Riyadh – Mubasher: Sinad Holding Company approved the financial performance for the 2025 fiscal year and authorized several key governance updates during the ordinary General Assembly Meeting (OGM) held on 24 June 2026.
The shareholders ratified the board and audit reports, discharged board members from liability, and appointed Dr. Mohamed Al-Amri & Co. (BDO) as the external auditor for the upcoming financial periods, according to a bourse filing.
A primary focus of the meeting was the review and approval of the company’s financial standing for 2025. Shareholders formally discussed and approved the Board of Directors’ report and the company’s financial statements for that period.
Following these discussions, the assembly approved the external auditor’s report and voted to discharge the members of the Board of Directors from liability for their management during the 2025 fiscal year.
The General Assembly approved the appointment of Dr. Mohamed Al-Amri & Co. (BDO) as the external auditor to be tasked with examining and auditing the financial statements for the second, third, and annual quarters of the fiscal year 2026, as well as the first quarter of 2027. The total fees for these services were set at SAR 460,000 excluding Value Added Tax (VAT).
The assembly also addressed several regulatory and internal governance matters. Shareholders approved the delegation of the Ordinary General Assembly’s powers to the Board of Directors as permitted under Paragraph 1 of Article 27 of the Companies Law. This authorization is valid for one year from the date of approval or until the end of the current board’s term, whichever occurs first, in accordance with the implementing regulations for listed joint-stock companies.
Furthermore, the meeting resulted in the approval of several internal policy amendments. These included updates to the remuneration policy for board members, committee members, and executive management.
The assembly also ratified amendments to the internal charters governing the Audit Committee and the Remuneration and Nominations Committee, aligning the company's internal frameworks with current operational requirements and regulatory standards.
The successful conclusion of the meeting reflects the shareholders' continued endorsement of Sinad Holding’s administrative and financial direction.
By approving the 2025 financial results and securing an external auditor for the 2026 and early 2027 periods, the company maintains its compliance with Tadawul reporting requirements and Saudi corporate governance regulations.
