Herfy shareholders disapprove termination of Chairman Moataz Al-Azzawi

One of Herfy branches

Herfy Food Services Co.’s shareholders approved, during the extraordinary general meeting held on March 28, to terminate board member Khaled Al-Saeed, as per Article 90 of the Companies Law, based on a request submitted by a shareholder who owns more than 5% of the company’s capital.

In a bourse statement, shareholders disapproved termination of Chairman Moataz Al-Azzawi and board member Ahmed Al-Faleh, as per Article 90 of the Companies Law, based on a request submitted by a shareholder who owns more than 5% of the company’s capital.

Shareholders also approved amending Articles No. 4, 8, 9, 19, 20, 21, 23, 25, 29, 31 and 41 of the company’s Bylaws.