Alujain shareholders to vote on sacking 3 board members Dec. 21

Alujain Corporation’s board of directors has invited shareholders to attend the company’s general assembly meeting on Thursday, Dec. 21, to vote on dismissing three board members: Khalid Zainal, Khaled Zaqzouq, and Adnan Salah.

The step is based on a request presented by a number of shareholders, representing 5.41 percent of the company’s capital, Alujain said in a bourse statement.

If the assembly approves the dismissal of these members, new board members must be elected to replace them for the current term ending June 14, 2020.

During the meeting, shareholders will also vote on updating the corporate governance regulations, which include policies of the board and rules for board committees.