Tharwah Authorizes Board to Distribute Interim Dividends for FY2025

Altharwah Albashariyyah Co. announced on Sunday that shareholders approved authorizing the Board of Directors to distribute interim dividends on a semiannual or quarterly basis for the fiscal year ending Dec. 31, 2025.

The decision came during the company’s Ordinary General Assembly Meeting held on Thursday.

Key resolutions passed during the meeting include:

• Approval of the auditor’s report, Board report, and financial statements for FY2024.
• Discharge of board members from liability for FY2024.
• Appointment of Maham Professional Consulting as external auditor for FY2025, with a contract value of SAR 410,000.
• Authorization for the Board to issue licenses in accordance with Article 27 of the Companies Law for one year.
• Approval for board member H.E. Eng. Osama Abdulaziz Abdullah AlZamil to engage in a competing activity.
• Amendments to the Audit Committee Charter and approval of the Competition Standards and Guidelines Policy.