General Assemblies Held in 2025
Luberef held one General Assembly meeting in 2025 at the Company’s Administration Office in Jeddah City via modern technology as follows:
Extraordinary General Assembly
16th April 2025
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| Name | Position |
|---|---|
| Ibrahim Q. Al Buainain | Chairman |
| Abdulatif S. Al Shami | Vice Chairman |
| Khalid D. Al Faddagh | Independent Director and Chairman of the Board Audit Committee |
| Nabelah M. Al Tunisi | Independent Director and Chairperson of the Remuneration and Nomination Committee |
| Mohammed F. Al Ahmari | Non-Executive Director |
| Andrew S. Katz | Non-Executive Director |
Meeting Results
- The Company’s Annual Board Report for the financial year ended on 31 December, 2024 was viewed and discussed.
- The Company’s Financial Statements for the financial year ended on 31 December, 2024 were viewed and discussed.
- Approved the External Auditor’s Report for the financial year ended on 31 December, 2024 after discussion.
- Approved the Board’s recommendation to distribute a cash dividend for the second half of 2024 with a total amount of SAR (518,225,554), representing SAR (3.08) per share and (30.8%) of the nominal value of the share with dividend disbursement on 30 April, 2025.
- Approved and authorized the Board to distribute interim (semi-annual or quarterly) dividends for the financial year 2025.
- Approved paying SAR 3,600,000 as remuneration for the Board Members for the fiscal year ended on 31 December, 2024.
- Approved the exoneration of the Board from liability for the financial year ended on 31 December, 2024.
- Approved the transfer of the Statutory Reserve amount of SAR 506,250,000 to the Retained Earnings account.