Zamil Industrial GA approves transaction and contracts with relevant party

Zamil Industrial Investment Company announced the results of the General Assembly Meeting (First Meeting), which was held virtually at 19:00 on Wednesday, 17 May 2023, after securing the required quorum.

Voting Results;

Approval on the related party transactions between the company and Zamil Group Holding Company, in which Mr. Sattam A. Al Zamil, a member of the Board of Directors, has an indirect interest. Total purchase value in 2022 was SAR 32,7 million and was agreed upon with the prevailing commercial terms.