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Al-Manajem Foods shareholders approve interim payout
Almanajem Food Company announced that shareholders in the Extraordinary General Assembly meeting approved the distribution of interim cash dividends for 2026, reaffirmed the annual financial reports, and approved commercial contracts exceeding 530 million Saudi Riyals with related parties, including agreements with companies such as France Poultry and Baladi for Poultry. The approval also included converting the company's special reserve into a general reserve to strengthen the financial position, as well as authorizing the Board of Directors to distribute quarterly or semi-annual interim profits during the 2026 fiscal year. Additionally, decisions covered approvals for contracts with various companies and business partnerships, with emphasis that all dealings were conducted according to prevailing commercial terms without any preferential advantages.
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