GASCO EGM to vote on transforming into holding company on Nov. 4

09:17 AM (Mecca time) Argaam
Logo fNational Gas and Industrialization Co. (GASCO)

Logo f National Gas and Industrialization Co. (GASCO)

Shareholders of National Gas and Industrialization Co. (GASCO) will discuss converting the company into a holding entity during the extraordinary general meeting (EGM) to be held on Nov. 4.

 

In a statement on Tadawul, GASCO said that shareholders will also vote on amending Article 3 of the company’s Articles of Association related to its objectives to align with its new status as a holding company by removing operational activities.

 

They will further look into reducing the number of board members from 10 to seven.

 

Additionally, shareholders will vote on electing board members for the new four-year term, starting Nov. 29, based on the outcome of the item related to reducing the number of board members.

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