Munawla's EGM authorizes board to distribute 2025 dividends, rejects discharge of board members
Munawla Cargo Co. 's extraordinary general meeting (EGM) approved last Thursday, June 26, to authorize the board of directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending Dec. 31, 2025.
According to a statement on Tadawul, the EGM also ratified transferring the statutory reserve balance of SAR 2.7 million, as per the annual financial statements for 2024, to the retained earnings.
Munawla's shareholders rejected approving the discharge of the board of directors for the fiscal year 2024.
Munawla's assembly approved the election of board members from among the nominees for the upcoming term, which begins on July 5, 2025, and lasts for four years, ending on July 4, 2029.
The elected members are Khalid Mohammed Saqr Al-Sugair, Ali Abdullah Mohamed Al Habdan, Abdulsalam Khalid Al-Sogair, Abdulrahman Almesned, and Abdullah Ali Abdullah Al Habdan.
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