Riyadh – Mubasher: Wajd Life Trading Company issued a corrective announcement regarding the results of its Extraordinary General Meeting (EGM) held on 30 June 2026.
The disclosure clarifies the specific engagement terms for the company’s external auditor, following an initial published announcement.
Wajd Life confirmed the appointment of Turki Abdulmohsen Al Luhayd and Saleh Abdullah Al Yahya (Certified Public Accountants and Auditors) to examine and audit the financial statements for the 2026 fiscal year.
The scope of work includes the interim financial statements for the first half (H1) ended on 30 June 2026, and the annual financial statements ending on 31 December 2026.
The total fees for these services are set at SAR 304,000.
During the same EGM, shareholders approved the discharge of board members from liability for the 2025 fiscal year.
Additionally, the assembly approved the transfer of the statutory reserve balance, totaling SAR 300,000, to the retained earnings account as of the end of the 2025 fiscal period.
The meeting also saw the approval of the previous auditor's report for the 2025 financial year.
