Latest news with #externalauditor
Argaam
26-05-2025
- Business
- Argaam
Future Vision plans up to 350,000 share buyback
Future Vision for Health Training Co. 's board of directors recommend, on May 25, the purchase of a number of the company's ordinary shares, with a maximum limit of 350,000 shares, for the purpose of retaining them as treasury shares. In a statement to Tadawul, the company said that this decision will be voted on by the upcoming extraordinary general assembly (EGM), which will be announced at a later date, for the purpose of approving the share repurchase, in accordance with the requirements and fulfillment of all conditions stipulated in Article 17 of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. The voting will also consider the solvency report issued by the company's external auditor, which will be attached to the invitation to the EGM that will consider and approve the transaction in accordance with applicable regulations. The repurchased shares will be retained for future use in a manner that enhances flexibility in managing the company's capital structure, and to allocate part of them under an employee incentive program, the statement added. The purchase will be financed through the company's own resources, the company indicated, noting that it currently holds 38% treasury stocks from the total company shares. The process is conditional upon the approval of the EGM and meeting the financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law. Purchased shares shall not have voting rights in the general assembly's meetings, the statement added. According to data available on Argaam, the number of shares to repurchased by Future Vision represents 3.5% of the total company shares totaling to 10 million shares.
Argaam
19-05-2025
- Business
- Argaam
Alujain's OGM ratifies 2025–26 dividend policy, rejects external auditor appointment
Alujain Corp. 's ordinary general assembly approved the company's dividend distribution policy for 2025 and 2026. The policy stipulates the distribution of dividends to shareholders at a rate of SAR 0.75 per share on a quarterly basis over the next two years, starting with Q1 2025 and ending with Q4 2026. The company noted that the dividend policy could change based on material shifts in its strategy, business, investments, future projects, or any current or future financing commitments related to its projects. Shareholders also approved authorizing the board to distribute interim dividends semi-annually or quarterly for the fiscal year ending Dec. 31, 2025. Meanwhile, the general assembly rejected approving the appointment of an external auditor for the company.
