SAIC shareholders request to dissolve board of directors, re-elect new members

20/06/2021 Argaam

Logo of Saudi Advanced Industries Co.

Saudi Advanced Industries Co. (SAIC) received a letter from some shareholders that own shares, representing 5.06% of the company's capital, requesting to take the procedures required for dissolve the board of directors and re-elect new members. 

 

Accordingly, the company will take the necessary regulatory procedures regarding the above-mentioned request. 

 

Any developments in this regard will be announced in due course, SAIC added. 

 

According to data compiled by Argaam, in April 2020, SAIC elected board members for the three-year term started Sept. 17, 2020. 

 

The current board comprises Yazeed Khaled Al-Shathry as board chairman, Mohsen Al-Fehadi as vice chairman, Badr Khaled Al-Shathry, Turki Al Baiz, Saad A. Al-Shammary, Khaled M. Al Moammar, and Suha Suwaid Al-Jahadli. 

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