Rawaasi shareholders oppose auditor report and board bonuses

Rawaasi Building Investment Company submitted the results of the Ordinary General Assembly meeting held on August 17. Most of the agenda items were rejected, including the auditor’s report, the members' board of directors' remuneration, and the distribution of future profits. Additionally, the appointment of a new auditor was canceled after the withdrawal of Al-Zuman, Al-Fahad, and Al-Hajj firms. The assembly also rejected the proposal to pay a bonus of 630.67 thousand riyals to the board members and did not approve authorizing the board to distribute semi-annual or quarterly profits for 2026. Furthermore, the appointment of a new independent member was not approved, reflecting shareholders' reservations about the company's management and financial plans.

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