Riyadh — Mubasher: Rimath Hospitality Company, formerly known as Intelligent Oud Trading Company (iOud) before rebranding earlier in 2026, announced the results of its Ordinary General Assembly meeting (OGM) which was held on 26 August 2026.
Shareholders representing 73% of the company’s capital attended the meeting, which was conducted both in-person at the company headquarters in Riyadh and via modern technology, according to a bourse filing.
The assembly approved the appointment of Al Zoman, Al Fahad & Al Hajjaj for Professional Consulting as the external auditor.
The firm will be responsible for examining and auditing the semi-annual and annual financial statements for the 2026 fiscal year, with total fees for these services set at SAR 295,000.
The appointment followed a voting process where Al Zoman, Al Fahad & Al Hajjaj received 91.92792% of the votes.
Other candidates included Sultan Ahmed Al Shubaili (PKF Al-Bassam), which received 5.31743% of the vote, and Al Sayed El Ayouty & Co (Moore).
Abstentions accounted for 2.75465% of the total votes. Rimath noted that the meeting was attended by board members including Chairman Mohammed bin Abdulrahman Al Dulaimi and Audit Committee Chairman Suhail bin Abdullah Hayyan.
