Porsche opens new state-of-the-art showroom in Alkhobar
Porsche Saudi Arabia unveiled its new state-of-the-art center in Alkhobar on May 21. A ribbon-cutting ceremony marked the beginning of the launch event, celebrating the collaboration between SAMACO Motors and Porsche Middle East and Africa on the corporate identity upgrade of the facility.
This new facility encompasses a total area of 1,263 square meters and includes a combined new and pre-owned car showroom designed to meet all 'Destination Porsche' requirements. The elevated showroom can accommodate up to 16 car displays and features the brand-associated Carrera Café.
Guests have the opportunity to experience the passion and precision of both new and pre-owned models while enjoying amenities such as a fitting lounge, the Porsche Lifestyle store, and an equipment area, all within the state-of-the-art facility.
Porsche's commitment to e-performance was also highlighted, with three e-charger outlets available in the parking area — two AC and one DC charging stations.
The event was attended by key representatives from SAMACO Motors, Porsche Middle East and Africa, and Porsche Saudi Arabia.
'This facility represents a significant milestone in the enhancement of the Porsche experience for customers in this region,' said Rashad Embaby, general manager, Porsche Saudi Arabia.
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Approval of discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 8. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 11,908,359 (eleven million, nine hundred eight thousand, three hundred fifty-nine Saudi riyals) to shareholders for the fiscal period ending December 31, 2024, at SAR 0.25 per share, representing 25% of the nominal value of the share. Eligibility shall be for shareholders holding shares at the end of the trading day on the date of the General Assembly and registered in the company's shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. Dividend distribution will commence on 15-06-2025. 9. Approval of disbursing board member remuneration in the amount of SAR 990,000 for the fiscal year ending December 31, 2024. 10. 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Approval of business and contracts to be concluded between the company and Mosakhan Waraq Enab Food Services Establishment, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. The contract is for the sale of food products with a one-year term. The total value of transactions in 2024 amounted to SAR 597,099 (exclusive of VAT). These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 13. Approval of business and contracts executed between the company and Al-Omaiqan Holidays and Travel, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. This involves an agreement to provide ticket booking services. The total value of transactions in 2024 amounted to SAR 367,291 (exclusive of VAT). 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