Riyadh - Mubasher: Anmat Technology Company has released an addendum announcement detailing the voting results from its Extraordinary General Meeting (EGM) held on 1 July 2026.
Shareholders approved several key resolutions, including the ratification of the auditor’s report for the 2025 fiscal year, amendments to the company’s bylaws, and the approval of significant related party transactions involving board members and senior executives.
The assembly also confirmed the appointment of a new external auditor for 2026 and delegated specific licensing powers to the Board of Directors.
During the first meeting of the EGM, shareholders reviewed and approved the auditor’s report for the fiscal year ending 31 December 2025.
This approval followed a comprehensive discussion of the company’s financial standing and performance over the previous period. In a move to refine the company’s internal governance and operational scope, the assembly voted to amend Article 4 of the Articles of Association, which defines the company’s business objectives, as well as Article 20, which outlines the powers and responsibilities of the Chairman, Vice Chairman, Managing Director, and Board Secretary.
A significant portion of the meeting was dedicated to the review and approval of business dealings and contracts conducted with related parties during 2025. The company emphasized that all such transactions were executed without any preferential terms.
Among the approved items were transactions with Modern Business Gate for Information Technology, a firm owned by the Chairperson of the Board, Deema Ayman Aqilan. These transactions included material purchases totaling SAR 3.01 million and service purchases amounting to SAR 5.17 million.
Furthermore, the settlement of dues to the same related party, totaling SAR 10.78 million , received shareholder clearance.
The assembly also addressed dealings with Professional Advanced Solutions, owned by the Chief Financial Officer, Ahmed Mohamed Metwally Nagy. These included the purchase of services and systems valued at SAR 1.60 million and the settlement of dues amounting to SAR 2.31 million.
Other approved transactions involved Research and Marketing for Trading Company, owned by Vice Chairperson Sawsan Muhammad Aqilan, and Rukn Al-Halawiyat, in which several board members hold interests. These transactions primarily involved the settlement of dues to Anmat Technology for Trading.
In terms of future financial oversight, shareholders approved the appointment of United Accountants for Professional Consulting. The firm will serve as the company's external auditor for 2026, tasked with reviewing and auditing the semi-annual and annual financial statements. The professional fees for these services were set at SAR 280,000.
Finally, the assembly granted the Board of Directors the authority to exercise the powers of the OGM regarding the licensing requirements stipulated in Paragraph 1 of Article 71 of the Companies Law.
This delegation is valid for one year from the date of approval or until the end of the current board session, whichever comes first, in accordance with the regulatory procedures for listed joint-stock companies.
Anmat confirmed that these administrative and regulatory updates carry no immediate financial impact on the company’s current accounts. The disclosure serves as a formal update to the initial announcement published on the Saudi Exchange website.
The company recently received the first purchase order under its SAR 314.50 million contract with Saudi Energy Company, with the order valued at SAR 48.40 million.
