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Jazadco General Assembly Approves 2025 Financials
Jazan Development and Investment Company ("Jazadco") approved the financial statements for 2025 after convening its Ordinary General Assembly. The assembly approved the financial performance report, appointed an external auditor with a fee of 550,000 SAR, and allocated a reward of 700,000 SAR to the board members for the fiscal year 2025. The assembly also discussed the company's dealings with related parties during 2025, including commercial transactions with the National Aquaculture Group valued at 358,408 SAR. The voting supported the participation of Board Member Jaber bin Mohammed Al-Suhaili in a competing business. The assembly concluded by authorizing the Board of Directors with the necessary powers for one year.
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