Riyadh – Mubasher: Saudi Industrial Export Company’s (Sadirat) shareholders reviewed the operational and financial performance for the 2025 fiscal year and approved the appointment of a new external auditor to oversee the company’s financial reporting through the first quarter (Q1) of 2027.
The assembly’s agenda focused heavily on the retrospective evaluation of the company’s 2025 performance, according to a bourse filing.
Shareholders formally reviewed and discussed the Board of Directors’ report for the 2025 fiscal year.
This was followed by the approval of the independent auditor’s report and the company’s annual financial statements for the same period.
These steps are essential for the company to maintain its compliance with the Saudi Exchange (Tadawul) and the Capital Market Authority (CMA) regulations.
A significant portion of the meeting was dedicated to future financial oversight. Based on a recommendation from the Audit Committee, shareholders approved the appointment of Sultan Ahmed Al Shubaili Certified Public Accountants and Auditors as the company’s external auditor. The firm will be responsible for the review and audit of the financial statements for Q2- and Q3-26, the full-year 2026 financial results, and Q1-27. The assembly agreed to a total fee of SAR 445,000 for these professional services.
The ratification of the 2025 financial documents and the appointment of new auditors provide Sadirat with a structured framework for its financial governance over the coming year.
By securing these approvals, the company ensures continuity in its reporting obligations and maintains the necessary transparency for its investors and stakeholders as it moves into the next phase of its fiscal calendar.
