Al Naqool Shareholders nod for board remuneration, financial performance

ALNAQOOL
9514 -0.11% 87.40 -0.10

Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company announced that its shareholders approved all agenda items during the ordinary general assembly meeting held on 30 June 2026.

The investors voted to approve the payment of SAR 500,000 as remuneration for the members of the board of directors for the fiscal year ended 31 December 2025, according to a bourse filing.

During the session, the assembly reviewed and discussed the board of directors' report, the auditor's report, and the financial statements for the 2025 fiscal period.

The assembly also ratified the board's decision to appoint Fayez Abdullah Ayedh Al Zaidy as an independent director, effective from 17 May 2026.

Al Zaidy will complete the current board term, which is scheduled to end on 14 December 2029, succeeding former member Nizar Saleh Sulaiman Al Saraf.

Additionally, shareholders discharged the board members from liability for 2025.

Earlier in June 2026, the Saudi Capital Market Authority (CMA) ratified Al Naqool’s request to double its share capital through bonus shares.

Source: Mubasher Source: {{details.article.source}}