Aslak shareholders oppose director bonuses
Shareholders of United Wire Factories "Wire" Company approved authorizing the Board of Directors to distribute interim profits for the year 2026. They also rejected the allocation of bonuses for Board members for the fiscal year 2025, which amounted to 1.25 million Riyals. Additionally, the assembly approved the appointment of "RSM" as the financial auditor for a fee of 300,000 Riyals, and approved amendments to the Audit Committee regulations. They also approved contracts with "A One Vince Arabia for Industry" amounting to up to 38.19 million Riyals, all within regular operations and without any preferential conditions.
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