Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia, known as Zain KSA, will hold its Ordinary General Assembly meeting on 30 June 2026 to address a comprehensive agenda, most notably the approval of a roughly SAR 449.4 million cash dividend for the 2025 fiscal year.
The shareholders will also consider the ratification of several high-value related-party contracts alongside board-level appointments, according to a bourse disclosure.
A primary focus for investors will be the vote on the Board of Directors' recommendation for a cash dividend distribution totaling SAR 449.36 million, which corresponds to SAR 0.50 per share that represents 5% of the nominal share value.
Eligibility for these dividends is reserved for shareholders owning stock at the close of the assembly day and registered by the end of the second trading day following the meeting. The company has scheduled the commencement of dividend distributions for 21 July 2026.
Governance and leadership transitions are also prominent on the agenda. Shareholders will be asked to vote on the appointment of Engineer Atef bin Saeed Al Siyabi as a non-executive member of the Board.
Al Siyabi, who joined the board in January 2026 to fill a vacancy, brings extensive regional experience from his roles at the Oman Investment Authority and Omantel. His term is slated to run until April 2029.
Additionally, the assembly will consider the disbursement of SAR 5.04 million in total remuneration for board members for their services during 2025.
The assembly will also review and vote on a series of substantial related-party transactions. These include a SAR 170 million agreement with Zain Group for administrative fees and trademark usage, as well as various telecommunications and roaming service contracts with regional subsidiaries.
A significant lease agreement for the company’s headquarters in Riyadh with the General Organization for Social Insurance (GOSI), valued at approximately SAR 19.16 million, is also up for ratification. The board has emphasized that these contracts were conducted on standard commercial terms without any preferential benefits.
Furthermore, the agenda includes the appointment of an external auditor for a multi-year term covering the period from the second quarter (Q2) of 2026 through Q1-29. This move is intended to ensure long-term stability in the company’s financial auditing processes.
Other items for deliberation include the discharge of board members from liability for the 2025 fiscal year and the formal adoption of a new Corporate Social Responsibility Policy. This assembly represents a pivotal moment for Zain KSA as it seeks to align its financial distributions, governance structure, and strategic partnerships with its long-term operational objectives.
