Riyadh, Saudi Arabia — Maharah Human Resources Company (Maharah Co.) held its Ordinary General Assembly on June 26, 2025, where shareholders approved key financial results, board appointments, and disclosures related to ongoing contracts.
Maharah General Assembly: Financial and Governance Resolutions
Shareholders reviewed and approved the Board’s report and audited financial statements for the fiscal year ending December 31, 2024. The assembly also reappointed the external auditor, as recommended by the Audit Committee, to oversee interim reports for Q2–Q4 2025 and Q1 2026.
The Board of Directors was granted formal discharge from liability for 2024. Additionally, shareholders authorized the Board to distribute interim dividends, either semi-annually or quarterly, during the 2025 fiscal year.
Board Changes and Related-Party Contracts
The General Assembly confirmed the appointment of Mr. Sulaiman bin Nasser bin Jabran Al‑Hatlan as a Non-Executive Board member, effective November 9, 2024. He replaces Mr. Aziz Mohammed Al‑Qahtani, with the term continuing until May 15, 2028.
Shareholders also approved a range of related-party transactions executed in 2024, all under standard manpower service agreements with automatic renewals and no preferential terms:
- Care Shield Holding Co. — SAR 11.82 million
- Saudi Medical System Co. — SAR 10.67 million
- Gulf Elite Co. — SAR 138,000
- Abdulaziz Eidah AlKathiri Auto Spare Parts Est. — SAR 82,680
Total bonuses and remuneration for board members were approved at SAR 2.58 million for 2024.
The Saudi Standard’s View: Steady Governance and Operational Transparency
The latest Maharah General Assembly demonstrates continued focus on transparent operations and strong corporate governance. Approval of related-party contracts under clear terms and ongoing dividend flexibility reinforces shareholder confidence.
The appointment of new board leadership, alongside audited financial approvals, reflects Maharah’s stable approach as the Saudi human resources sector grows. Amid evolving labor market demands, proactive governance and financial oversight will remain critical to sustaining investor trust and operational performance.
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