MOBI shareholders authorize board to distribute interim dividends

Shareholders of MOBI Industry Co. approved authorizing the board of directors to distribute interim cash dividends on a semiannual or quarterly basis for Q3 and Q4 of 2025, as well as Q1 and Q2 of 2026, according to a Tadawul statement.

They also approved granting the board the powers of the ordinary general assembly, as per Article 27 of the Companies Law, for a period of one year from the date of the general assembly’s approval or until the end of the board’s current term, whichever comes first, in line with applicable executive regulations.

Additionally, shareholders approved all other agenda items, including the discharge of board members from liability for 2024.