Al-Khudari shareholders dismiss the Board of Directors

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Source: Dubai – Arabic.net

Abdullah Abdul Mohsen Al-Khudari Sons Company announced today, Sunday, the results of the ordinary general assembly meeting, which was held last Thursday.

The association agreed to remove the members of the board of directors based on the request submitted by some of its shareholders who own shares representing approximately 5.007% of the company’s capital, according to the company’s statement to the Saudi Stock Exchange “Tadawul”.

The company’s board of directors was elected from among the candidates for the new session for a period of three years, starting from May 7, 2020 AD and ending on May 06, 2023 CE, using the cumulative voting method, namely Riyas Suleiman Omar Al-Kharashi, Sultan Muhammad Al-Hajri, Saeed Jaber Ali Al-Qahtani, and Fawaz Abdullah Abdul Mohsen Al-Khudari , Jamil Abdullah Abdul Mohsen Al-Khudari, and Ali Abdullah Abdul Mohsen Al-Khudari.

The Assembly decided not to approve the formation of the audit committee, and to determine its duties, work controls and rewards of its members for the new session, starting from the date of 7/5/2020 until the end of the session on 6/5/2023.







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