Ash-Sharqiyah EGM refuses to pay board remuneration

01/07/2024 Argaam
Logo ofAsh-Sharqiyah Development Co.

Logo of Ash-Sharqiyah Development Co.

Ash-Sharqiyah Development Co.'s shareholders decided not to pay SAR 2.75 million in remuneration to the board of directors for the term ending July 19, during the extraordinary general meeting (EGM) held on June 30.

 

In a Tadawul statement today, July 1, the company said shareholders also approved moving the headquarters from Dammam to Riyadh.

 

For more news on listed companies

 

They also greenlit amending Article 3 of the Articles of Association, related to Ash-Sharqiyah's business purposes.

 

To view the amended purposes of the company, see the attachment below:

Purposes of the Company

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