Al Akaria shareholders to vote on board member appointment on April 4

Shareholders of Saudi Real Estate Co. (Al Akaria)  are set to vote on the appointment of a board member and amending the articles of association during the extraordinary general meeting (EGM) scheduled for April 4, 2021. 

They will discuss amending a number of articles including the company’s management, board of directors meeting, audit committee report, financial documents and assembly invitations.

Shareholders will also vote on the board of directors’ resolution regarding the appointment of Naif Saleh Al-Hamdan (non-executive member) to the board, starting from Jan. 21, 2021, until Jan. 31, 2022, as a substitute for the previous board member David Hand (non-executive member).

The general assembly will ratify the appointment of independent members - Nasser bin Saeed bin Kadsa, Adeeb Mohammed Abanmi and Ahmed Al-Adbulkarim Al-Muhaimid - to the audit committee, starting from the assembly’s date until March 16, 2022.

Shareholders can vote on agenda items as of March 31, 2021, through Tadawulaty services.