Herfy gets shareholder request to vote on chairman, board member termination

A branch of Herfy Food Services Co.

Herfy Food Services Co. announced that it received a letter from one of the shareholders, who owns more than 5% of the company’s capital, requesting to hold a general assembly meeting to vote on terminating the chairman of the board and another member, according to a bourse statement.

The letter seeks the voting for termination under articles 68 and 90 of the Companies Law.

Accordingly, the company will take the necessary regulatory procedures regarding the request, the statement noted.

Major owners of Herfy shares include Savola Group, which owns 49% of the company, and Ahmed Al-Saeed, who owns 19.16% of the shares, according to data compiled by Argaam.