Alujain shareholders to vote on terminating board on June 10

Shareholders of Alujain Holding Corp. will vote on terminating the current board term on June 10, the company said in a bourse statement on Thursday.

They will also vote on electing a new board of directors for the new three-year term, starting from the current board termination date.

In case the current board termination is rejected, the new three-year term will start on June 15.

Moreover, an audit committee will be formed and have its remuneration policy set for the next three-year term starting June 15, Alujain added.

Shareholders of record at the Securities Depository Center Co. (Edaa) by the close of trading on the general meeting date will be able to participate and vote on the agenda items through Tadawulaty services as of June 7, the statement concluded.