Horizon Food shareholders seek dismissal of 2 board members

28/03/2023 Argaam

Horizon Food receives shareholders’ letter seeking dismissal of 2 board members

Logo of Horizon Food Co.

Horizon Food Co. said today, March 28, that it received a letter from some shareholders owning more than 10% of the company’s capital, calling for a general assembly meeting to vote on dismissing two current board members.

 

The members are Alwaleed Alshathre (Chairman - non-independent) and Mohammed bin Dayel (independent).

 

The company will take the necessary procedures according to the rules and regulations, which will be announced in due course.

 

Horizon Food, an affiliate of Tabuk Agriculture Development Co. (TADCO), began trading on Nomu-Parallel Market on March 26.

 

Tabuk Agriculture owns 40% of Horizon Food after listing.

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