Riyadh – Mubasher: Riyal Investment and Development Company has announced the successful conclusion of its Ordinary General Assembly Meeting, held on 17 June 2026, during which shareholders approved the financial results for the 2025 fiscal year.
The shareholders also authorized board remuneration and appointed a new external auditor for the upcoming financial periods, according to a bourse filing.
A central component of the agenda was the formal review and discussion of the Board of Directors' report for the fiscal year ended on 31 December 2025. Shareholders also reviewed the company’s financial statements for the same period.
Following the deliberations, the assembly officially approved the auditor’s report for the 2025 fiscal year. As part of the standard year-end procedures, the shareholders voted to discharge the members of the Board of Directors from liability for their performance and management during the 2025 fiscal year.
Financial compensation for the board's oversight was also finalized during the meeting. Shareholders approved the disbursement of SAR 346,000 as remuneration for the members of the Board of Directors for 2025.
The assembly further addressed the selection of external auditing services to ensure continued transparency in the company’s future financial reporting.
Based on a recommendation from the Audit Committee, shareholders approved the appointment of BDO (Dr. Mohamed Al Amri & Co.) as the company’s external auditor.
The firm is now mandated to examine and audit the financial statements for the first half (H1) of 2026, the full 2026 fiscal year, and H1-27.
The total fees for these professional services were set at SAR 290,000 excluding Value Added Tax.
The successful ratification of these agenda items reflects the company's adherence to the regulatory requirements set forth by the Capital Market Authority and the Saudi Companies Law.
By securing shareholder approval for its financial statements and the appointment of a recognized auditing firm, Riyal Investment and Development Company continues to reinforce its governance framework and maintain its reporting obligations to the market.
