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Nama for Chemicals Considers External Auditor
Namaa Chemicals Company has decided to hold its Ordinary General Assembly Meeting on September 7, 2026, to discuss the appointment of a new external auditor and to approve the appointment of an independent member to its Board of Directors. Voting on the auditor selection will be between Ibrahim Ahmed Al-Bassam & Partners, which submitted an offer with fees of 1.38 million Riyals, and Talal Abu-Ghazaleh & Partners, which offered 1.165 million Riyals. Shareholders will also discuss the appointment of Mishaal bin Abdulrahman Al-Raqeeb as an independent board member, to complete his term ending in February 2029, after he began his role in December 2025. The system stipulates that the quorum for the meeting is the presence of at least 25% of the company's capital, which amounts to 235.2 million Riyals. A second session can be held if the quorum is not met. Voting will be conducted electronically via the "Tadawulaty" service from 1 a.m. on September 5 until the time of the assembly.
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