Shareholders of Abdullah Al Othaim Markets Co. (Al Othaim) will vote on electing new board of directors for the three-year term, starting Oct. 3, 2021, during the extraordinary general meeting (EGM) that will be held on Sept. 22.
The company said in a bourse statement that they will vote on forming the new audit committee for the same term, define its duties, charter and remuneration for the members.
The candidates are Raed Abdullah Alhogail, Mohammed Mansour Al-Mousa, and Abdullah Jaber Alfifi.
Shareholders will also vote on delegating the board of directors with the authority powers of the EGM, for a period of one year, starting from the date of the approval by the EGM or until the end of the delegated board term, whichever is earlier, in accordance with the conditions in the Regulatory Rules and Procedures issued pursuant to the Companies Law related to Listed Joint Stock Companies.
In addition, they will ratify amending bylaws related to management, board of directors, financial documents, and remuneration and nomination committee.
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