Tabuk Agricultural proposes early termination of current board

Tabuk Agricultural Development Co.’s board recommended, on April 6, ending its current three-year term, which began on July 1, 2024.

The board seeks to end the term from the date of the general meeting that will approve the proposal.

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In a statement released on Tadawul, the company explained that the board believes this step is necessary to facilitate the active participation of all shareholders. It reflects the board’s commitment to ensuring development and expansion of the company's operations.

A general meeting will be held after obtaining the necessary approvals to vote on the termination of the current board and election of a new board for a next three-year term, starting from the date of the meeting, in case the first item is approved.

In line with the board's responsibilities under Articles 68 and 69 of the Companies Law, the current board and committees will continue to carry out their duties as required until the assembly date and vote on ending the current board's term.