Riyadh – Mubasher: International Human Resources Company announced that its shareholders approved a cash dividend distribution of SAR 4 million for the 2025 fiscal year, according to a bourse filing.
The ordinary general meeting, held on 29 June 2026, saw the ratification of several key agenda items, including the approval of related party transactions, the appointment of a new external auditor, and the discharge of board members from liability for the previous fiscal year.
A primary highlight of the meeting was the approval of the board’s recommendation to distribute cash dividends to shareholders.
The total dividend payout will be distributed across 50 million shares, resulting in a dividend of SAR 0.08 per share. This distribution represents 16% of the share’s nominal value.
Eligibility for these dividends is set for shareholders registered with the Securities Depository Center (Edaa) by the end of the second trading day following the assembly date. The company confirmed that the disbursement of these funds is scheduled to commence on Monday, July 13, 2026.
The General Assembly also addressed corporate governance and compliance matters. Shareholders approved the discharge of board members from liability for the 2025 fiscal year and authorized a total remuneration of SAR 420,000 for the board members for the same period.
Furthermore, an amendment to the remuneration policy for the board of directors, its committees, and executive management was ratified.
The assembly approved several contracts involving related parties, including transactions with Mawed Financial Company totaling SAR 3.95 million for human resources, financial, and logistical services. Additionally, a contract with United Aircraft Maintenance Company valued at SAR 296,166 for similar services was approved.
In both instances, board members Ali bin Ammar Al Harbi and Fallah bin Ammar Al Harbi were noted as having indirect interests. The company emphasized that these contracts were conducted without preferential terms and are valid for one year.
Regarding future financial oversight, the assembly approved the appointment of Yasser Zuman Al-Zuman, Khalid Fauzan Al-Fahad, and Zaher Abdullah Al-Hajjaj for Professional Consulting as the company’s external auditor. This appointment, based on the Audit Committee's recommendation, covers the review and audit of the financial statements for the second and third quarters of 2026, the full 2026 fiscal year, and the first quarter of 2027.
The total professional fees for these auditing services were set at SAR 250,000 excluding value-added tax.
Finally, the board was granted the authority of the Ordinary General Assembly as stipulated in the Companies Law for a period of one year or until the end of the current board session, whichever occurs first. This delegation allows the board to exercise specific licensing powers required for ongoing corporate activities.
