Riyadh - Mubasher: Ghida Al Sultan Fast Food Company approved the transfer of SAR 5.09 million from the statutory reserve and other reserves as reflected in the 2025 fiscal year to the retained earnings account, during the Extraordinary General Meeting (EGM) held on 4 June 2026. 

The shareholders also agreed to launch an employee share allocation program and authorized the purchase of up to 32,000 ordinary shares to be held as treasury shares representing 1% of the total share capital.

The treasury shares will be acquired using the company's own resources and allocated under the employee share program, according to a bourse filing. 

The board of directors was authorized to complete the purchase within 12 months from the date of approval, while the shares may be retained for up to 10 years pending allocation to eligible employees.

During the meeting, the shareholders also approved amendments to Article 4 of the company's Articles of Association related to corporate objectives.

In addition, the EGM approved amendments to the board and committee remuneration policy, discharged board members from liability for 2025, and endorsed the auditor's report and 2025’s financial statements.

Shareholders approved the appointment of Alfahad, Alzoman & Alhajjaj Professional Services as external auditor for fiscal year 2026 at a fee of SAR 384,000.

The assembly further approved board remuneration totaling SAR 694,220, audit committee remuneration of SAR 96,055, and nominations and remuneration committee compensation of SAR 78,165 for fiscal year 2025.

Moreover, the shareholders ratified several related-party transactions involving branch lease agreements with Byout Al Arjan Company and a legal services contract with Mustasharoun Bila Hudood Law Firm, all conducted on commercial terms without preferential advantages.

In April 2026, Ghida Al Sultan entered into an agreement with Saud Hadher Abdullah Al Arifi to form a limited liability company dedicated to developing and operating digital food and beverage (F&B) brands.