Fadeco Shareholders Authorize Board to Distribute Interim Dividends for FY2025

Arabian Food and Dairy Factories Co. (Fadeco) announced the results of its Ordinary General Assembly Meeting (first meeting), held on July 27, 2025. Shareholders approved authorizing the Board of Directors to distribute interim dividends—on a semi-annual or quarterly basis—for the fiscal year ending December 31, 2025.

Other resolutions passed at the meeting included:

1. Approval of the external auditor’s report for the fiscal year ended December 31, 2024, following its review and discussion.

2. Review and discussion of the Board of Directors’ report for the fiscal year 2024.

3. Review and discussion of the company’s financial statements for the fiscal year 2024.

4. Approval to discharge Board members from liability for the fiscal year ended December 31, 2024.

5. Approval to appoint Baker Tilly MKM & Co. – Certified Public Accountants as the company’s external auditor for the first half and full-year financial statements of FY2025, based on the Audit Committee’s recommendation, with total audit fees of SAR 255,000.

6. Approval to disburse SAR 1 million in remuneration to the Board of Directors for the fiscal year 2024.