Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtin Company (Al Babtain Food) has announced the successful conclusion of its Ordinary General Assembly meeting (OGM) held on 25 June 2026, during which the shareholders approved the distribution of cash dividends for the 2025.
The meeting also saw the ratification of financial statements, the appointment of an external auditor for the 2026 fiscal year, and the discharge of board members from liability for the previous period.
A primary highlight of the assembly was the approval of the board’s recommendation to distribute cash dividends for 2025. Shareholders approved a payout of SAR 0.5 per share, representing 5% of the company’s capital.
The total dividend disbursement is set at SAR 1.70 million. Eligibility for these dividends is restricted to shareholders who owned stock at the close of trading on the day of the General Assembly and who are registered in the company’s records at the Securities Depository Center (Edaa) by the end of the second trading day following the meeting.
Al Babtain Food confirmed that the scheduled payment date for these dividends is 14 July 2026.
In addition to the 2025 payouts, the assembly granted the Board of Directors the authority to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year. This move provides the board with the flexibility to manage capital returns in alignment with the company’s financial performance throughout the coming year.
The shareholders also addressed several regulatory and governance matters. The assembly reviewed and discussed the Board of Directors' report and the company’s financial statements for the 2025 fiscal year.
Following these discussions, the auditor’s report for the same period was approved.
Furthermore, the assembly voted to discharge the members of the Board of Directors from liability for their management during the 2025 fiscal year.
Regarding future oversight, the assembly approved the appointment of Maham Professional Consulting as the company’s external auditor. Selected from among candidates recommended by the Audit Committee, the firm will be responsible for examining and auditing the first, second, third quarter, and annual financial statements for 2026. The professional fees for these services were set at SAR 285,000.
Finally, the assembly approved the disbursement of board remuneration totaling SAR 300,000 for the fiscal year ended on 31 December 2025.
The meeting concluded with the presence of the chairmen of the Audit Committee and the Nomination and Remuneration Committee, ensuring that all procedural and committee-level inquiries were addressed.
