Hilwa Water discloses OGM results

HILWA
9532 -1.70% 2.31 -0.04

Riyadh – Mubasher: Aljouf Mineral Water Bottling Company, operating under the brand name Hilwa Water, announced the results of its Ordinary General Assembly meeting which saw the ratification of the board and auditor reports alongside the financial statements for 2025, according to a bourse filing.

Shareholders also approved the appointment of Al Zoman, Al Fahad & Al Hajjaj for Professional Consulting as the company’s external auditor for the 2026 fiscal year. The firm will review and audit semi-annual and annual financial statements for a total fee of SAR 234,000 excluding value-added tax.

The assembly, which was held on 30 June 2026, also authorized business contracts involving Chairman Ashry Saad Al Ashry.

The agreements include an interest-free financing deal valued at SAR 17.72 million that is payable on demand.

The disclosure noted that the outstanding credit balance due to the Chairman reached SAR 29.67 million for the 2025 period.

Additionally, the board of directors was discharged from liability for the 2025 fiscal year.

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