Riyadh – Mubasher: Jamjoom Fashion Trading Company has invited its shareholders to attend the ordinary general assembly meeting (OGM) scheduled for 10 September 2026, according to a bourse filing.
The meeting will be held virtually at 18:30 and will primarily focus on the selection of an external auditor to review and audit financial statements for the fiscal years 2027, 2028, and 2029.
Jamjoom Fashion’s Audit and Risk Committee has recommended the appointment of Ernst & Young (EY) from among three qualified candidates.
The proposed total remuneration for EY is SAR 4.68 million, distributed as SAR 1.47 million for 2027, SAR 1.56 million for 2028, and SAR 1.65 million for 2029.
Other competing bids included Baker Tilly with a total three-year fee of SAR 2.48 million and KPMG with a total bid of SAR 4.17 million.
According to Article 32 of the company’s bylaws, the meeting requires a quorum of shareholders representing at least 25% of voting shares.
Electronic voting for registered shareholders is set to commence at 01:00 on 6 September 2026 via the Tadawulaty platform and will remain open until the conclusion of the assembly.
It is worth noting that Jamjoom Fashion recently announced its financial results for the period ended on 30 June 2026, which represented the first nine months (9M) of fiscal year (FY) 2025/2026.
