Riyadh - Mubasher: Alamar Foods Company has announced the results of its Ordinary General Meeting (OGM) held on 30 June 2026.
During the session, shareholders approved the appointment of BDO as the company’s external auditor and ratified a series of related party transactions conducted during 2025.
The meeting, which achieved a quorum with 62.5% of voting shares represented, also saw the approval of the board of directors' report and financial statements for the year ended 31 December 2025.
The meeting was conducted via modern technology from the company’s headquarters in Riyadh, presided over by Chairman Ibrahim Abdulaziz Al Jammaz.
Key board members in attendance included Vice Chairman Assem Saud Al Jammaz, Faisal Omar Al Saqqaf, Mai Mohammed Al Hoshan, Zaki Abdulaziz Al Showaier, and Deem Salah Al Bassam.
A primary outcome of the assembly was the appointment of BDO to serve as the company's external auditor. The firm is tasked with examining and auditing the financial statements for the second, third, and annual periods of 2026, as well as the first quarter (Q1) of 2027. The total fees for these professional services were set at SAR 1.76 million.
In matters of corporate governance and compensation, shareholders approved a total remuneration of SAR 1.60 million for the board of directors for 2025. Furthermore, the assembly voted to discharge the board members from liability for the same period.
A significant portion of the agenda was dedicated to the review and approval of contracts and business dealings between Alamar Foods and various related parties. The company emphasized that all such transactions were conducted on a commercial basis without any preferential terms.
The largest of these transactions involved Abdulaziz Ibrahim Al Jammaz and Brothers Company, where Chairman Ibrahim Al Jammaz and Vice Chairman Assem Al Jammaz hold indirect interests. These dealings, primarily involving dividend distributions, were valued at SAR 31.38 million for 2025.
Other notable approvals included net payments and collections with Casual Plus Co. Ltd totallng SAR 1.76 million and various revenue and expenditure transactions with Alamar Foods LLC – Oman, which reached a combined value exceeding 6.5 million Saudi Riyals.
Shareholders also ratified dealings with Olaya Real Estate Investment Company, the heirs of Abdulaziz Ibrahim Al Jammaz, Abdulaziz and Abdullah Al Jammaz Travel and Tourism Company, and Al Jammaz Agriculture Company. These transactions covered a range of activities including net collections, purchases, and expenses paid on behalf of the company.
