Baazeem shareholders to vote on suspending 10% retention of net profit on Sept. 16

Baazeem Trading Co.'s shareholders will vote on suspending the retention of 10% of net profit to form a statutory reserve for the company as it has already reached 30% of capital, during an extraordinary general assembly meeting scheduled for September 16, according to a bourse filing.
 

Shareholders will also vote on amending article No. 5 in the Articles of Association, which is associated to the company's headquarters, as well as amending article No. 16 related to company management, and article No. 18 related to the vacant position in the board of directors.
 

Furthermore, shareholders will vote on amending article No. 22 of the Articles of Association, which is related to board meetings, article No. 23 related to board quorum, and article No. 30 related to convening shareholders to meet.