Al-Baha’s GA adds new activities to the company’s core business

The Extraordinary General Assembly of Al-Baha Investment and Development Company held on November 18, 2014 approved the following:
 

1. Amending article no. 16 of the company’s bylaws to: “The Company shall be managed by a Board of Directors consisting of eight members appointed by the Ordinary General Assembly for three years and the first board of directors begins from the date of the ministerial decision announcing the establishment of the company”.
    
2. Adding new activities to the company’s core business in Article no. 2 to become as follows: “Establishment, management, operation and maintenance of central markets, commercial & residential complexes, furnished apartments, restaurants, hotels, gas stations, cafes, buffets, bakeries, pastries, cooked & uncooked catering services, wholesale & retail food, wholesale & retail building materials, steel and general contracting for buildings , electrical, electronic and mechanical services, management, maintenance and development of real estate as well as contracting of maintenance, operation and cleaning services and  purchase & lease of land for the construction of buildings and for selling or leasing for the benefit of the company”.