Riyadh – Mubasher: Osool & Bakheet Investment Company announced that its ordinary general assembly meeting (OGM) that was held on 30 June 2026 approved the appointment of Baker Tilly MKM & Co. as the external auditor.

Baker Tilly MKM will examine and audit the semi-annual and annual financial statements for the 2026 fiscal year, according to a bourse filing.

Meanwhile, the auditor's fees were set at SAR 485,000 excluding value-added tax.

The assembly reviewed and discussed the board of directors' report and financial statements for the 2025 fiscal year.

Shareholders voted to discharge the board of directors from liability for the 2025 fiscal period and approved the payment of SAR 102,000 as remuneration for board members for the same year.

Additionally, the assembly authorized the board of directors with the powers of the ordinary general assembly regarding licensing requirements under the Companies Law.

This mandate is valid for one year from the date of approval or until the end of the current board cycle, whichever occurs first.

The meeting was chaired by Abdullah Ibrahim Al Khorayef and attended by representatives from the audit, risk, and nomination committees.

In June 2026, the investment company launched Osool & Bakheet Ashad Al Hamra Hotel Development Fund as a closed-ended private real estate investment fund at a total size of SAR 713 million including debt financing.