L’azurde Shareholders Reject Board Discharge for 2024

L’azurde Co. for Jewelry said on Sunday its shareholders rejected a proposal to discharge the Board of Directors from liability for the fiscal year 2024 during its Ordinary General Assembly (second meeting).

Other key decisions included:

• Approval of the FY 2024 auditor’s report and appointment of PKF Al-Bassam as external auditor for FY 2025 and Q1 2026, with a fee of SAR 995,000.

• Approval of the board’s recommendation not to distribute FY 2024 dividends.

• Authorization of the board to distribute interim dividends in FY 2025.

• Rejection of delegation of certain powers under Article 27 of the Companies Law to the board.