Cenomi Retail EGM elects new board members for 4-year term

Shareholders of Cenomi Retail approve the appointment of PwC as external auditor

Shareholders of AFG International Co. (Cenomi Retail) elected board members for the new four-year term, starting on Aug. 12, 2026, during the extraordinary general meeting (EGM) held on June 30.

Shareholders elected the board of directors for a four-year term starting Aug. 12, 2026. The elected members are Ismail ElKhatib, Russell Rodrigues, Ahmed Alarabi, Abubakr Alfuttaim, Hussien Shobokshi, Majed Najm, Hamad AlSourayia, Tarek Tantawy, and Jon Ring.

According to a Tadawul statement, shareholders also approved the appointment of PricewaterhouseCoopers (PwC) as external auditor to audit the financial statements for Q2, Q3, and the annual financial statements for 2026, as well as Q1 2027, for total fees of SAR 4.26 million.

They approved board remuneration of SAR 1.51 million for 2025, in addition to a number of amendments to the company's bylaws, committee regulations, remuneration policy, board membership policy, and corporate social responsibility policy.

In addition, shareholders approved related-party transactions conducted during 2025. The company confirmed that all transactions were carried out on commercial terms and without any preferential conditions.