16 Hrs
Source:
مباشر
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Bawan shareholders approve no dividends for 2025
Shareholders of Pawan Company approved not to distribute cash dividends for the year 2025 in order to strengthen the financial position and support future growth plans. They also authorized the board to consider distributing interim dividends for the year 2026. The meeting was held in Riyadh with a participation rate of 49.09% of the shares. The assembly reviewed the financial statements and decided to appoint Ernst & Young as the external auditor from the second quarter of 2026 until the first quarter of 2029, at a cost of up to 2.98 million SAR annually. Additionally, several contracts and banking facilities valued at over 767 million SAR were approved.
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