Riyadh – Mubasher: Armah Sports Company has announced the successful conclusion of its Ordinary General Assembly Meeting, where shareholders approved the financial statements for the 2025 fiscal year, according to a bourse filing.
The equityholders also authorized a total of SAR 900,000 in remuneration for board and committee members.
The meeting was conducted via modern technology on 25 June 2026, during which shareholders conducted a comprehensive review and discussion of the Board of Directors' report and the company’s financial statements for the fiscal year 2025.
Following these discussions, the assembly officially approved the external auditor's report for the same period.
A significant resolution passed during the meeting was the discharge of the Board of Directors from liability for their management during the 2025 fiscal year, a standard procedural step in Saudi corporate governance that signals shareholder satisfaction with the company's oversight.
In addition to financial approvals, the assembly focused on updating the company’s internal regulatory charters.
Shareholders granted approval for amendments to the Audit Committee’s work regulations and the Nomination and Remuneration Committee’s charters.
Furthermore, the general assembly approved modifications to the company’s overarching Remuneration Policy. These updates are intended to ensure that Armah Sports Company remains in compliance with evolving regulatory requirements and continues to follow best practices in corporate governance.
The meeting also featured the participation of committee heads, including Amit Kapoor, Chairman of the Audit Committee, and Dag Lee, Chairman of the Nomination and Remuneration Committee, ensuring that shareholders had direct access to the leadership responsible for the company’s internal controls and executive oversight.
