Maharah shareholders authorize board to pay 2022 interim dividends, reject related party contracts

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM) held on June 28, according to a bourse filing.

Meanwhile, shareholders rejected the business and contracts that were concluded between the company and Atyaf Support Services Co. valued at SAR 109.8 million, as the board members Suleiman Al Majid, Abdullah Al Majid, Saud Al-Shathri, Ali Damati, and Abdullah Al-Amro have indirect interest.

They also disapproved the business and contracts that were concluded with Shifa Arabia Medical Co. and Mozen Telecom Systems Co. valued at SAR 1.23 million and SAR 573,200, respectively, as board member Abdullah Al-Amro has indirect interest.

Meanwhile, they ratified the appointment of RSM Global Co. as external auditor to review and audit the company’s financial statements for Q2, Q3, annual 2022, and Q1 2023.

They also approved the board and auditor’s reports for 2021.

Shareholders approved the payment of SAR 2.9 million as remuneration for board members and discharged them from liability for 2021.