Multi Business Group Authorises BOD to Distribute Interim Dividends for 2025

The Board of Directors of the Multi Business Group Co. announced on Sunday the results of the Ordinary General Assembly Meeting (First Meeting), which included approval to authorise the Board to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2025.

According to a statement on Tadawul, the meeting also approved the auditors’ report for the fiscal year ending December 31, 2024, following discussion, and discharged the Board of Directors from liability for the same period.

The Meeting further approved the appointment of Maham Professional Consultancy Company as the Company’s auditor from among the nominated candidates, based on the recommendation of the Audit Committee, to examine, review and audit the semi-annual and annual financial statements for the fiscal year ending December 31, 2025. The auditor’s fee was set at SAR 155,000. The Meeting also approved the disbursement of SAR 227,000 as a reward to the members of the Board of Directors for the fiscal year ending December 31, 2024.