Riyadh – Mubasher: Balady Poultry Company announced that its Ordinary General Assembly, held on 25 June 2026, approved all items on its agenda with a shareholder attendance rate of 87.11%.
Shareholders ratified several significant related party contracts, including transactions with Al Munajem Foods Company totaling SAR 106.77 million for the sale of chilled and frozen chicken, according to a bourse filing.
The assembly also approved multiple contracts with Muheet Al Sharq Real Estate Company, involving SAR 71.32 million in sales of chicks, feed, and medicine, alongside SAR 83.09 million in poultry purchases and transport services.
Transactions with Abdulrahman Qatami Co. Ltd. were also cleared, totaling SAR 39.70 million for sales and SAR 44.85 million for purchases of poultry and spare parts.
In addition to operational contracts, shareholders approved SAR 1.05 million in board remuneration and SAR 191,000 for the audit committee for the 2025 fiscal year.
Ernst & Young Professional Services (E&) was appointed as the external auditor for the second, third, and annual financial statements of 2026, and the first quarter of 2027, for a total fee of SAR 590,000. The assembly further allocated SAR 300,000 for social responsibility initiatives during 2026.
