Logo ofLazurde Co. for Jewelry
Shareholders of Lazurde Co. for Jewelry rejected a proposal to delegate the powers of the ordinary general meeting (OGM) to the company’s board of directors. 
The proposal sought to authorize the board to exercise the OGM’s powers for one year from the date of shareholder approval or until the end of the current board’s term, whichever came first, in accordance with the applicable executive regulations.
In a statement to Tadawul, the company said shareholders approved the remaining agenda items, including authorizing the board to distribute interim dividends on a semiannual or quarterly basis during 2026.
Shareholders also approved the transfer of the statutory reserve balance of SAR 27.8 million, as reported in the financial statements for 2025, to retained earnings.
According to Argaam data, Article 27(1) of the Companies Law stipulates that a company manager or board member may not have a direct or indirect interest in contracts or transactions entered into on behalf of the company without authorization from the partners, the general assembly, shareholders, or a delegated authority.
Logo ofLazurde Co. for Jewelry
Shareholders of Lazurde Co. for Jewelry rejected a proposal to delegate the powers of the ordinary general meeting (OGM) to the company’s board of directors.
The proposal sought to authorize the board to exercise the OGM’s powers for one year from the date of shareholder approval or until the end of the current board’s term, whichever came first, in accordance with the applicable executive regulations.
In a statement to Tadawul, the company said shareholders approved the remaining agenda items, including authorizing the board to distribute interim dividends on a semiannual or quarterly basis during 2026.
Shareholders also approved the transfer of the statutory reserve balance of SAR 27.8 million, as reported in the financial statements for 2025, to retained earnings.
According to Argaam data, Article 27(1) of the Companies Law stipulates that a company manager or board member may not have a direct or indirect interest in contracts or transactions entered into on behalf of the company without authorization from the partners, the general assembly, shareholders, or a delegated authority.
