- Munawla Cargo Company's Ordinary General Assembly meeting held on 24 June 2026 concluded successfully
- Shareholders approved financial reports for fiscal year 2025 and granted authority to the Board of Directors for dividend distributions
- Assembly delegates the Board of Directors with the power to distribute interim dividends for the 2026 fiscal year

During the recent Ordinary General Assembly meeting of Munawla Cargo Company held in Riyadh, shareholders gathered to review the company's performance and financial standing for the fiscal year 2025. The assembly formally ratified the financial reports and granted authority to the Board of Directors to manage dividend distributions for the upcoming period. Shareholders voted to discharge the Board members from liability regarding their management of the company during the 2025 fiscal year.

In a move to provide enhanced shareholder value and flexible capital returns, the assembly approved a proposal to delegate the Board of Directors to distribute interim dividends. This decision allows the Board to issue dividend payments on a semi-annual or quarterly basis for the 2026 fiscal year, based on the company's financial performance throughout the year. Additionally, the assembly approved the appointment of external auditors to oversee the company's financial reporting for the 2026 fiscal year.

Key board members, including Vice Chairman and CEO Ali Abdullah Mohammed Al Habdan, were in attendance during the meeting. The appointment of new auditors and the approval of interim dividend distributions mark the formal closure of the 2025 administrative cycle for Munawla Cargo and set the regulatory framework for the company's operations in 2026 and beyond.

By finalizing necessary corporate governance requirements, Munawla Cargo is well-positioned to proceed with its operational strategy for the current and upcoming fiscal periods.