Riyadh – Mubasher: United Mining Industries announced the results of its Ordinary General Assembly meeting held on 25 June 2026, where shareholders representing 70.32% of the company's capital approved all agenda items.
Key resolutions included the approval of SAR 1.06 million as remuneration for board members for the fiscal year ended on 31 December 2025, according to a bourse filing.
The assembly authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year.
Shareholders also approved the appointment of Dr. Mohamed Al-Amri & Co. as the company’s auditor to review financial statements for 2026, with fees set at SAR 315,000.
Several related-party contracts were ratified, including transactions with Masdar Building Materials totaling SAR 4.05 million and Al Rashed Wood Products amounting to SAR 1.86 million.
Other approved dealings involved Al Rashed Cement for SAR 1.68 million and Al Rashed Tires for SAR 96,608.
Additionally, the assembly confirmed the appointments of Serge Bechara, Paul Christopher Button, and Dr. Marcus Hoff to the board to complete the current term ending on 29 May 2027.
