Advanced shareholders elect board members for new term

Advanced elects board for 4-year term ending Sept. 30, 2029

Advanced Petrochemical Co.’s shareholders approved the election of board members for the upcoming four-year term, ending Sept. 30, 2029.

For more news on listed companies

The decision was made during the ordinary general meeting (OGM) held on Sept. 16, Advanced said in a statement to Tadawul.

The elected members are Abdallah Al Saadan, Abdulaziz Al Habardi, Nader Al Dakheel, Khalifa Al Mulhem, Waleed Al Jaffari, Abdullatif Al Mulhem, Mohammed Al Mulhem, Eric Eugeen Leys, and Abdulsalam Al Mazro.

Shareholders also authorized the board of directors for the new term to exercise the powers of the OGM as stipulated in the Companies Law.

This authorization will be valid for one year from the date of the OGM’s approval or until the end of the delegated board’s term, whichever comes first, in line with the executive regulations governing listed joint stock companies.