Arabian Pipes shareholders approve amending bylaws

Arabian Pipes Co.'s shareholders approved amending the company’s bylaws during the extraordinary general meeting (EGM) held on March 30, 2021, according to a bourse filing.

Shareholders approved amending articles of association related to the term of the company, capital increase and decrease, as well as the authorities and responsibilities of the board of directors.

They also approved amending articles of association related to the bonus of board members, powers of chairman, vice chairman and secretary, as well as the board of directors' meeting.

Other amendments on the agenda included the attendance of general meetings, corporate governance, as well as the policies and criteria of board of directors' membership.