Raydan Food shareholders elect new board

Raydan Food Co.’s shareholders elected new board members for the coming three-year term, starting April 21, 2022, during the extraordinary general meeting (EGM) held on April 20, the company said in a bourse statement.

The new board includes Mansour Nasser Awadallah Al-Sulami, Omar Rabeh Al-Sulami, Nair Bayan Muhji Al-Sulami, Faisal Saad A Al Subaie and Sultan M. R. Al Howymel.

Shareholders also approved amending articles of association related to the company’s management but disapproved amending articles related to the remuneration of board members and the remuneration policy for board members and board committees.

Meanwhile, the EGM approved the formation of the audit committee for the new term starting on April 21, 2022, which includes Noha A. Hamzah Suleimani, Mazen Khalaf Al-Zayer and Basem Tayseer Hijaz – all are independent members from outside the board.