Riyadh – Mubasher: Tabuk Cement Company has announced the results of its 40th Ordinary General Assembly Meeting (OGM), held on 29 June 2026.
During the session, shareholders granted the Board of Directors the authority to distribute interim dividends for 2026 and approved the appointment of a new external auditor.
The meeting, which was conducted via modern technology from the company’s headquarters in Duba, reached the necessary quorum for its second convening with an attendance rate of 19.48% of share capital.
The assembly, presided over by Chairman Yazid bin Khalid Al Shathri, addressed several key regulatory and strategic items on its agenda.
A primary outcome of the meeting was the approval of a mandate authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for 2026. This authorization provides the board with the flexibility to manage capital distributions in alignment with the company’s financial performance and liquidity requirements throughout the year.
In addition to dividend mandates, the shareholders reviewed and ratified the company’s financial standing for the previous period. The assembly formally reviewed the Board of Directors' report and the audited financial statements for the fiscal year ending 31 December 2025.
Furthermore, the shareholders approved the independent auditor’s report for the same period and officially discharged the members of the Board of Directors from liability regarding their management of the company during 2025.
The assembly also finalized the selection of the company’s external audit firm. Based on a recommendation from the Audit Committee, shareholders approved the appointment of Ahmed Mohammed Al Amri (BDO) to perform the examination and audit of the company’s financial statements.
This engagement covers the second and third quarters of 2025, the full-year annual statements for 2026, and the first quarter (Q1) of 2027. The total fees for these professional services were set at SAR 695,000.
The meeting saw participation from several key board members and committee heads. Attendees included Yazid bin Khalid Al-Shathri, who serves as both Chairman of the Board and Chairman of the Executive Committee, and Mohsen bin Hassan Al Fahadi, Chairman of the Nomination and Remuneration Committee and the Governance Committee.
Other board members in attendance were Abdulilah Mohammed Al Tunisi, Ali bin Mohammed Al-Qahtani, Abdulmohsen bin Sultan Al Otaibi, and Musaed bin Khalid Al Shathri. Vice Chairman Tariq bin Khalid Al Anqari, who also chairs the Audit Committee, was unable to attend.
