Development Works to vote on appointing Vice Chairman on June 28

Development Works Food Co.’s shareholders will vote on the appointment of Hisham Abdel Rahman Muqrin as Vice Chairman of the board, for the current three-year term ending Oct. 29, 2021, during the ordinary general meeting (OGM) slated for Monday, June 28, according to a bourse filing.

Shareholders will also vote on financial statements, and board and audit reports for 2020.

Additionally, they will vote on appointing an external auditor to review financials for Q2, Q3, Q4, and 2021, and Q1 2022, and discharging board members from liability for 2020.

They will further discuss the payment of SAR 117,685 in board remuneration for 2020.

During the meeting, shareholders will discuss the appointment of Musa Abdullah Al-Fawzan as an independent board member and an audit committee member, Mohammed Abdullah Al Mubarak as an audit committee member, and Anas Saleh Al-Amoud as a board member for the current board term.