Al-Omran GA Approves Election of 5 BOD Members

Al-Omran Company for Industry and Trade announced on Tuesday the results of its Ordinary General Assembly Meeting (First Meeting). The meeting agenda included approval of the election of Board members for the new term, which begins on September 17, 2025, and ends on September 16, 2029, from among the candidates, for a period of four years. The following were elected:

– Mr. Mohammed Omran Al-Omran;

– Mr. Nasser Mohammed Nasser Bin Omran;

– Mr. Abdulrahman Mohammed Nasser Bin Omran;

– Mr. Ahmed Abdullah Abdul Aziz Al-Fuhaid; and

– Mr. Saud Abdul Aziz Al-Fulaij.

The remaining voting results on the Assembly’s agenda were as follows:

– Review and discussion of the Board of Directors’ report for the year ending Dec. 31, 2024;

– Review and discussion of the company’s consolidated financial statements for the fiscal year ending Dec. 31, 2024;

– Approval of the auditor’s report for the year ending Dec. 31, 2024, after discussion;

– Approval of the appointment of the company’s auditor (Al-Kharashi & Partners – Mazars) from among the nominated candidates, based on the audit committee’s recommendation, to examine, review and audit the financial statements for the second and third quarters and the annual financial statements for the year 2025 and the first quarter of 2026. Their remuneration was set at SAR 345,000, excluding Value-Added Tax (VAT);

– Approval of the disbursement of SAR 300,000 to the members of the Board of Directors for the fiscal year ending Dec. 31, 2024;

– Approval of the business and contracts concluded between the company and Abbad Real Estate Investment Company, in which Board members Mr. Mohammed Omran Al-Omran, Mr. Nasser Mohammed Nasser Bin Omran and Mr. Abdulrahman Mohammed Nasser Bin Omran have an indirect interest. These contracts comprise the rental of the company’s employee housing and warehouses. Transactions in 2024 amounted to SAR 1.18 million without preferential terms; and

– Approval of the discharge of the members of the board of directors from liability for the fiscal year ending Dec. 31, 2024.