Almunajem Greenlights Contracts and Business Engagements

The Board of Directors of Almunajem Foods Company disclosed the outcomes of the voting on agenda items during the Extraordinary General Assembly Meeting (First Meeting) held on Monday. The decisions encompassed the approval of the External Auditors Report for 2023, the exoneration of Board members, and the allocation of a remuneration totaling (1,500,000) SAR to the Board for 2023.

Furthermore, the Board was entrusted with the authority to distribute interim dividends semi-annually or quarterly for the fiscal year 2023. Additionally, amendments to the company’s Bylaws to align with the new companies’ Law were ratified. Notably, the Board also endorsed the contracts and business dealings conducted between the company and external entities.