance with its bylaws, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint stock companies.

Item Ten: Approval of authorizing the Board of Directors to distribute interim dividends to shareholders in a manner Semi-annually or quarterly for the fiscal year 2025 AD – 2026 AD.

Item Eleventh: Approval of the appointment of RSM United Accountants for Professional Consultations as the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review, and audit the financial statements for the quarter (second, third, and fourth) and annual for the fiscal year ending on July 31, 2026 AD, and the first quarter of the fiscal year ending on July 31, 2027 AD, and determine his fees (1,550,000) riyals.

Item Twelve: Approval of transferring the balance of the statutory reserve amounting to 51,060,154 million riyals as in the financial statements for the year ending on July 31 2025 AD to the retained earnings balance.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter