Aslak GA Authorises BOD to Distribute Interim Dividends for 2025

The Board of Directors of the United Wire Factories Co. (Aslak) announced on Tuesday the results of the Ordinary General Assembly Meeting (First Meeting), which included approval of the Board of Directors’ authorisation to distribute interim dividends on a semi-annual or quarterly basis for 2025, as well as approval of related contracts and activities.

The Audit Committee’s Bylaws and the nominations and remuneration Committee’s Bylaws were also approved, along with a bonus of SAR 1.2 million for 2024 for Board Members.