Riyadh – Mubasher: BinDawood Holding Company has concluded its Extraordinary General Meeting (EGM) held on 17 June 2026, during which the investors ratified the financial performance for the 2025 fiscal year and granted the Board of Directors the authority to distribute interim dividends for 2026.
The assembly also greenlit a strategic share buyback program intended for employee incentives, according to a bourse disclosure.
The shareholders approved the Board of Directors’ report, the external auditor’s report, and the consolidated financial statements for 2025.
Following the presentation of these reports, the assembly voted to discharge the members of the Board from liability for their management during the 2025 period.
A primary highlight of the assembly was the authorization granted to the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the 2026 fiscal year. This move provides the board with the necessary flexibility to manage capital distributions in alignment with the company’s financial health throughout the year.
Additionally, the assembly approved a total remuneration of SAR 987,293 for the Board of Directors for their services during the 2025 fiscal year.
In a move focused on human capital and long-term retention, shareholders approved a proposal for the company to purchase up to one million of its own shares. These shares are earmarked for the Employee Stock Option Plan, continuing a program originally initiated in March 2024.
The buyback will be funded through BinDawood Holding’s internal resources. The Board has been authorized to execute the purchase within an 18-month window from the date of the assembly’s approval, with the provision that the treasury shares may be held for a maximum of 10 years until they are allocated to eligible employees.
The assembly also addressed several structural and administrative matters. Shareholders approved the appointment of KPMG Al Fozan and Partners as the company’s external auditor. The firm will be responsible for reviewing and auditing the financial statements for the second, third, and annual periods of 2026, as well as the first quarter of 2027, for a total fee of SAR 2.95 million.
Furthermore, the assembly approved comprehensive amendments to the company’s Articles of Association, including the reordering and renumbering of articles to ensure contemporary regulatory compliance.
A significant portion of the agenda was dedicated to the ratification of various related party transactions. These included numerous lease agreements for retail outlets, warehouses, and employee housing across Jeddah, Makkah, Madinah, and Riyadh. The contracts involved subsidiaries such as Danube Company for Foodstuffs and Specialties and BinDawood Trading, engaging with related entities including Al Riyadah National Real Estate and Amwaj Real Estate.
The assembly also approved service fee arrangements with BinDawood Investment and product purchase contracts with Al Safa Household Utensils.
The meeting concluded with the approval of all items on the agenda, reinforcing the company’s legal and operational standing as it enters the second half of the 2026 fiscal year.
The high quorum and the approval of the interim dividend mandate reflect a continued alignment between the company’s leadership and its shareholder base regarding BinDawood Holding’s strategic and financial trajectory.
