Anmat shareholders refuse to discharge board members from liability

Meanwhile, shareholders approved the remaining agenda items, including the auditor’s report for 2024.

They further approved authorizing the board with the powers of the ordinary general meeting (OGM) as regards the license referred to in paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of the meeting approval or until the end of the authorized board term, whichever comes first. This approval is in line with the conditions set forth in the regulatory rules and procedures issued in implementation of the Companies Law for listed joint stock companies.

Furthermore, shareholders endorsed a number of related-party transactions, including transactions carried out during 2024, between the company and Chairperson Dima Ayman Aqilan (a related party). This relates to SAR 25.8 million financing provided by the Chairperson last year. The financing does not include any preferential conditions, with the partner’s net balance standing at zero at year-end.