Rawaasi shareholders oppose report and bonuses
Ruwasi Building Investment Company announced the results of the Ordinary General Assembly meeting held on August 17 in Riyadh, during which the majority voted against most of the agenda items. This included disapproval of the auditor’s report for the 2025 fiscal year, rejection of the approval to pay management board members approximately 630,670 riyals in bonuses, and refusal to authorize the board to distribute interim profits for 2026. Additionally, approval was not granted for the appointment of a new auditor following the withdrawal of the proposed auditor by Al-Zuman, Al-Fahd, and Al-Hajaj companies, meaning subsequent meetings will be needed to address this. The assembly also showed shareholders' reservations regarding financial and administrative matters, emphasizing their rejection of proposals related to profit distribution decisions and new appointments.
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