Riyadh – Mubasher: Time Entertainment Company announced the results of its Ordinary General Assembly meeting (OGM) where shareholders representing 85.14% of the company’s SAR 10 million capital approved several key resolutions.

During the virtual meeting, held on 30 June 2026, shareholders approved the disbursement of SAR 336,000 as remuneration for the board of directors for the 2025 fiscal year.

The assembly also granted the board of directors the authority to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year, according to a bourse filing.

Furthermore, the assembly approved the appointment of PKF Al Bassam Chartered Accountants as the external auditor to examine and audit the annual financial statements for 2026 and the first half (H1) of 2027.

The auditor's fees were set at SAR 194,000 excluding value-added tax.

Other agenda items approved included the board of directors' report and the company’s financial statements for the 2025 fiscal year.

Shareholders also voted to discharge the board members from liability for the 2026 fiscal year and authorized the board to exercise licensing powers under the Companies Law for a period of one year.