Riyadh - Mubasher: The shareholders of Saudi Parts Center Company approved the appointment of KPMG as the company’s external auditor for 2026 during the ordinary general meeting held on 23 June 2026 via electronic means.
KPMG was appointed based on the Audit Committee’s recommendation to review and audit the company’s annual and semi-annual financial statements for 2026, with approved audit fees totaling SAR 431,000.
The equityholders also approved the payment of SAR 245,000 as remuneration to board members for 2025, according to a bourse filing.
The meeting also ratified the auditor’s report and financial statements for 2025, in addition to discharging board members from liability for the same period.
Shareholders also authorized the board to issue licenses under Article 27(1) of the Companies Law for up to one year.
Moreover, the assembly reviewed and discussed the board of directors’ report and the financial statements for 2025.
