Riyadh – Mubasher: Anaam International Holding Group has announced the results of its 47th Ordinary General Meeting (OGM), where shareholders notably voted against discharging board members from liability for 2025.
During the session held on 29 June 2026, investors also rejected several proposals regarding board remuneration covering the fiscal years 2023, 2024, and 2025, while approving the appointment of a new external auditor and reviewing the company’s financial performance.
The meeting was conducted via modern technology using the Tadawulaty platform, originating from the company’s headquarters in Jeddah. This session was designated as a second meeting, convened at 7:30 PM, exactly one hour after the scheduled time for the first meeting, which failed to reach the legal quorum.
Attendance for the first call stood at 9.98%, while the second meeting successfully proceeded with a quorum of 10.02% of voting shares.
The assembly was attended by key members of the board of directors, including Chairman Mohammed Abdulrahman Saleh Attar, Vice Chairman and CEO Hassan Saad Al Yamani, and board members Raed Mohammed Abdullah Kati, Khalid Abdulaziz Abdulrahman Al Bawardi, and Ayoub Omran Mohammed Al-Omrani. Al Omrani also represented the Nominations and Remunerations Committee as its chairman, while Kati attended in his capacity as a member of the Audit Committee.
In a significant move reflecting shareholder sentiment, the assembly voted against the discharge of the board of directors from liability for their management during the fiscal year ending 31 December 2025.
This refusal to grant discharge was accompanied by the rejection of three separate agenda items concerning board compensation. Shareholders voted down a proposed SAR 1.45 million remuneration for 2023, a SAR 700,000 package for 2024, and a SAR 1 million payment for 2025.
Despite the rejection of liability discharge and bonuses, the assembly completed the statutory review of the company’s financial standing. Shareholders reviewed and discussed the board of directors' report and the financial statements for the fiscal year ending 31 December 2025.
Furthermore, the assembly officially approved the independent auditor’s report for the same period following a floor discussion.
Regarding future oversight, the assembly approved the appointment of RSM Allied Accountants Professional Services as the company’s external auditor.
Selected from among candidates recommended by the Audit Committee, RSM will be tasked with examining and auditing the financial statements for the second, third, and fourth quarters of the 2026 fiscal year, as well as the first quarter (Q1) of 2027. The total professional fees for these services were set at SAR 475,000.
