Wafrah for Industry & Development Co.’s shareholders will vote in the ordinary general assembly meeting, scheduled for Jan. 14, 2021, on the dismissal of the board of directors and audit committee members, the company said in a bourse statement.
In case the board dismissal is approved, shareholders will elect a new board of directors for the upcoming three-year term, starting from Jan. 14, 2021 and ending Jan. 13, 2024.
The company said last July it received a request from a group of shareholders, who own almost 7.14% of the company's capital, to hold a general assembly meeting to vote on the existing board dismissal, Argaam reported.
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