Al Othaim Markets Shareholders Approve Related-Party Contracts

Abdullah Al Othaim Markets Co. said its shareholders approved related-party contracts during the Ordinary General Assembly Meeting (First Meeting) held on Monday.

The approved transactions, scheduled for execution in 2025, include agreements for the supply of food products, telecommunications vouchers, and the leasing of two commercial complexes. The chairman, vice chairman, and certain board members hold indirect interests in the counterparties.

Shareholders also authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026, and discharged the Board members from liability for the year 2024.