Munawla shareholders authorize board to distribute 2025 dividends, reject board discharge

09:26 AM (Mecca time) Argaam
Logo ofMunawla Cargo Co.

Logo of Munawla Cargo Co.

Munawla Cargo Co.’s extraordinary general meeting (EGM), held on June 26, authorized the board of directors to distribute interim dividends to shareholders on a semiannual or quarterly basis for 2025, the company said in a statement to Tadawul.

 

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The shareholders also approved transferring SAR 2.7 million in statutory reserve, based on the 2024 financial statements, to retained earnings.

 

However, shareholders voted against discharging the board of directors for the fiscal year 2024.

 

The EGM also elected new board members for the upcoming four-year term starting July 5, 2025, and ending July 4, 2029. The elected members are Khalid Al-Sugair, Ali Al Habdan, Abdulsalam Al-Sogair, Abdulrahman Almesned, and Abdullah Al Habdan.

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