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Arabica Star shareholders approve profit distribution
The Arab Star Company Association refused to discharge the Board of Directors for the fiscal year 2025 during its meeting held remotely with the attendance of 80.97% of the shares. They decided not to approve this, reflecting a supervisory role by the shareholders. Additionally, they approved the appointment of "Hulool Krou Professional Consulting" as the auditor for 2026 at a fee of 200,000 riyals, and authorized the distribution of interim profits on a quarterly or semi-annual basis in 2026 to enhance liquidity management and returns flexibility.
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