MIS Approves Interim Dividend Distribution for 2024

The Board of Directors of Al Moammar Information Systems Co. (MIS) announced on Tuesday the results of the Ordinary General Assembly Meeting (First Meeting) held at 07:00 PM on Monday, 20/05/2024, through modern technology means.

Voting Results:

The Board of Directors’ report for the fiscal year ending 31/12/2023 was reviewed and discussed.

Approval of the company auditor’s report for the fiscal year ending 31/12/2023 after discussion.

The financial statements for the fiscal year ending 31/12/2023 were reviewed and discussed.

Approval of the appointment of Messrs. Mohamed Al Omari & Partners (BDO) as accountants and legal auditors for a fee of 890,000 Saudi Riyals, excluding VAT, based on the recommendation of the Audit Committee to review and audit the second, third quarters and annual financial statements of 2024 and the first quarter of 2025.

Approval of discharging the Board members from liability for the fiscal year ending 31/12/2023.

Approval of a payment of 1,270,000 Riyals as remuneration for the Board members for the fiscal year ending 31/12/2023.

Approval to authorize the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2024.

Approval of amendments to the dividend distribution policy.