Cisco’s general assembly approves the distribution of 65.28 million riyals for 2025… and elects a new board of directors

The Board of Directors of the Sustainable Infrastructure Holding Company (SISCO Holding) announced the results of the Ordinary General Assembly (first 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:

– Viewing the Board of Directors’ report for the fiscal year ending on 12/31/2025 AD, and discussing it.

– Viewing the company’s consolidated financial statements for the fiscal year ending on 12/31/2025 AD, and discussing them.

– Approving the company’s auditor’s report for the fiscal year ending on 12/31/2025 AD after Discussed.

– Approval to discharge the members of the Board of Directors from the responsibility of managing the company for the fiscal year ending on 12/31/2025.

– Approval to appoint Ernst & Young (EY) for a fee of (290,000) Saudi riyals, excluding value-added tax, as an external auditor, to examine, review and audit the company’s financial statements for the second and third quarters, the annual for the fiscal year 2026, and the first quarter of the fiscal year. 2027 AD.

– Approval of the Board of Directors’ authorization for its new session, which begins on 07-01-2026 AD, to distribute interim dividends on a semi-/quarterly basis for the fiscal year 2026 AD.

– Approval of the Board of Directors’ recommendation to distribute cash dividends to shareholders in the amount of (65,280,000) riyals, for the financial period ending on December 31, 2025 AD, at a rate of (8%) of the nominal value. per share at a rate of (0.8) riyals per share for (81,600,000) shares, provided that the eligibility is for shareholders who own 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 (Edaa Center) at the end of the second trading day following the date of the General Assembly, provided that the distribution of profits begins on Tuesday, June 30, 2026 AD.

– Approval of the business and contracts concluded between the company Red Sea Gateway Terminal is a subsidiary of"Cisco Holdings") and company "Karam Al Arabi Catering" (A sister company to Xenel Industries Ltd.) Note that Xenel Industries owns a share of 14.69% of the company’s capital "Cisco Holdings " In which Amer Abdullah Zainal Ali Reda has an indirect interest as a member of the Board of Directors of Zainal Industries Limited, and Chairman of the Board of Directors of the Red Sea Gateway Terminal and Red Sea Gateway Terminal companies."Cisco Holdings". The value of the transactions amounted to 20,465,331 riyals for the year 2025 AD, and represented the costs of purchasing goods and services, including catering and managing employee housing for the Red Sea Gateway Station Company, and they were carried out on a commercial basis without any preferential terms.

– Approval of the business and contracts concluded between the International Water Distribution Company Limited. "distribution" An associate company of a company "Cisco Holdings" Kindasa Water Services Company is a subsidiary of "Cisco Holdings" Note that Cisco Holding Company owns a 65% share in the capital of Kindasa Company (in which engineer Saleh Ahmed Hafni has an indirect interest as a member of the board of directors of the company). "Cisco Holdings"(and member of the Board of Directors of the Board of Directors of a distribution company), the value of transactions amounted to 63,434,648 riyals for the year 2025 AD, which was represented in the sale of water from a company "Kindasa" For water services in addition to expenses incurred previously "Cisco Holdings" On behalf of the International Water Distribution Company, these transactions were carried out on commercial grounds without any preferential terms.

– Approval of the business and contracts concluded with the Iktva Society for Research and Social Studies, in which Amer Abdullah Zainal Ali Reda, Chairman of the Board of Directors of Cisco Holding, has an indirect interest, as Dr. Lina Mirdad voluntarily holds the position of Chairman of the Strategic Planning Committee in the Iktva Society and is the wife of Amer Abdullah Zainal Ali Reda, Chairman of the Board of Directors of Cisco Holding. The value of the transactions amounted to 250,000 riyals for the year 2025 AD and represented a donation transaction, and these transactions were carried out without any preferential conditions.

– Approval of disbursing an amount of (3,520,000) riyals, as rewards and compensation for members of the Board of Directors and the committees emanating from it for the financial year ending on December 31, 2025 AD.

– Approval on the election of members of the Board of Directors from among the candidates applying for the next session, which It begins on July 1, 2026 AD, and its duration is
4 years, ending on June 30, 2030 AD.

The members are: Amer Zainal, Eng. Rayan Naqadi, Munira Al-Dosari, Talal Al-Dakhil, Nader Ashour, Ahmed Al-Rabiah, Osama Banaja.

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