Maharah’s shareholders amend bylaws

Maharah Human Resources Co.’s shareholders have approved amending the company’s bylaws during the extraordinary general assembly held on Sept. 18, 2019, the company said in a bourse statement.

Shareholders have also approved omitting three articles related to shares subscription, preferred stocks and distributing dividend to preferred stock.

In return, they have added an article related to buying and selling the company’s own shares.

Meanwhile, they have granted the board of directors the powers and authorities of the general assembly for one year, starting from the general assembly’s approval or the end of the board term, whichever is closer.