Cinemory Retail Approves New Board and Funding

Syonomy Retail Company approved the election of a new Board of Directors for a four-year term during its extraordinary general assembly. It also approved a loan agreement of 1.35 billion riyals with Al-Futtaim Private to finance operations, along with the financial statements, amendments to the company's bylaws, and the receipt of external audit services from PricewaterhouseCoopers. Additionally, the meeting approved contracts with related parties and the distribution of bonuses to the board members.

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