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Astra Industrial Group announces the Formation of Audit Committee
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Element List Explanation
Introduction With reference to the announcement of Astra Industrial Group dated April 24, 2025, regarding the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of committees, and the appointment of the company’s representatives, the Group announces the formation of the Audit Committee for the current board term, which began on April 22, 2025, and will continue for three years until April 21, 2028, as follows:

 

1- Mr. Abdulkarim AlNafi (Independent) – Chairman of the Committee.

2- Mr. Ayman Sejiny (Independent) – Member.

3- Mr. Ayman Yousef (Outside the Board Member) – Member.
Element List Explanation
Appointed Member Name Abdulkarim AlNafi
Membership Start Date 2025-04-22 Corresponding to 1446-10-24
Brief Resume of the Appointed Member He holds a bachelor’s degree in accounting and business administration and possesses extensive professional experience in the fields of finance and industry. He has previously held prominent leadership positions, most notably the Director General of the Saudi Industrial Development Fund and the Chief Executive Officer of Saudi Ceramic Company. He currently serves as a board member in several listed and unlisted companies, in addition to his membership on several committees within those companies.
The date of the approval by other official authorities N/A
Element List Explanation
Appointed Member Name Ayman Sejiny
Membership Start Date 2025-04-22 Corresponding to 1446-10-24
Brief Resume of the Appointed Member He holds a bachelor’s degree in finance and possesses extensive professional experience in the financial and investment sectors. He has held several prominent executive positions, including Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector, and Executive Director at Alkhair Bank. He also held senior executive roles at Unicorn Capital and Barclays Capital. In addition to his executive experience, he has served on various boards of directors and is currently a board member in several companies.
The date of the approval by other official authorities N/A
Element List Explanation
Appointed Member Name Ayman Yousef
Membership Start Date 2025-04-22 Corresponding to 1446-10-24
Brief Resume of the Appointed Member He holds a bachelor’s degree in accounting and possesses extensive experience in the financial, accounting, and auditing fields. He currently occupies the position of Chief Financial Officer at The Arab Supply Trading Company (ASTRA). He previously held the position of Vice President of Financial Affairs at Misk Company and worked as an Audit Manager at Ernst & Young.
The date of the approval by other official authorities N/A
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2025-04-24 Corresponding to 1446-10-26
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Astra Industrial Group announces the appointment of the Chairman and Vice-Chairman of the Board of Directors, the formation of the Board’s committees, and the appointment of the Company’s representatives
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Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 715,112,301 819,094,894 -12.694 833,728,170 -14.227
Gross Profit (Loss) 326,588,983 338,828,302 -3.612 372,598,003 -12.348
Operational Profit (Loss) 203,614,307 163,267,094 24.712 189,301,115 7.561
Net profit (Loss) 174,924,439 168,747,319 3.66 171,871,096 1.776
Total Comprehensive Income 174,796,305 163,358,176 7.001 176,723,126 -1.09
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,548,840,471 1,652,133,146 -6.252
Gross Profit (Loss) 699,186,986 687,924,861 1.637
Operational Profit (Loss) 392,915,422 332,272,799 18.25
Net profit (Loss) 346,795,535 318,488,703 8.887
Total Comprehensive Income 351,519,431 317,596,662 10.681
Total Shareholders Equity (after Deducting Minority Equity) 2,635,325,509 2,245,499,274 17.36
Profit (Loss) per Share 4.33 3.98
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Sales decrease in general due to:

 

Decrease in Sales in the following sectors:

a) Steel industry

b) Specialty chemical
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit Increases in general due to:

 

1. Decrease in general and administrative expenses in Steel industry.

2. Decrease in zakat and income tax expenses in all sectors.

3. Decrease in financial costs in Specialty chemical sector.

While noting that there is Gain from discontinued operation in similar quarter last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Sales decrease in general due to:

 

Decrease in Sales in all sectors.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit Increases in general due to:

 

1. Decrease in general and administrative expenses in Steel Industry sector.

2. Decrease in selling and distribution expenses in Pharmaceuticals sector.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Sales decreases in general due to:

 

Decrease in Sales in the Steel industry sector.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit Increases in general due to:

 

1. Decrease in general and administrative expenses in the Steel Industry sector.

2. Increase in Gross Profit in Pharmaceuticals sector.

3. Decrease in financial costs in Specialty Chemical sector.

While noting that there is Gain from discontinued operation in similar period last year.
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information Net Shareholders’ Equity at the end of the period was SR 2,656,733,760/- compared to SR 2,252,334,319/- at the end of the similar period last year with an increase of 18%.

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

 

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Astra Industrial Group Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
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Element List Explanation
Introduction The Board of Directors of Astra Industrial Group is pleased to announce to its shareholders the results of the Ordinary General Assembly Meeting
City and Location of the General Assembly’s Meeting By means of modern technology – AIG Headquarter – Riyadh
Date of the General Assembly’s Meeting 2025-04-20 Corresponding to 1446-10-22
Time of the General Assembly’s Meeting 19:00
Percentage of Attending Shareholders 68.86
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees

The meeting was attended by the following Board Members:

1) Mr. Sabih Masri – Chairman

2) Mr. Khaled Masri – Deputy Chairman

3) Mr. Mohammad Al Utaibi

4) Mr. Kamil Sadeddin

5) Mr. Abdulkarim Al-Nafi

6) Mr. Ali AlSubaihin

7) Mr. Ghassan Akeel

8) Mr. Farraj Abuthenain

The following were unable to attend this meeting:

Mr. Khaled Al Mana
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf

The following Committees Chairpersons attended the meeting:

1) Mr. Abdulkarim Al-Nafi – Chairman of the Audit Committee.

