Alhokair Group shareholders to vote on redirecting offering proceeds use on Dec. 15

Shareholders of Abdulmohsen Alhokair Group for Tourism and Development will vote on redirecting the use of the offering proceeds as mentioned in the results announcement on Aug. 8 and the prospectus published on June 20, during the ordinary general meeting (OGM) scheduled for Dec. 15.

They will also vote on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al Hokair Holding Group, Tanami Arabia Ltd., MENA Education and Human Resources Development Co. (Abdul Mohsin Al Hokair Institute for Hotel Training), and Riyadh Company for Tourism, Entertainment and Commercial Projects.

Shareholders will vote on amending the investment agreement of Half Moon Hotel - Mina Holiday Resort - with Half Moon Resort Company (a related party), according to a bourse filing.

In addition, they will discuss amending the remuneration regulation for the board of directors, its committees, and the executive management.

Shareholders can begin e-voting on the agenda items through Tadawulaty website, as of Dec. 2.