Articles > Development Works Food Company Successfully Concludes Ordinary General Meeting
Development Works Food Company Successfully Concludes Ordinary General Meeting
By KlickAnalytics Data Insights | July 1, 2026 02:00AM ET
- Shareholders reviewed company performance for fiscal year 2025
- Shareholders approved appointment of new external auditor
- The meeting was conducted in a hybrid format allowing for physical and virtual attendance
Development Works Food Company recently announced the successful conclusion of its Ordinary General Meeting (OGM) which took place on 29 June 2026 in Riyadh. During the session, shareholders reviewed the company's performance for the fiscal year ending 31 December 2025. They also approved the discharge of board members from liability and authorized the appointment of a new external auditor for future fiscal periods.
Despite being a second call meeting, the assembly reached necessary resolutions to finalize the company's annual corporate governance and financial reporting requirements. The meeting was conducted in a hybrid format allowing for both physical attendance and participation through modern technological means. The attendance for this second assembly represented 9.97% of the company's capital-bearing shares.
Key members of the Board of Directors were present at the assembly, including Chairman Sulaiman Mohammed Al Ghumayz and Vice Chairman Thunayan Abdullah Al Thunayan. The meeting focused on the formal review and discussion of financial statements and the Board of Directors' report for the fiscal year ending 31 December 2025. Shareholders also approved the appointment of Al-Zoman, Al-Fahad & Al-Hajjaj Certified Public Accountants as the company's external auditor for future financial oversight.
This meeting marks an important step for Development Works Food Company as it progresses in maintaining financial transparency and governance standards for its stakeholders. The company continues to uphold its commitment to excellence in financial reporting and accountability.
- Shareholders approved appointment of new external auditor
- The meeting was conducted in a hybrid format allowing for physical and virtual attendance
Development Works Food Company recently announced the successful conclusion of its Ordinary General Meeting (OGM) which took place on 29 June 2026 in Riyadh. During the session, shareholders reviewed the company's performance for the fiscal year ending 31 December 2025. They also approved the discharge of board members from liability and authorized the appointment of a new external auditor for future fiscal periods.
Despite being a second call meeting, the assembly reached necessary resolutions to finalize the company's annual corporate governance and financial reporting requirements. The meeting was conducted in a hybrid format allowing for both physical attendance and participation through modern technological means. The attendance for this second assembly represented 9.97% of the company's capital-bearing shares.
Key members of the Board of Directors were present at the assembly, including Chairman Sulaiman Mohammed Al Ghumayz and Vice Chairman Thunayan Abdullah Al Thunayan. The meeting focused on the formal review and discussion of financial statements and the Board of Directors' report for the fiscal year ending 31 December 2025. Shareholders also approved the appointment of Al-Zoman, Al-Fahad & Al-Hajjaj Certified Public Accountants as the company's external auditor for future financial oversight.
This meeting marks an important step for Development Works Food Company as it progresses in maintaining financial transparency and governance standards for its stakeholders. The company continues to uphold its commitment to excellence in financial reporting and accountability.
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