Arab Finance: The ordinary general meeting (OGM) of Valmore Holding approved the distribution of approximately $53 million in cash dividends to shareholders, amounting to $0.045 per share, according to a press release.
This milestone brings the cumulative dividends distributed since inception to nearly $1 billion, underscoring the company’s sustained commitment to shareholder returns.
Additionally, the shareholders approved the financial results for 2025, showing strong financial and operational performance with net profits of almost $161 million, thanks to business growth and smart management of their investments.
The general assembly also elected a new board of directors for a three-year term, as follows:
• Mr. Loay Jassim Al-Kharafi.
• Mr. Adel Moataz Al-Alfi.
• Mr. Jon Rokk.
• Ms. Heba Nasser Al-Kharafi.
• Mr. Talal Jassim Al-Kharafi.
• Mr. Ahmed Moataz Al-Alfi.
• Sheikh. Mubarak Abdullah Al-Sabah.
• Mr. Hussam El-Sayed Hussein.
• Mr. Hesham Saad Mekawi.
• Mr. Amin Ahmed Abaza.
• Ms. Nada Mohamed Massoud.
• Eng. Osama Mohamed Kamal.
• Mr. Ahmed Mohamed Sobhy.
The company's board meeting, held after the conclusion of the OGM, also decided to nominate Loay Jassim Al Kharafi as Chairman of the company, Adel Moataz Al-Alfi as Vice Chairman, and Jon Rokk as the CEO.
