Ayaan Investment approves contracts and works with related parties

The Board of Directors AYYAN Investment Co. announced on Sunday the results of the Ordinary General Assembly meeting (the first meeting), which was held virtually by modern technology means on Thursday, June 8, 2023, at 18:30, by means of modern technology using Tadawulaty system.

The items included approval of the business and contracts that took place between the company and Al-Othman Holding companies, which is the major shareholder and which Board member Mr. Ahmed bin Abdullah Al-Khayyal has an indirect interest as he was during the year represents one of the Senior Executive in Al-Othman Holding Company, which is the financing of one of the subsidiaries (Al-Salam Medical service company ) without any financing costs at a value of SAR.12,700,000 This is during the year 2022 to complete some Construction works for Al-Salam Hospital project in Al-Khobar without any financing costs.