May 08: EIC Assembly Authorises BOD to Distribute Interim Dividends for 2025

The Electrical Industries Co. (EIC) announced on Wednesday that its Board of Directors invited shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), scheduled for May 08, via modern technology.

According to the Company’s statement on Tadawul, the vote will authorise the Board of Directors to distribute interim dividends semi-annually or quarterly for 2025, vote to discharge the Board of Directors from liability for 2024, and appoint the Company’s auditor to review the financial statements for the second and third quarters of 2025 and the first quarter of 2026 and determine their remuneration.

The items include voting on the involvement of Mr. Yousef ALQuraishi, Chairman of the Board of Directors, in a business that competes with the Company’s business, and the involvement of Mr. Faisal ALQuraishi, Board Member, in a business that competes with the Company’s business.