DBS Assembly Approves Bylaws and Profit Distribution
The Extraordinary General Assembly of Dar Al-Balad Business Solutions Company approved amendments to the company's bylaws, including changing the company's name and management of operations. It also added provisions governing the trading of shares and disclosure of interests in business and contracts. Additionally, it authorized the Board of Directors to distribute interim profits for the fiscal year 2026 on a semi-annual or quarterly basis. The assembly also approved the appointment of Talal Abu Ghazaleh & Partners as the external auditors to review the accounts, with a fee of 450,000 riyals. Overall, the amendments focus on improving the company's organization and profit distribution, aiming to enhance transparency and efficiency in business management.
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