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Assembly approves 2025 financials and bonuses
The Food Development Company approved the Board of Directors' report and the financial statements for 2025 during its meeting, which was attended by 71%. It also approved the discharger of liabilities for board members and their remunerations amounting to 4.36 million Riyals, and approved the appointment of a new external auditor for the financial review. Additionally, it approved certain contracts with Al Dukan Company valued at 18.69 million Riyals, in which the chairman and vice-chairman have an indirect interest. The company’s articles of association were also amended to include a provision related to share purchases and updating the company's management, along with granting the Board regulatory authority for the upcoming year.
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