Cinema Retail GA approves new Board and 1.35B riyal financing

AFG International (Sinoma Retail) approved during its extraordinary general assembly meeting the election of a new Board of Directors for a four-year term starting August 2026. The company also approved a shareholder loan agreement worth 1.35 billion Riyals for a duration of five years, in addition to ratifying the annual financial statements and approving related-party contracts. The meeting further authorized the interest expenses associated with the loan, approved amendments to the company's regulations, and appointed external auditors to review the accounts for the upcoming period.

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