Raydan Food shareholders to vote on delegating general assembly’s powers to board on June 26

Shareholders of Raydan Food Co. will vote on delegating the general assembly powers to the board of directors, during the ordinary general meeting (OGM) to be held on June 26, according to a bourse filing.

Such delegation will be done in accordance with the Companies Law for a period of one year from the date of the general assembly’s approval or until the end of the delegated board of directors’ term, whichever is earlier.

Shareholders will also vote on the company’s financial statements as well as the board and auditor’s reports for 2021. They will vote on discharging the board members from liabilities for 2021.

In addition, shareholders will discuss appointing an external auditor to review and audit financials for Q2, Q3, Q4 2022 and 2022, as well as Q1 2023.

The OGM will also witness voting on contracts concluded with related parties.

The e-voting on the agenda items starts on June 22.