Herfy OGM approves dismissal of board member Mohammed Alshetwey

10:10 AM (Mecca time) Argaam
A branch of Herfy Food Services Co.

A branch of Herfy Food Services Co.

Herfy Food Services Co.'s shareholders approved the dismissal of board member, Mohammed Alshetwey, according to a Tadawul statement.

 

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The approval was made during the ordinary general meeting (OGM) held on Nov. 27. It was based on a request from the shareholder Savola Group that holds more than 10% of Herfy's capital. In October, Herfy received a letter from Savola requesting the convening of a general assembly to vote on the dismissal of board member Mohammed Alshetwey, according to data available with Argaam.

 

Savola Group owns a 49% stake in Herfy.

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