The upcoming Ordinary Annual General meeting of the Al-Oula Real Estate Investment Company, which is scheduled to be held on Wednesday, July 17, 2024, will discuss the reports of the Board of Directors and the Auditor, the reports of the Sharia Supervisory Board, and the violations monitored by the regulatory authorities and for which penalties were imposed on the company (if any). 

Also, the AGM will discuss and approve the Board of Directors’ recommendation not to distribute dividends for the financial year ending on December 31, 2023. 

In addition, the upcoming general meeting will also discuss the recommendation of the Board of Directors not to distribute a reward to the members of the Board of Directors, and releasing them from their liability regarding their legal, financial and administrative actions for the fiscal year ending on December 31st, 2023, and approving the resignation of the Board of Directors member then electing a member to complete the term of the Board of Directors.