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OJC shareholders approve 2026 profit distribution
The Ordinary General Assembly of Aluikan Glass Company approved authorizing the Board of Directors to distribute interim dividends for the fiscal year 2026. It also approved the Board’s reports and the financial statements for the year ending December 31, 2025, and agreed to allocate bonuses to members amounting to 1.184 million riyals. Additionally, a company was appointed as the external auditor to review the financial statements for 2026 at a fee of 635,000 riyals. An agreement was approved for a sale and service contract valued at up to 66.39 million riyals with Aluikan JGC Glass Company, along with dealings with other companies totaling up to 13.09 million riyals. It was emphasized that all transactions were conducted in the usual commercial manner and without any preferential privileges.
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