Ordinary and extraordinary general assembly meetings of the Vegetable Oil Industries Company 2026
The Ordinary General Assembly of the Vegetable Oil Industries Company held its annual ordinary and extraordinary meeting on Monday, April 20, 2026, at the company's offices in Nablus. The meeting was attended by the Chairman of the Board, Mr. Hisham Al-Masri, via video conference, along with several members of the Board of Directors, the executive management, the company's legal advisor, Mr. Haitham Al-Zoubi Law Firm, the Capital Market Authority, the company's auditors, and shareholders. Shareholder attendance reached 84.9%. The meeting was chaired by the Vice Chairman of the Board, Mr. Ayman Abu Ghazaleh.
The company's legal advisor, Mr. Haitham Al-Zoubi, read the minutes of the previous Ordinary General Assembly meeting for the fiscal year 2024. The Chairman then read the address of the Chairman of the Board, Mr. Hisham Al-Masri, and the financial and administrative report for the fiscal year 2025. The meeting reviewed the company's future plans and key achievements during 2025, which were unanimously approved by the General Assembly.
Mr. Amr Haroub, representing the company's auditors, presented the auditors' report and the company's financial statements for the fiscal year ending December 31, 2025. The auditors' representative confirmed that the financial report was without reservations, and it was unanimously approved by the General Assembly.
The General Assembly approved the discharge of the Board of Directors from liability for the fiscal year ending 2025 and elected Ernst & Young as the company's auditors for the fiscal year 2026.
The General Assembly approved the distribution of cash dividends at a rate of 40% of the nominal value of the share, which is one Jordanian dinar, to shareholders registered as of May 20, 2026, equivalent to 40 piasters per share for the fiscal year 2025.
Following the conclusion of the Ordinary General Meeting, an Extraordinary General Meeting of the Vegetable Oil Industries Company was held. Based on the Ordinary General Meeting's approval of the Board of Directors' recommendation to distribute bonus shares, the Extraordinary General Meeting resolved to increase the company's capital by 25%, from 8,000,000 shares to 10,000,000 shares. This increase will be allocated to each shareholder in proportion to their shareholding in the company's capital, as per the company's records as of the date of the General Meeting held on April 20, 2026. The Extraordinary General Meeting also approved amending the statutory reserve ratio to become (25%) of the company's capital.
The meeting concluded.
The company's legal advisor, Mr. Haitham Al-Zoubi, read the minutes of the previous Ordinary General Assembly meeting for the fiscal year 2024. The Chairman then read the address of the Chairman of the Board, Mr. Hisham Al-Masri, and the financial and administrative report for the fiscal year 2025. The meeting reviewed the company's future plans and key achievements during 2025, which were unanimously approved by the General Assembly.
Mr. Amr Haroub, representing the company's auditors, presented the auditors' report and the company's financial statements for the fiscal year ending December 31, 2025. The auditors' representative confirmed that the financial report was without reservations, and it was unanimously approved by the General Assembly.
The General Assembly approved the discharge of the Board of Directors from liability for the fiscal year ending 2025 and elected Ernst & Young as the company's auditors for the fiscal year 2026.
The General Assembly approved the distribution of cash dividends at a rate of 40% of the nominal value of the share, which is one Jordanian dinar, to shareholders registered as of May 20, 2026, equivalent to 40 piasters per share for the fiscal year 2025.
Following the conclusion of the Ordinary General Meeting, an Extraordinary General Meeting of the Vegetable Oil Industries Company was held. Based on the Ordinary General Meeting's approval of the Board of Directors' recommendation to distribute bonus shares, the Extraordinary General Meeting resolved to increase the company's capital by 25%, from 8,000,000 shares to 10,000,000 shares. This increase will be allocated to each shareholder in proportion to their shareholding in the company's capital, as per the company's records as of the date of the General Meeting held on April 20, 2026. The Extraordinary General Meeting also approved amending the statutory reserve ratio to become (25%) of the company's capital.
The meeting concluded.