Nayifat shareholders refuse to reduce board members’ number

03/11/2025 Argaam- Nomu
Logo ofNayifat Finance Co.

Logo of Nayifat Finance Co.

Nayifat Finance Co.’s shareholders disproved amending Article No. 12 of the company’s bylaws as regards reducing the board members from eight to six members, during the extraordinary general meeting (EGM) held on Nov. 2, according to a statement to Tadawul.

Shareholders elected the board members for the upcoming three-year board term starting Nov. 3, 2025, including Saud Al Dosari, Eid Al  Shamri, Husaam Al Azzawi, and Sami Alzakri. Elected members also included Fahad Al Subaie, Anas Al Sheikh, Naif Al Saif, and Naif  Al Degaither.

Shareholders further authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2026, the statement added.

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