Disclosure of the Results of the General Assembly Meeting for the Financial Year Ended 31 December 2025
The Ordinary General Assembly Meeting of The Securities House Company was held on Thursday, 07th May 2026 at 11:00 AM in the meeting hall at Al-Dow Tower – Sharq Area, in the presence of:
1.Mr. Talal Yousef Al Muzaini from Deloitte & Touche – the Company’s External Auditor.
2.Dr. Mohammed Al Sharfa from Osoul Sharia Consultancy – the Company’s External Sharia Auditor.
3.Mr. Abdul Salam Saeed Abdul Elah from Islamic Financial Industry House Company – the Company’s Fatwa and Sharia Supervisory Board.
The total attendance percentage of shareholders (electronic and in-person attendance) reached 54.559%.
The meeting was chaired by Mr. Abdullatif Mohammed AlShaya, Chairman of the Board of Directors, who welcomed the attendees. The agenda items were discussed and approved as follows:
First: Ordinary General Assembly Agenda
- Approval of the Board of Directors’ Report for the financial year ended 31 December 2025.
- Approval of the Corporate Governance Report and Audit Committee Report for the financial year ended 31 December 2025.
- Review and approval of the statement of financial and non-financial penalties imposed on the Company by regulatory authorities during the financial year ended 31 December 2025.
- Approval of the report of the Fatwa and Sharia Supervisory Board for the financial year ended 31 December 2025.
- Approval of the report of the External Sharia Audit Office for the financial year ended 31 December 2025.
- Approval of the External Auditor’s Report for the financial year ended 31 December 2025.
- Approval of the Company’s financial statements for the financial year ended 31 December 2025.
- Approval of the Board of Directors’ recommendation not to distribute dividends for the financial year ended 31 December 2025.
- Approval of the Board of Directors’ recommendation not to allocate any amount to the statutory reserve for the financial year ended 31 December 2025 due to the Company’s losses for the year.
- Review and approval of related party transactions conducted or to be conducted.
- Approval of the Board of Directors’ recommendation not to grant remuneration to Board members for the financial year ended 31 December 2025.
- Discharge of the Board members from liability in relation to their financial, administrative, and legal actions for the financial year ended 31 December 2025.
- Approval of the renewal of the authorization granted to the Board of Directors to purchase or sell the Company’s shares not exceeding 10% of its issued shares, in accordance with Law No. 7 of 2010 and its Executive Regulations and amendments thereto.
- Approval of the reappointment of Mr. Bader Abdullah Al Wazzan from Deloitte & Touche Al-Wazzan & Co. as External Auditor for the financial year ending 31 December 2026, and authorization of the Board of Directors to determine his fees.
- Approval of the appointment of Shura Sharia Consultancy Company as External Sharia Auditor for the financial year ending 31 December 2026, and authorization of the Board of Directors to determine their fees.
- Approval of the reappointment of Islamic Financial Industry House as the Company’s Fatwa and Sharia Supervisory Board for the financial year ending 31 December 2026, and authorization of the Board of Directors to determine their fees.
Second: Extraordinary General Assembly Agenda
The Extraordinary General Assembly Meeting was postponed due to the lack of legal quorum. The postponed meeting will be held on Sunday, 17th May 2026, at the same time and venue of the previous meeting.
Impact of Material Information on the Company’s Financial Position:
There is no impact on the Company’s financial position.
