Riyadh – Mubasher: Arabian Food and Dairy Factories Company (Fadeco) has concluded its Ordinary General Assembly meeting (OGM) held on 22 June 2026, according to a bourse filing.
During the session, shareholders reviewed and approved the company’s financial performance for the 2025 fiscal year, and authorized the Board of Directors to issue interim dividend payments for the current period.
A primary focus of the meeting was the ratification of the company’s financial standing. Shareholders voted to approve the auditor’s report for 2025, following a comprehensive discussion.
Furthermore, the Board of Directors' report and the company’s audited financial statements for the same period were reviewed and formally adopted.
Following these approvals, the assembly granted a discharge of liability to the members of the Board of Directors for their management during the 2025 fiscal year.
In terms of future financial oversight, the assembly approved the appointment of Dr. Mohamed Al-Amri & Co. as the company’s external auditor. This selection was based on a recommendation from the Audit Committee. The firm is tasked with examining and auditing the semi-annual and annual financial statements for the 2026 fiscal year. The professional fees for these services were set at SAR 300,000.
Regarding shareholder returns, a significant resolution was passed authorizing the Board of Directors to distribute interim dividends. This mandate allows for the distribution of profits on a semi-annual or quarterly basis for 2025, providing the board with the flexibility to manage liquidity and shareholder distributions throughout the year.
Additionally, the assembly approved the disbursement of SAR 1 million as remuneration for the members of the Board of Directors for 2025. This move aligns with the company’s compensation policies for its governing body following the completion of the annual financial cycle.
The successful completion of the Ordinary General Assembly reflects Fadeco’s commitment to transparency and regulatory compliance as it continues its operations within the Saudi food and dairy sector.
