Arriyadh Development shareholders to vote on amending audit committee regulations on Sept. 15

Arriyadh Development Co.'s (ARDCO) shareholders will vote on amending the work regulations of the audit committee and the remuneration and nominations committee, during the ordinary general assembly meeting (OGM) scheduled for Sept. 15.

The company said in a bourse statement that shareholders will also vote on the remuneration policy of the board of directors, its sub-committees, and the executive management.

Furthermore, they will ratify the criteria and controls for the board members’ competition for the company’s business or any of its branches.

In addition, shareholders will vote on appointing Suleiman bin Nasser Al-Hattlan (an independent member from outside the board) as a member of the audit committee, starting May 5, 2021 till the end of the current term on June 24, 2022.