Al Akaria shareholders approve board member appointment

Saudi Real Estate Co.’s (Al Akaria) shareholders approved, during the extraordinary general assembly meeting (EGM) held on April 4, 2021, the board of directors’ resolution to appoint Naif Saleh Al-Hamdan to the board, starting from Jan. 21, 2021, until Jan. 31, 2022, according to a bourse statement.

The shareholders also approved the appointment of independent members -- Nasser bin Saeed bin Kadsa, Adeeb Mohammed Abanmi and Ahmed Al-Adbulkarim Al-Muhaimid -- to the audit committee, starting from the assembly’s date until March 16, 2022.

Shareholders also ratified the amendment of a number of articles of association.