2) Mr. Ali AlSubaihin – Chairman of the Nomination and Remuneration Committee.

3) Mr. Khaled Masri – Chairman of the Performance and Investment Committee.
Voting Results on the Items of the General Assembly’s Meeting Agenda’s Attached
Attached Documents   

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Astra Industrial Group Board invites its shareholders to attend the Ordinary General Assembly Meeting (First meeting) via modern technology means.
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Element List Explanation
Introduction The Board of Directors of Astra Industrial Group is pleased to invite its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) via modern technology provided by Tadawulaty.
City and Location of the General Assembly’s Meeting AIG HQ, Riyadh (via Tadawulaty system)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly’s Meeting 2025-04-20 Corresponding to 1446-10-22
Time of the General Assembly’s Meeting 19:00
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End

Shareholders registered in the Company’s share registry at the Depository Center as of the end of trading prior to the Meeting Day are eligible to attend, in accordance with applicable rules and regulations. 

 

The right to register for the General Assembly Meeting ends at the time of the meeting’s commencement. The right to vote on the Assembly’s agenda items ends upon the completion of vote screening by the Screening Committee.
Quorum for Convening the General Assembly’s Meeting The Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half of the company’s capital. If the quorum is not met, a second meeting will be held one hour after the originally scheduled time, and it will be valid regardless of the number of shares represented.
General Assembly Meeting Agenda Attached
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the agenda items of the General Assembly and raise relevant questions. They can also vote remotely on the General Assembly Meeting’s agenda via the E-voting service available on Tadawulaty: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered with Tadawulaty Services can vote remotely on the Ordinary General Assembly’s agenda items starting from 01:00 AM on Wednesday, 16/04/2025 (corresponding to 18/10/1446H) until the end of the General Assembly Meeting. Registration and voting via Tadawulaty Services are available free of charge at www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries

For inquiries related to the General Assembly Meeting agenda or general inquiries, please contact Shareholder Relations at: 

 

Email: Khaled.albalawi@aig.sa
Attached Documents   
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Astra Industrial Group announces the board of director’s recommendation to distribute cash dividends for year 2024
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Element List Explanation
Introduction Astra Industrial Group announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends for the fiscal year 2024 as follows:
Date of the board’s recommendation 2025-03-12 Corresponding to 1446-09-12
The Total amount distributed 240 Million Saudi Riyal
Number of Shares Eligible for Dividends 80 Million shares
Dividend per share 3 Saudi Riyal
Percentage of Dividend to the Share Par Value (%) 30
Eligibility date The eligibility of dividends shall be for the shareholders who own the shares on the day of the general assembly meeting and registered in the Securities Depository Center on the closing of the 2nd trading day after the general assembly meeting, which will be announced later after getting the necessary approvals from the relevant authorities.
Distribution Date The distribution date will be announced later after approving the distribution of dividend by the General Assembly.
The name of other official authorities and the details of their non-refusal to the recommendation or decision N/A
Additional Information We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
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Astra Industrial Group announces its Annual Financial results for the period ending on 2024-12-31
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Element List Current Year Previous Year %Change
Sales/Revenue 3,062,261,277 2,819,586,562 8.61
Gross Profit (Loss) 1,342,292,117 1,182,305,880 13.53
Operational Profit (Loss) 658,476,355 533,276,660 23.48
Net profit (Loss) 589,340,930 475,326,552 23.99
Total Comprehensive Income 595,903,466 478,516,024 24.53
Total Shareholders Equity (after Deducting Minority Equity) 2,523,806,078 2,127,902,612 18.61
Profit (Loss) per Share 7.37 5.94
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year Sales increase in general due to:

 

 

Increase in Sales in the following sectors:

a) Pharmaceuticals

b) Steel industries
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Net profit Increases in general due to:

 

 

1. Increase in Gross Profit in all sectors.

 

2. Gain from discontinued operation.

 

3. Increase in other income in other sector.
Statement of the type of external auditor’s report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information 1. Net Shareholders’ Equity at the end of the period was SR 2,530,968,707/- compared to SR 2,131,107,759/- at the end of the similar period last year with an increase of 19%.

 

 

2. On 21 February 2024, Astra Industrial Group and Tharwat Mining Company signed an agreement with Saudi Lime Industries Company (the “purchaser”) for exiting its entire investment in Astra Mining for a transaction price of SR 35 million for 100% equity stake and also the purchaser will settle the amounts due to the Company by Astra Mining of SR 129.6 million. The deal was subject to completion of certain conditions by the buyer. These conditions were fulfilled on 19 May 2024. Accordingly, the control was transferred to the buyer on that date and the Company has recognized its share of gain amounting to SAR 37.8M (representing 77.3% of consolidated gain on disposal amounting to SAR 48.9M). (For details, please refer to Consolidated Interim Financial Statements)
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