Nayifat Finance to elect board members on Nov. 2

Logo of Nayifat Finance Co.

Nayifat Finance Co. invited its shareholders to attend the extraordinary general meeting (EGM) that will be held on Nov. 2 to elect board members for the upcoming three-year term starting on Nov. 3, 2025.

In a statement to Tadawul, the company said that shareholders will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2026.

Meanwhile, they will vote on authorizing the elected board of directors with the powers granted to the ordinary general assembly under paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the general assembly's approval or until the end of the term of the authorized board, whichever comes first, in accordance with the conditions set forth in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.