Wajd Life shareholders ratify statutory reserve transfer, other agenda items

WAJD LIFE
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Riyadh – Mubasher: Wajd Life Trading Company announced that its extraordinary general assembly (EGM) approved the transfer of the entire statutory reserve to its retained earnings account.

The transfer involves a balance of SAR 300,000 as recorded in the financial statements for the 2025 fiscal year, according to a bourse filing.

The meeting, held on 30 June 2026, resulted in the approval of the auditor's report and the discharge of board members from liability for the 2025 fiscal year.

Shareholders also ratified the appointment of Turki Abdulmohsen Al Luhaid and Saleh Abdullah Al Yahya – Certified Public Accountants and Auditors, as the company's external auditor to examine, review, and audit income statements.

The auditing services will be for the interim financial statements for the six-month period ended on 30 June 2026 and the annual financial statements for the financial year ending on 31 December 2026, for a total fee of SAR 304,000.

The assembly was attended by Chairman Abdulrahman bin Abdulaziz Al-Obaikan and Vice Chairman Mishal bin Mohammed bin Owain. The session commenced at 19:55 via modern technology means, ensuring the necessary quorum for the resolutions presented on the agenda.

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